Source: ReutersHONG KONG, China — Chinese conglomerate Fosun International Ltd said it has teamed up with Alibaba Group Holding Ltd and other parties in a logistics project valued at about 5 billion yuan ($816 million).
Savigny Luxury Index May 2011 | Source: Savigny PartnersLONDON, United Kingdom — As luxury stock valuations continue to roar ahead, even as the overall market has stalled, and luxury brands go to private and public investors to finance further expansion, we take our monthly check of the Market Pulse to understand the key drivers. Big news • The Savigny Luxury Index continues its upward trend led by the bullish outlook for the sector in terms of both organic growth and acquisitions •
