Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
“Emerging Brands Award – Believing in the Future” initiated by Fondazione Altagamma, the Italian luxury brand committee, is the first Italian mentorship program dedicated to the emerging luxury brands of the Cultural and Creative industries. The Award is aimed at all Italian high-end companies, on the luxury market for no more than 10 years, which … Read more
Cuts to funds mean only rich students can afford courses, so stifling creativity, says British Fashion Council
Shiseido Americas announced agreement to acquire Gurwitch Products, a marketer of global prestige cosmetics and skincare brands. Annual net sales for Gurwitch totaled $175 million in the fiscal year ending 2015. Under the terms of the agreement, Shiseido Americas will acquire 100% of the membership interests in Gurwitch, including Gurwitch’s portfolio of leading prestige brands: … Read more
Bulgari Hotels and Resorts to bring the luxury hospitality brand to Moscow. There will be magnificent views of the Moscow rooftops and of the Kremlin. Jean-Christophe Babin, Chief Executive Officer of Bulgari Group and Russian investor Alexey Bogachev signed an agreement to open a Bulgari Moscow hotel in 2019. The new property will stand as … Read more
Château de Pommard Restores Clos Marey-Monge Designation. French Château de Pommard has existed for 300 years, thanks to the Micault family, one of the oldest in Pommard, the comune in the Côte-d’Or department of Burgundy in eastern France, famous for its Côte de Beaune wine production. As a counsellor of King Louis XV, Vivant Micault … Read more
Italian fashion house is latest luxury brand to suffer from economic slump in emerging markets and tourists’ terrorism fears