Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
When SKIMS launched in 2019, it promised to redefine shapewear and inclusivity. Now, with the acquisition of SKKN by Kim from both Kim Kardashian and Coty, the billion-dollar brand is expanding beyond apparel and into the ever-competitive world of beauty and fragrance. But is this an inspired evolution or a calculated consolidation of the Kardashian … Read more
Tariffs have long been a tool of economic policy, used to regulate trade, protect domestic industries, and at times, retaliate in geopolitical disputes. However, their impact on the luxury industry—a sector that thrives on cross-border commerce, global brand prestige, and exclusivity—can be particularly pronounced. From high fashion to luxury automobiles, fine wines to five-star hospitality, … Read more
Ferrari’s latest commercial policy update has sent ripples through the luxury automotive world, as the Italian marque maneuvers around impending U.S. import tariffs on EU vehicles. The move—announced just days before the April 2 deadline—seems designed to cushion the blow for its most loyal clientele while preserving its financial standing. However, the implications of this … Read more
The wellness industry has always thrived on reinvention. Every year brings new trends, new buzzwords, and new ways to (supposedly) optimize our minds and bodies. But if the Global Wellness Summit’s (GWS) 2025 trend report tells us anything, it’s that the industry is now split in two: the slow, nostalgic return to “analog wellness” on … Read more
In the ever-evolving landscape of luxury, 2025 is shaping up to be a defining moment. As the post-pandemic spending frenzy cools and global economic challenges intensify, luxury brands are being forced to rethink their strategies. Kearney’s latest Global Luxury Industry Outlook (kearney.com) offers a compelling analysis of the state of the market, highlighting both headwinds … Read more
Discover how global wealth surged in 2024, with the U.S. leading the charge, Asia gaining momentum, and Africa emerging as the next big player. Learn which factors are driving this expansion and what it means for the future of wealth creation. In the ever-evolving landscape of global wealth, Knight Frank’s 2025 Wealth Report unveils a … Read more