Business

Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.

Rihanna set to become LVMH’s first black female designer – reports

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New fashion brand, expected to take Fenty name, will be major boost for diversity in industry

Luxury British skincare brand Elemis to be acquired by L’Occitane

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  The L’OCCITANE Group to Acquire ELEMIS for $900 Million. L’Occitane is making a major step forward in building a leading portfolio of premium beauty brands. Natural cosmetics group L’Occitane announced that it has entered into a definitive agreement to acquire luxury British skincare brand ELEMIS for $900 million in cash. ELEMIS is being sold … Read more

Sportswear brands expand men’s yoga ranges

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Rising popularity of yoga classes with men has led brands to transform their collections

Diamond Source Initiative: Tiffany takes a significant step for diamond transparency

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  We all want and deserve to know where their most valuable, most cherished diamond jewelry is from, and how it came to be. Beyond general assurances of “conflict free,” Tiffany believes that knowing provenance is critical to ensuring its diamonds are among the most responsibly sourced in the world. Tiffany & Co. announced that it … Read more

Rolls-Royce Motor Cars’ annual sales of 4,107 are the highest in 115-year history

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  Americas remains largest market for Rolls-Royce Motor Cars. Rolls-Royce Cars record sales of 4,107 commissions in 2018. Torsten Müller-Ötvös, CEO, Rolls-Royce Motor Cars, announced record global results for 2018 with 4,107 Bespoke commissions delivered. The all-new Rolls-Royce Phantom drove growth and the Americas region remains the biggest by far. Rolls-Royce Motor Cars, a wholly-owned … Read more