BMW to focus on smaller cities
German luxury car brand BMW will consolidate its market position by extending presence in tier-II and III Indian cities over the next one-and-a-half years, a senior executive said on Wednesday, according to the India Times.
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Marriott and Hilton form partnerships to enhance luxury image
Marriott International has announced strategic partnerships with Christie’s, Tumi, Keri Glassman, Aromatherapy Associates,and Treasury Wine Estates, as part of a brand initiative to deliver “a deeper luxury guest experience”
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Organized retail crime on the rise
According to a National Retail Federation survey, 94.5 percent of retailers said they had been a victim of organized retail crime in the year ended May 31, according to WWD.
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Prada offering seeing plenty of demand
The first leg of the fashion firm's road show in Singapore on Monday drew bids for all the shares reserved for institutional investors, according to WWD.
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