Translated by Roberta HERRERA Published Jun 14, 2024 OTB has joined forces with the Chalhoub Group to amplify its presence in the Middle East. The Italian fashion conglomerate, led by Renzo Rosso, has announced “a strategic joint venture to significantly expand the presence of OTB’s luxury brands in the region,” according to a statement. This [...]read moreOTB partners with Chalhoub Group to expand in the Middle East
The 4,650-square-foot home is also being listed for $7.5 million by Adam Modlin of the Modlin Group. Bidding is expected to begin around $1.75 million to $3.75 million. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will [...]read more‘RHONY’ Alum Sonja Morgan Auctioning Upper East Side Townhouse
The first quarter of 2024 has reshaped the geography of Kering‘s outlets. Over the period, traffic in the shops of its main houses, and in particular those of its flagship brand Gucci, fell everywhere in the world, with the notable exception of Japan and to a lesser extent the ‘rest of the world’ zone, driven [...]read moreA difficult start to the year worldwide, except in Japan and the Middle East
Click to enlargeKia has released official teaser images of its first-ever pick-up truck, the Tasman. Named after the ‘rugged beauty and pioneering spirit’ of Tasmania, the island at the southernmost tip of Australia, the truck you see here wears an Australia-inspired camouflage wrap. Developed in collaboration with renowned artist Richard Boyd-Dunlop hailing from Australia and [...]read moreKia teases Tasman pick-up truck – 2025 launch for Korea, Aus, Africa, Middle East, but ASEAN not listed
Fresh from its launch event last month, SAIC Motor Malaysia has announced it has opened ten MG Motor dealerships in Peninsular Malaysia, covering the central (Klang Valley) and southern regions. The new outlets will sell the all-electric MG4 and MG ZS EV, which herald the return of the Morris Garages nameplate in Malaysia after an [...]read moreMG opens 10 new dealers in Klang Valley, Seremban, Melaka, Johor – East Malaysia expansion by end-2024
Translated by Cassidy STEPHENS Published Apr 15, 2024 Considered as one of the new frontiers of luxury, the Middle East is sharpening the appetite of fashion houses. Like Dolce & Gabbana, which has been present in the Middle East for years and wishes to accelerate its expansion in the region. Particularly in Saudi Arabia, a [...]read moreDolce & Gabbana accelerates in the Middle East
10-year yield and mortgage rates There is nothing good to report on mortgage rates from last week. The chart below shows that we broke the critical technical level on the 10-year yield (marked with a red line). The CPI data, which the Federal Reserve doesn’t track for its 2% target, came in 0.1% hotter than [...]read moreWill a wider war in the Middle East push mortgage rates higher or lower?
Hermès is further enhancing its production capacity in France, focusing yet again on leather crafts, particularly in the South-West region of France. The luxury house has announced the construction of a new leather goods workshop, set to open in 2025 in Isle-d’Espagnac, located four kilometers from Angoulême, in Charente. This site is expected to eventually [...]read moreHermès begins construction of a leather goods workshop east of Angoulême, France
The largest crane on the Eastern Seaboard was being transported to Baltimore so crews on Friday can begin removing the wreckage of a collapsed highway bridge that has halted a search for four workers still missing days after the disaster and blocked the city’s vital port from operating. As the sun rose Friday, a crane [...]read moreBiggest crane in the east heads to Baltimore to remove bridge debris
