For many years, the luxury travel sector has been undergoing a bit of an arms race. Four Seasons announced its Private Jet experience in 2015. There’s a new $50,000-per-night-private penthouse suite at the Park Hyatt New York and a fleet of custom-built yachts coming from Ritz Carlton – the first voyage is in 2020. It … Continue reading BUSINESS | Luxury Hotel Group Enters Private Jet Wars
RIYADH/SAUDI ARABIA – Saudi Arabia’s Crown Prince Mohammed Bin Salman on Friday agreed that the initial public offering of state oil giant Aramco will be announced on Sunday, five sources familiar with the matter told Reuters. The world’s top oil company will announce its intention to float (ITF) on November 3, the sources added. “The … Continue reading BREAKING NEWS | Saudi Crown Prince Approves Announcement Of Aramco IPO On Sunday – Sources
RIYADH – Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov.3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors. The people also said Aramco’s chief executive officer, Amin Nasser, was not present … Continue reading BREAKING NEWS | Saudi Aramco Aims To Begin Planned IPO On November 3: Sources
MILAN/ITALY – A Saudi and Gulf consortium is seeking to buy luxury retailer Barneys New York Inc, Saudi financial news website Maaal reported on Tuesday. The consortium is led by Saudi company Arabian Oud and includes an unidentified “major airline”, Maaal reported, citing sources. Separately, Dubai-based newspaper Gulf News reported that the consortium has teamed … Continue reading BREAKING NEWS | Saudi, Gulf Consortium Seeking To Buy Barneys New York: Maaal
RIYADH/SAUDI ARABIA - Since Saudi Arabia’s Crown Prince Mohammed Bin Salman introduced the ambitious reform plan known as Vision 2030 in 2016, the Kingdom has made strides towards diversifying its economy and reducing its dependence on oil revenues. “[Vision 2030 ] expresses our long-term goals and expectations, and it is built upon our country’s unique … Continue reading BREAKING NEWS | What You Need To Know: A Timeline Of Saudi Arabia’s Vision 2030 Reforms
MILAN/ITALY – Grab Your Wallet, a group that asks shoppers to boycott business with ties to Donald Trump’s family and administration, is adding Louis Vuitton and other LVMH brands to its list. LVMH is facing a boycott threat after the French luxury house invited President Donald Trump to the opening of a new Louis Vuitton … Continue reading BUSINESS | Louis Vuitton Faces Boycott Threat After Trump Visits Factory
MILAN, ITALY - One of Victoria’s Secret’s key executives is stepping down as the retailer deals with a battering year. April Holt, who is the executive vice president of stores, is leaving the L Brands-owned company after more than 16 years. Becky Kritek-Behringer, a 17-year veteran who is currently Victoria’s Secret SVP of store operations, … Continue reading BUSINESS NEWS | Victoria’s Secret Head Of Stores Is Stepping Down
