luxury

Qatar to buy Plaza Hotel in New York

Qatar to buy Plaza Hotel in New York

Katara Holding, Qatar’s stated owned hospitality company, has acquired one of New York’s most iconic buildings, the Plaza Hotel, in a USD 600 Million deal, making the hotel the newest addition to the Company’s portfolio. The Compan..

Rolls-Royce can Face Thousands of Job Cuts

Rolls-Royce can Face Thousands of Job Cuts

Rolls-Royce Holdings PLC’s engine-durability problems worsened after the company found new issues that will require extra repair shop visits on a further lot of turbines that power Boeing Co.’s 787 Dream liner.The newly discovered glitch..

Tiffany Tops on Third-Quarter Results

Tiffany Tops on Third-Quarter Results

On Wednesday, Tiffany & Co. (NYSE: TIF) announced its financial results for the third quarter. The results topped analysts’ expectations as China’s demands for luxury goods increases.For the third quarter, revenue increased 2.8% to $..

Ferrari Raised Full-Year Guidance After Third-Quarter Results

Ferrari Raised Full-Year Guidance After Third-Quarter Results

Ferrari (BIT: RACE), the Italian luxury sportscar maker, announced its financial results for the third quarter of 2017 on Thursday.Revenue for the third quarter increased 7% to 836 million euros, which was in line with analysts’ estimates. The..

Michael Kors buys Jimmy Choo for $1.2 Billion

Michael Kors buys Jimmy Choo for $1.2 Billion

According to Reuters, U.S. retailer Michael Kors Holding Ltd (NYSE: KORS) agreed to buy luxury shoemaker Jimmy Choo PLC for $1.2 billion, snapping up a British company whose towering stilettos have been made famous by celebrity customers f..

Tesla begins production of Model 3

Tesla begins production of Model 3

Tesla Motor Inc. (NASDAQ: TSLA) passed all regulatory requirements for the production of its first mass-market car, the Model 3, according to CEO Elon Musk on Sunday night.The company’s shares were up 3 percent in premarket trading on Monday a..