Louis Vuitton buys Yacht Manufacturer
The Louis Vuitton Group, LVMH, has purchased Dutch yacht manufacturer Royal van Lent. The yacht company make ultra high end yachts, with an average selling price of 30 million euros. The sellers are Dutch investment firm Egeria and the acquisition price is worth approximiately 11 times net profit.
Asics Inner Muscle Revolutionises Sport Clothing
High end sports clothing has recently gone down the route of tight elastic tops and shorts that initially appear about 4 sizes too small for the athlete. The theory is that the tops provide more overall support to muscles, which improves performance. Asics, a leading trainer company, has taken this technology one step further. Lusso took a look.
Topper chosen for Champion of Champions event
Topper Sailboats offer a range of 12 different boats for all abilities of sailor. They are highly regarded as having excellent construction quality and design. They have been chosen to be the craft of choice for the Endeavour Trophy at least up until 2010 and probably further into the future. Lusso have taken a closer look at this company to see how they do it.
Did Russian billionaire buy 496 million euro property?
Recently, it was reported that Villa Leopolda was sold to a Russian billionaire for just under 500 million euros. It soon revealed that Russian billionaire Mikhail Prokhorov was behind the sale. As is the habit with Russian oligarchs, Prokhorov made his billions in precious metals. In 2007 he launched a $17 billion private investment fund, so he was definitely wealthy enough to purchase the property.
