Luxury Goods Spending to Reach €217 Billion in 2013

As reported in September, growth within the luxury industry is beginning to stabilise in the single digits to early-teens, after several years of ballistic double-digit increases. “The hypergrowth of recent years was destined to moderate,” confirms Claudia D’Arpizio, a Bain partner in Milan and lead author of the 12th Edition of the Luxury Goods Worldwide... Continue Reading →

Legoland Dubai to open in 2016

Legoland Dubai to open in 2016 Legoland Dubai is set to open in 2016 with global leisure parks giant Merlin Entertainment revealing fresh plans for the theme park. The park was first proposed in 2008 at a site within the wider Dubailand project, but was put on the backburner in 2010 amid the financial crisis.... Continue Reading →

Next raises full-year profit forecast after Q3 sales growth exceeds expectations

Clothing retailer Next raised its full-year profit forecast today after third-quarter sales growth exceeded analysts’ estimates, sending the shares to a record. An unexpected increase in sales at the company’s stores added to accelerating revenue growth at the Directory home-shopping unit, figures showed. “Investors will be encouraged by the performance in the third quarter and... Continue Reading →

Mr Price shares hit record amid slump

Mr Price Group Ltd. advanced to a record high after the South African clothing and furniture retailer said earnings climbed 18 to 22 percent even as household budgets tightened. The shares rose as much as 2.4 percent to 152 rand, the highest since Bloomberg began compiling data on the company in 1990, and traded 2... Continue Reading →

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