When the French outpost of Bulgari Hotels and Resorts opens in 2020, it will occupy a place on 30 avenue George V which forms one of the most exclusive and most expensive pieces of real estate in the city.
Marking the biggest sales dip in 11 months, US consumer spending cooled off in the first quarter, following the holiday season's strong showing. Year-over-year data, however, shows a healthy uptick of 5.4 percent.
Converse is taking over a five-floor building in the heart of Shoreditch to open the ‘Converse One Star Hotel’, a two-day immersive pop-up featuring exclusive sneaker launches and rooms curated by music artists.
China's biggest e-commerce company Alibaba Group Holding Ltd will invest $486 million for a stake in a domestic big- data firm focused on hotels and retail, as part of a push to deepen its offline presence.
French police have recovered some of the jewels worth over 4.0 million euros looted from the Ritz hotel in central Paris, a police source said on Thursday as officers hunt for two thieves who remain on the run.
EU state aid regulators will investigate whether Ikea's tax arrangement with Dutch tax authorities helped cut its tax bill, the latest crackdown on unfair tax deals between multinationals and EU countries.
The New York Times Co plans to develop two or three new standalone digital products next year focused on lifestyle topics as part of its push to get more people to pay for its content beyond traditional news.