The luxury business has been growing continuously, despite the recession and challenging markets. While the developed market saw a downturn, the industry was bolstered by the markets in emerging economies, especially China and India. Companies have found new markets, new learning and new ways of running their businesses. Over the last few years, the industry had more structural changes in terms of consolidation companies and expansion of a plethora of brands into newer markets including the East European countries. This had brought forth the complexities of managing a business which is fraught with higher costs, value chains spread across nations and a combination of entry strategies and arrangements. We look at different facets of managing a luxury business for leadership across the world.