Tag Archives: luxury

London luxury property is still glitzy for Middle East investors

London mayor: U.K. has no game plan on Brexit The weak pound and falling prices are encouraging Middle East investors to continue to pour millions into London luxury real estate despite concerns about Brexit. “They love London,” said Niccolo Barattieri di San Pietro, CEO of luxury property developer Northacre, which is owned by the Abu Dhabi Financial Group. “They want to send their kids there, they speak the language, they understand the legal system.” Northacre started selling units at The Broadway in London last week. The development consists of 285 ...

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Why smartphone security is a luxury for those who can afford it

Firm buys and sells hacking tools If you’re a low-income American, there’s a good chance you have anan Android.And unless it’s a newer model with recent software updates, your security could be at risk. Two competing operating systems own the real estate in our smartphones: Apple’s iOS and Google’s Android. Apple’s phones are expensive — the cheapest model starts at $ 400. Meanwhile, some Android phones cost less than $ 50. The closed system Appl (AAPL, Tech30)has built means that everyone who has an iOS device gets access to the ...

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Business or pleasure? Rent these luxury hotel rooms for an afternoon

5 stunning stats about Airbnb Need a place to crash for a few hours? Or a comfortable spot to host a business meeting? How about a quick luxury escape? Top hotels in major cities around the world are offering daytime room rentals at cut-rate prices through tech startup DayUse.com. Marriott(MAR) and the French hotel group Accor(ACCYY) have signed up with the service. The most recent deal — with Hilton(HLT) — was inked in late February. The website allows customers to rent a room for a few hours during the day ...

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Luxury tycoon Arnault to revamp Paris museum

By Dominique Vidalon| PARIS French luxury goods tycoon Bernard Arnault is expanding his art museum empire with plans to renovate a disused public building near his Louis Vuitton Foundation on the outskirts of Paris. The Musee National des Arts et Traditions Populaires, built in 1972 but sitting vacant since 2005, is to be turned into a arts and crafts center in a 158 million euros ($ 167 million) revamp by architect Frank Gehry. Arnault, who controls luxury group LVMH, told a news conference alongside President Francois Hollande, Paris Mayor Anne ...

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Robert De Niro plans to open a luxury hotel in London

How Marriott connects with travelers Film legend Robert De Niro is expanding his hospitality empire. He just got the green light to open a luxury hotel in London’s popular Covent Garden area in a bid to replicate the success he’s had with his Greenwich Hotel in New York. The Wellington Hotel, as it will be called, received planning permission from local London authorities this week. Construction is expected to start in early 2017 and will last for about two years. The plans show an 83-room hotel, complete with a spa, ...

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Luxury brand Lancome accused of caving in to China pressure

French luxury brand Lancome has been accused of ditching an outspoken celebrity from its promotional activities to please China. The cosmetics line, owned by L’Oreal (LRLCF), recently canceled a promotional concert in Hong Kong featuring popular local singer Denise Ho, who has spoken out on a range of controversial political issues concerning China. The move prompted an angry reaction from the singer and Internet users in Hong Kong. Lancome’s decision came one day after the Global Times, a Chinese state media outlet, berated the brand for inviting a singer who ...

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Mental health care in emergencies ‘not an optional luxury’: experts

LONDON (Thomson Reuters Foundation) – Mental illnesses are the world’s leading cause of disability affecting millions and, even during a humanitarian crisis, treating them is not an optional luxury, experts said before a World Bank/World Health Organization meeting on the issue in Washington this week. Reuters: Health News

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Samsonite to buy luxury bag maker Tumi in $1.8 billion deal

Samsonite is looking to check in some extra luggage. The well known travel bag maker said Friday it has agreed to buy its upscale American rival Tumi (TUMI) in a deal worth around $ 1.8 billion. Founded in the 1970s by a former Peace Corps volunteer who worked in South America, Tumi has become one of the leading high-end brands for travelers. Its check-in and carry-on bags retail for as much as $ 2,495, according to its website. The company also sells clothes and accessories like umbrellas and phone chargers. ...

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What crisis? Luxury car sales boom in Russia

It’s a crisis with a twist. The Russian economy is collapsing, the ruble is near record lows, poverty is rising. But luxury car sales are booming. Porsche (POAHF) set a new record in Russia in 2015, with sales up 12.4% compared to 2014. Rolls-Royce also said recently it hit a new a record in Russia last year. Lexus sales were up 6% and Bentley said it’s market in Russia is “growing rapidly.” “The rich in Russia simply have more money and more confidence to make purchases,” said Tim Urquhart, principal ...

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Bernie Madoff's luxury watches are up for auction

Unraveling Madoff’s web of lies Thanks to the U.S. Marshals Service, you could own Bernie Madoff’s Patek Philippe. The Marshals are auctioning six pieces of jewelry that belonged to the Ponzi scheme mastermind and his wife Ruth: a diamond tennis bracelet, gold money clip, antique necklace and brooch, and two Patek Philippe watches. As of early Wednesday morning, the luxury trinket with the top price was the tennis bracelet — with a leading bid of $ 22,655. The money clip had far more bids — 22 — but a comparatively ...

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