Luxury


 

For many, the definition of creating a luxury product or service is tolerating inefficiencies and adding extra expenses in order to make something a bit different, more personalized, that stands out. It might seem an odd place to be a home for luxury hotels.

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In annals of the modern luxury hotel industry Horst Schulze, founder of Ritz-Carlton and Isadore Sharp, creator of Four Seasons, in the Seventies and Eighties laid the groundwork for the category’s massive growth. However, when the dust settles decades from now, it may be Montage Hotels & Resorts' Alan J. Fuerstman who is viewed as the person who figured out the secret formula of what makes a luxury lifestyle hotel tick.

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Last week, Alibaba unveiled major upgrades to its Intellectual Property Protection (IPP) platform, an online channel for brands to file intellectual property infringement complaints.

The boats, which were available as of last week, cost between $300 to $1,000, with sellers touting their anti-sinking qualities in online advertisements.

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Silicon Valley Luxury Home Sales Rise In July [0.22]

Posted on Aug. 14, 2017, 10:09 p.m. by Forbes Real Time @ [source]

The Silicon Valley luxury home market saw a gain in total sales in July year-over-year, according to a new report by Coldwell Banker Residential Brokerage, a top Bay Area real estate services companies.

The Silicon Valley luxury housing market isn’t showing any signs of a slowdown,” said Mike James, president of Coldwell Banker Residential Brokerage San Francisco Bay Area.

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What did you have for lunch today?

If you were staying at Minaret Station, a luxury New Zealand lodge so remote you can only get to it by helicopter, your lunch might have begun with helicopter flightseeing over jaw dropping fjords before landing on a private beach.

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If your perception of cruising is 5,000 passenger ships with ice skating rinks, water parks, luxury vessels with white glove service and butlers or even the now very popular river cruises, there is an entire additional category that is roughly referred to as expedition and specialty cruising.

Quark Expeditions has been around for 25 years and only does polar travel.

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There’s no shortage of creative talent when it comes to flair in the fashion world, but not every entrepreneur is able to turn their skills and passion into a functioning, profitable business. Luxury is an expression of your own extravagant taste and it showcases your creative side that knows no boundaries and limits.

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Quintessentially is crossing the pond to further expand the brand. The arm, which launched in 2016 with a focus on the premium and luxury sectors, marks Quintessentially’s move to go global.

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Before the Internet, the impetus for a consumer to contact a travel agent was to book an airline ticket. For others, there were escorted tours your travel agent could book, pre-planned itineraries usually by motor coach where you joined other travelers with like interests and followed a guide with a sign on a stick through museums and cathedrals.

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Michael Kors Is Buying Jimmy Choo For $1.2 Billion [0.18]

Posted on July 25, 2017, 12:40 p.m. by Forbes Real Time @ [source]

Jimmy Choo has a new owner.

Jimmy Choo was started in 1996 by British Vogue editor Tamara Mellon and designer Jimmy Choo.

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Robert Clergerie has taken steps to further its reach in the U.S., aiming to garner the notoriety and success it had in the 1980s and ’90s.

Fortunately for Robert Clergerie, there is already a built-in history.

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What a Deutsche Bank report did say is that among the US poor some 40% of income is spent upon luxury goods and that it a very different statement indeed. People who make the most money spend the biggest chunk of their incomes on luxury goods, but even the poorest households spend a significant amount for luxuries, according to an analysis released this week by Deutsche Bank Research.

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Circa 2017, the once proud luxury watch industry is in its weakest position since the late 1970s and early 1980s.

If the watch industry has anything to be proud of, it is that good watches still experience healthy consumer interest, and that the industry has been able to produce enough good products to amass a large number of fans around the world.

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Swedish premium rainwear company, Stutterheim, has partnered with Italian luxury brand, Marni, to launch a capsule collection as part of Marni’s pre- Fall 2017 Collection.

For Stutterheim, it’s a collaboration that has risen through the ranks and a timely connection that allows Swedish craftsmanship to be showcased.

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While the deals differ markedly in size and scale, $310 million for Bonobos and $13.7 billion for Whole Foods, both represent a step beyond Walmart’s and Amazon’s mass-market roots and into the premium market where luxury consumers live.

Having reported recently about the “New David” brands identified by global business development firm Marvin Traub Associates as the most important new-age brands to watch, of which Bonobos is one of the top 200 Davids founded, nurtured and launched online that appeal to the next generation of luxury consumers called HENRYs (high-earners-not-rich-yet), I caught up with Mortimer Singer, CEO of the NYC-based TRAUB, to discuss the implications of these deals.“It’s the smoke of where the fire will soon be raging,” Singer says, talking about both digitally-native Amazon’s move into brick-and-mortar and Walmart picking off one of the first and well established David brands to be acquired.

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The design for the modern home for sale overlooking the Ponus Ridge Land Trust in New Canaan, Conn., strikes a serene setting.

But rather than succumb to the usual soulless, boxy designs that accompany many energy efficient homes, the New Canaan structure marks one one of the first to be elevated to high-end luxury, employing a level of inventive elegance rarely seen in energy-saving designs.

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So far there are at least two things the experts haven gotten wrong when it comes to Marriott International and its CEO Arne Sorenson. Why not at least get its three soft brands down to two?

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The market for luxury vehicles isn’t an easy one for new businesses to break into.

It’s unlikely that tons of small businesses are also trying to break into the luxury vehicle market at the moment.

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Jimmy Buffett's recent announcement that he is expanding his Margaritaville retirement communities is shining a light on a booming sector of the real estate market.

Jimmy Buffett is planning to break ground on a second location in his recently announced string of luxurious Margaritaville active adult communities, the first of which is currently being built in Daytona Beach, Florida.

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There will be no fewer than nine jewelry, gem and watch shows being held during the first week of June in Las Vegas.

The Couture Show specializes in luxury and fashion jewels from independent designers as well as national and international luxury brands.

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