Category: Business
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Prada Continues To Invest in The High-End Pastry Sector
Prada Group announces the reopening of Caffè Principe in Forte dei Marmi, in Tuscany, a project that focuses on promoting the local region and the Italian traditions. This operation marks the continuation of the Group’s commitment to the high-end pastry sector which began 9 years ago with the acquisition of Marchesi 1824. In an exciting…
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Loyalty of Luxury Clients and Rebound in Travel Retail Propel Hermès to Exceptional Growth – What Is Selling Better?
Outstanding performance in sales and results in the first half of 2023. Leather Goods and Saddlery Business Line Outperforms. Hermès group continues the year 2023 with confidence, thanks to the highly integrated artisanal model, the balanced distribution network, the creativity of collections and the loyalty of clients. In the medium-term, despite the economic, geopolitical and…
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Kering Luxury Group to Become Valentino’s Significant Shareholder
In a landmark move that marks a significant shift in the luxury fashion landscape, Kering and Mayhoola have announced a binding agreement that will see Kering acquire a 30% shareholding in the prestigious Italian luxury house, Valentino. The cash consideration for this acquisition amounts to a staggering €1.7 billion. This partnership forms part of a…
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Beyond Fragrance: Why Are Luxury Perfume Brands Venturing into the Beetroot Sector?
What Drives Luxury Perfume Brands to Invest in the Beetroot Industry? Pour une Agriculture du Vivant: How Parfums Christian Dior, Givenchy Parfums and Kenzo Parfums support French farmers. Parfums Christian Dior, Givenchy Parfums, and Kenzo Parfums, esteemed houses within the LVMH group, are spearheading a transformative movement in the world of perfumery by joining forces…
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What Sets Tiffany & Co.’s Tokyo Flagship Renovation Apart in the Competitive Luxury Landscape?
Tiffany & Co. unveils renovated Ginza flagship store in Tokyo. How Does this Ginza Flagship Revamp Reflect Trends and Innovations in Luxury Retail? The grand opening of the much-awaited Tiffany & Co. Omotesandō store in Tokyo is set for early September 2023. Why is the unveiling of Tiffany & Co.’s renovated Ginza flagship store in…
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Tech-Infused Beauty Shopping: What Can Consumers Expect from Sephora’s Store of the Future
What Makes Sephora’s Store of the Future in Shanghai Unique? Sephora’s Store of the Future in Shanghai represents a groundbreaking leap in the world of prestige beauty retail. This innovative store offers a plethora of unique features and advanced technologies, combining them to create an immersive and personalized shopping experience for its customers. Situated in…