Business

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

For LVMH luxury group, Europe remains well oriented except for France affected by a fall in tourism

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The LVMH luxury group recorded revenue of 8.6 billion Euros for the first quarter 2016, an increase of 4%.. Louis Vuitton, Fendi, Christian Dior, Hennessy, and Bvlgari recorded an excellent performance. LVMH Moët Hennessy Louis Vuitton, the world’s leading high quality products group, recorded revenue of 8.6 billion Euros for the first quarter 2016, an … Read more

London set for more than 35,000 new luxury homes in next decade

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Developers have projects in the pipeline totalling 40m square feet and worth £77bn at 196 sites across the capital

Anthony Vaccarello at the helm of Saint Laurent

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Saint Laurent confirms Anthony Vaccarello Hire. On 1st April, Yves Saint Laurent announced the departure of Creative and Image Director Hedi Slimane. Three days later, the luxury Maison confirms Anthony Vaccarello, the creative director of Versus Versace fashion brand, as the new creation men for Yves Saint Laurent. The 36-year-old Italian-Belgian designer Anthony Vaccarello will … Read more

The Hidden Value in Mayfair’s Hidden Village

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Mayfair is fast becoming London’s hottest prime residential market, with the average local property price now reaching £4.1 million. But is there anywhere left in Mayfair that has yet to reach its full development potential? According to a new report from local agents Pastor Real Estate, there could be a great deal of unrealised value … Read more

Justin O’Shea to write a new chapter in the story of Brioni

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Justin O’Shea was appointed Creative Director at Brioni. Brioni, the Menswear couture house owned by French luxury group Kering, announced the appointment of Justin O’Shea as new Creative Director. O’Shea will assume the responsibility for the House’s collections and image effective from April 1st 2016. He joins from the online retailer mytheresa.com where he most … Read more

What objects of desire UHNWIs around the world are buying

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Investments of passion performance and global luxury spending trends. Luxury is getting a makeover, all at the speed of social media. The consumer of “luxury” is increasingly digitally-savvy, time-sensitive, socially aware, and more and more concerned about sustainability. The industry surpassed €1 trillion in retail sales value in 2015 and delivered healthy growth of 5% … Read more