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July 28, 2010

LVHM, the French luxury group controlled by the Arnault family, yesterday announced strong half-year results that firmly signals a rebound in the luxury market for family-controlled firms.

LVMH, the French luxury group controlled by the Arnault family, yesterday announced strong half-year results that firmly signals a rebound in the luxury market for family-controlled firms. 

July 20, 2010

An aura of austerity might be gripping the economies of Europe and America but luxury spending seems to be little aware of it. That’s good news for many family businesses that still comprise a big part of the luxury product and service sector.

An aura of austerity might be gripping the economies of Europe and America but luxury spending seems to be little aware of it. That's good news for many family businesses that still comprise a big part of the luxury product and service sector. 

June 23, 2010

Luxury is back, but with a difference, writes Margie Goldsmith. Ultra-high-net-worth travellers are spending again, although this year, says Matthew Upchurch, CEO of global luxury travel network Virtuoso, “their travel decisions are more value driven rather than price driven.”

Luxury is back, but with a difference. Ultra-high-net-worth travellers are spending again, although this year, says Matthew Upchurch, CEO of global luxury travel network Virtuoso, "their travel decisions are more value driven rather than price driven." It would appear that the ego has gone out of the market and travellers are no longer taking extravagant, showy vacations, writes Margie Goldsmith.

June 10, 2010

Francois-Henri Pinault, the second-generation chairman and CEO of the family-owned luxury group PPR, last night awarded three fellowship grants to social entrepreneurs through the company’s Foundation for Women’s Dignity and Rights.

Francois-Henri Pinault, the second-generation chairman and CEO of the family-owned luxury group PPR, last night awarded three fellowship grants to social entrepreneurs through the company's Foundation for Women's Dignity and Rights.

June 2, 2010

Jean Cassegrain, the third-generation CEO of luxury retailer Longchamp, said he sees little for the company to be concerned about after positive sales in Europe and the successful launch of a new line during the first half of 2010.

Jean Cassegrain, the third-generation CEO of luxury retailer Longchamp, said he sees little for the company to be concerned about after positive sales in Europe and the successful launch of a new line during the first half of 2010.

May 6, 2010

Tonino Cacace, second-generation owner of the Capri Palace Hotel, talks to Margie Goldsmith about artistic luxury, artisan culture and why bigger really is better

Tonino Cacace, second-generation owner of the Capri Palace Hotel, talks to Margie Goldsmith about artistic luxury, artisan culture and why bigger really is better.

As Tonino Cacace, owner of the Capri Palace Hotel & Spa, sits on the terrace of his hotel gazing out at uninterrupted views of the Bay of Naples, he muses that luxury is not only in the surroundings but in every detail of his hotel.

May 4, 2010

Second-generation CEO Vittorio Missoni tells Claire Adler how the family-run fashion house is riding out the recession in style

Second-generation CEO Vittorio Missoni (pictured) tells Claire Adler how the family-run fashion house is riding out the recession in style.

The supposedly glittering world of high-priced luxury goods has taken a battering of late. Many small and medium companies without the financial and managerial muscle to react to difficult market conditions have sought bankruptcy protection including Christian Lacroix, Escada and Gianfranco Ferre.

April 7, 2010

Jim Justice, who last week added another luxury resort to his purchase of the legendary Greenbrier property in 2009, has become something of a miracle worker for the people of West Virginia in America’s Appalachian region, writes Darrell Delamaide

Jim Justice, who last week added another luxury resort to his purchase of the legendary Greenbrier property in 2009, has become something of a miracle worker for the people of West Virginia in America's Appalachian region, writes Darrell Delamaide.

April 1, 2010

Jim Justice, head of the Justice Family Group LLC, announced yesterday that the family has purchased The Resort at Glade Springs, its second luxury resort in West Virginia.

Jim Justice, head of the Justice Family Group LLC, announced yesterday that the family has purchased The Resort at Glade Springs, its second luxury resort in West Virginia.

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