Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Billionaire telecommunications executive and art collector Patrick Drahi acquired auction house Sotheby’s. After more than 30 years as a public company, Sotheby’s returns to private ownership. Patrick Drahi offered $3.7 billion for the 250-year-old auction house. The transaction would result in Sotheby’s returning to private ownership after 31 years as a public company … Read more
Ridesharing company says test flights of Uber Air’s helicopter-like ‘flying car’ will begin next year
The inaugural Walpole Power List celebrates the 50 Most Influential People in British Luxury. The inaugural Walpole Power List, in association with Inzito and Coutts, celebrates the people steering the British luxury industry sector to success. The Walpole is the unique alliance of over 180 British luxury brands, including Burberry, Harrods, Jimmy Choo, … Read more
The global personal luxury goods market reached a “new normal” pattern of growth, says Bain & Company’s report According to Bain & Company‘s new report, the future of the luxury industry is taking shape with a number of key characteristics, including Chinese Generation Z, access, ownership, sustainability and social responsibility, the impact … Read more
Rihanna and her team choose to launch the new FENTY Release with The Webster Soho. FENTY Launches Exclusive Pop Up at The Webster in New York The Webster, announced its partnership with FENTY, the new luxury Maison launched by Robyn Rihanna Fenty with LVMH in May 2019, for its first Pop Up experience … Read more
Birkin 35 sells for over double its estimate at Christie’s sale which fetched £3.4m