Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Luxury and sustainability—two words that don’t always go hand in hand. But Hennessy, the LVMH-owned cognac powerhouse, is proving that heritage and innovation can sail in the same direction. Enter the Neoliner Origin, a 136-meter-long sailing cargo ship that will soon be carrying Hennessy’s prized cognacs across the Atlantic, reducing greenhouse gas emissions by a … Read more
The luxury resale market has been undergoing a seismic shift, and myGemma’s latest move—launching an ultra-streamlined consignment service—is proof that the game is evolving yet again. Known for its quick direct-selling model, myGemma has now entered the consignment space, promising sellers higher returns while handling the entire process from listing to logistics. But is this … Read more
It seems like the winds of change are blowing fiercely through Gucci, and it’s not just the brand’s ever-evolving collections causing a stir. Sabato De Sarno, the minimalist designer who took the helm as Gucci’s Creative Director in 2023, is out after less than two years in the job. This unexpected departure has left the … Read more
When you think of Paris, certain images immediately come to mind: the Eiffel Tower, the Seine, haute couture, and, of course, those iconic streets lined with world-class luxury boutiques. It’s no wonder, then, that Kering, the powerhouse behind brands like Gucci, Saint Laurent, and Balenciaga, is staking an even bigger claim in the heart of … Read more