LUXURY
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Michael Kors To Open Second Romanian Store In Baneasa Shopping City
US premium brand Michael Kors is getting ready to open its second store in Romania, this time in the Baneasa Shopping City in northern Bucharest.
Bucharest Has Half As Many Luxury Hotels As Prague
Bucharest has seven luxury hotels, half as many as Prague, the most famous capital in Central and Eastern Europe in terms of tourist destinations.
Luxury Division Generates 20% Of L’Oreal Romania’s Sales
The nine luxury brands L’Oreal has in Romania are available in 160 stores and generate almost 20% of the local revenue of more than EUR60 million.
Luxury Apartment Rentals In Bucharest Up 15% In 1Q
The number of luxury apartment rental deals in northern Bucharest grew by an average 15% in the first quarter, with a peak of 21% in the areas Aviatorilor, Dorobanti, Primaverii and Floreasc...
Female Executives Dominate Luxury Auto Market
The most prestigious car brands officially available in Romania are run by women, who are directly responsible for sales of tens of millions of euros of brands like Ferrari, Bentley, Lamborg...
Romanian Handling Diageo’s Luxury Portfolio In 30 Countries Targets Triple Revenues By 2020
Viorel Ognean, the Romanian who runs the luxury portfolio of 30 countries of Diageo, the world’s biggest producer of premium spirits, says Romania is among the countries with a significant g...
Romanians Spent Almost EUR8M On Luxury Cars In January-September
A number of 43 new cars with a price tag of more than EUR100,000 were registered in Romania in the first nine months of this year, according to the Driver's License and Vehicle Registration...
DTZ Brokered Luxury Real Estate Transactions Worth EUR8M In 2014
Real estate consultant DTZ Echinox brokered transactions with luxury properties worth EUR8 million in the first three quarters of the year, while the sales on this segment rose 100% on the y...
Sales Of Expensive Cars Lag Behind Auto Market
Registrations of new premium and luxury cars increased by just 6% in the first half of the year, according to the Driver License and Vehicle Registration Department (DRPCIV), to a little mor...