Luis Angelo Van-Dunem Costa

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Sochi’s Global Resort Quest Stymied by Unsold Housing

The $50 billion makeover of Sochi is visible from space.<p>In 2007, soon after the Russian city won the bid to host the 2014 Winter Olympics, cosmonaut …

Mercedes Sales Growth Tops BMW on Compact Car Surge

Mercedes-Benz’s vehicle sales grew faster in January than at Bayerische Motoren Werke AG and Audi AG, helping the German manufacturer to further …

China's luxury goods market slows down growth

The growth of China's luxury goods market may continue slowing down in 2014, predicted the management consulting firm Bain & Co.<p>The sales growth of …

Mohamed Al Fayed 'sells Harrods to Qatari royal family in £1.5bn deal'

Harrods has reportedly been sold by Mohamed Al Fayed to the Qatari royal family for more than £1.5bn.<p>Qatar Holding, the Gulf state's strategic investment arm has bought the famous Knightsbridge store, according to Sky News.<p>Ken Costa, the chairman of Lazard International, the investment bank …

Qatar's Growing Stake in the Luxury Industry

<i>Doha, Qatar</i><p><b>Harrods, LVMH, Porsche, Tiffany & Co and some of Europe’s leading luxury hotels, we take a look at the extent of Qatar’s Investment</b> …

Revealed: Oxford Street's £5bn sales boom

A massive Oxford Street spending spree will send this year’s store sales racing past the £5 billion barrier for the first time, the Standard can …

England

F1 perfects formula for financial success

<b>STORY HIGHLIGHTS</b><p>Formula One Group has more than doubled revenues over past decade<br>• Over $1.5 billion was generated in 2011 with revenues expected to rise further<br>• Fees charged to promoters of Asia races and TV rights money has been key to rapid growth<br>• Top teams (Ferrari, McLaren and Red Bull) in good …

Luxury Sales to Exceed $318 Billion, Driven by Emerging Markets and ‘Affordable Luxury’

Today, BoF can exclusively share the findings of a new report by Euromonitor International, indicating that, in 2013, luxury goods sales will exceed …

Is Africa A Major Market For Luxury Goods? - Ventures Africa

Africa, the No.2 fastest growing economy only behind Asia-Pacific, has seen a rise in the fortunes of several of its citizens, nurturing a higher …