Losses mount at Victoria Beckham’s fashion label
Former Spice Girl’s company to reveal annual operating loss of £10.2m despite 17% sales rise
Business
Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
LVMH to increase presence in the luxury hospitality with the acquisition of Belmond
LVMH, the world’s leading luxury group, will significantly increase its presence in the ultimate luxury hotel sphere. LVMH is to acquire Belmond, the owner of 46 luxury hotels, restaurants, trains and river cruise properties. LVMH will pay $25.00 per share in cash. This represents an equity value of $2.6 billion in a transaction with an … Read more
Fine Art Society sale to include works by Whistler, Gluck and Peter Blake
The gallery, priced out of New Bond Street after 142 years, is auctioning more than 300 works
Former CNN Producer Wendy Walker’s Rancho Santa Fe Estate at auction
Concierge Auctions has announced that auction bidding is now open for 6855 La Valle Plateada, a Rancho Santa Fe, California estate owned by former Larry King Live CNN Producer Wendy Walker. Originally listed for $9.2 million, the 11,155-square-foot home will sell in cooperation with Deborah Greenspan of Pacific Sotheby’s International Realty. Nestled within the … Read more
Inflation bites wealthy Britons as price rises hit luxury goods
Fine wines, oysters and fancy restaurants up by 5.9% in past year, says Queen’s bank
Auction history was made throughout November and around the globe
In November, Sotheby’s concluded a month of worldwide sales spanning New York, Geneva, London, Paris and online, with 1,675 lots sold over twelve auctions for a total of more than $1 billion. Across the auctions, nineteen lots exceeded $10 million and ten lots exceeded $20 million. From 20th- and 21st-century art to magnificent jewels … Read more