On Uruguay’s Atlantic coast, a beach town is booming with celebrities and high-rolling foreigners willing to pay millions of dollars for a piece of this bohemian but ultra-chic getaway.
In the past decade, Jose Ignacio — 180 kilometers (110 miles) east of Montevideo — has become a refuge for members of the jet set in the region who want to escape noisy Punta del Este, the old line resort 40 kilometers (25 miles) away.
Colombian singer Shakira, television producer Marcelo Tinelli, Argentine magnate Amalia Fortabat and French actress Dominique Sanda own properties in the area. Continue reading →
New York‘s storied Chelsea Hotel, the classic haunt of artists and hell-raising performers, is for sale and, perhaps, so is its soul.
The 12-floor building with the neon sign “Hotel Chelsea” is a landmark in Manhattan thanks to its long list of famous residents.
Playwright Arthur Miller and singers Janis Joplin and Patti Smith were among those living there. Poet Dylan Thomas died there, as did Nancy, the girlfriend of Sex Pistols bassist Sid Vicious. Continue reading →
According to a Women’s Wear Daily report, young Japanese shoppers are less impressed by designer brands and more value-driven than their parents.
The consulting firm McKinsey & Co. already reported last July that “almost 30 percent of shoppers under 30 in Japan named price as the most important factor they consider when shopping, compared to just 21 percent for those over age 50″.
As a result of its economic collapse, Japan’s per-head spending has radically declined — a trend that will continue — with the luxury market being particularly affected, having shrunk by 23 percent between 2006 and 2010. Continue reading →
China will be the world’s biggest luxury goods market by 2020 as its economy booms and an emerging middle class spends a growing chunk of their cash on high-end items.
Over the next decade, Chinese consumers — including a surging number of billionaires — will account for 44 percent of global spending on goods such as bags, vehicles, watches, shoes and clothes, the report by brokerage CLSA said.
A cluster of 300 artificial islands off Dubai‘s coast in the shape of a global map is stable, its developer Nakheel insists, despite a court claim alleging that “The World” was neglected and eroding away.
“There is no issue with the stability of The World islands that are approximately 70 percent sold and handed over,” a Nakheel spokesman said.
“The island purchasers (have) the responsibility to proceed with their developments in due course,” he added. Continue reading →
Italian superyacht builder Pershing has launched a new hull in its flagship 115’ range with all the bells and whistles plus a gut-busting engine upgrade.
Fitted with twin diesel MTUs delivering a total of 7,400 hp together with the applied thrust of the two Kamewa Rolls-Royce water-jet propellers, the standard model has an impressive maximum velocity of about 38 knots.
The new 115’ features an additional Vericor TF50 gas turbine, typically used in the aeronautical sector, with a central water-jet propeller producing an additional 5,100 hp, for a total top speed of 52 knots. Continue reading →
The car, which can touch speeds of 275 kilometres (170 miles) an hour, will be priced at up to 51 million rupees ($1.1 million).
“There are customers out there who can afford the unparalleled luxury of this car,” said Mercedes Benz India chief executive Peter Honegg at the launch, saying the company was aiming its cars at those who can afford private jets. Continue reading →
He told the American Lodging and Investment Summit that finding sites for the new hotel chain wasn’t proving easy, although he did confirm a few places where travelers will be able to enjoy Virgin’s almost-legendary hospitality.
This premium champagne set comes with two flutes, a rosé Impérial bottle with special-edition rose pink sleeve and a gold marker to personalise your present with a message – all beautifully displayed in an elegant, rose-tinted gift box.
The suggested retail price of this Valentine Day Graffiti Kit is $120. It will be available for purchase at wines & spirits shops throughout New York City until Feb 14th. Continue reading →