Business

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

It’s Time For Takeoff. Venus Aerospace Is Building The Fastest, Reusable, Hypersonic Aircraft Ever Designed

by

Stargazer is Earth’s first hypersonic, reusable aircraft. No one has ever built an engine that makes one-hour global transport cost-effective. Until now.​ Hypersonic travel is no longer a thing of science-fiction. With the advancements in technology, hypersonic travel has become a reality. The Texas-based Venus Aerospace is developing a hypersonic aircraft named “Stargazer,” which has … Read more

Bremont’s New CEO Brings Extensive Industry Experience To The Table

by

Bremont, Britain’s largest manufacturer of luxury watches, today announced that it has appointed industry veteran Davide Cerrato as CEO and a member of the Board. Bremont’s bold move to strengthen in-house capabilities with new CEO appointment. Bremont, Britain’s largest manufacturer of luxury watches, has recently announced the appointment of Davide Cerrato as CEO and a … Read more

The $2.25 billion Tom Ford Has A New Owner and A New Creative Director

by

The Estée Lauder Companies Completes Acquisition of the Tom Ford Brand. The Estée Lauder Companies Inc. has completed its acquisition of the TOM FORD brand and is now the sole owner of the TOM FORD brand and all its intellectual property. ELC’s stewardship and its licenses with Ermenegildo Zegna N.V. (Zegna Group) and Marcolin Group … Read more

eBay’s new Certified by Brand Platform Expands Luxury Offering

by

Maximize Your Revenue: Learn How Certified Inventory Can Benefit Your Luxury Brand. eBay’s New Platform Brings High-End and Luxury to Your Fingertips. eBay has announced the launch of its new Certified by Brand program, aimed at expanding the platform’s luxury offering and scaling brands’ presence in the secondary luxury market. The program partners directly with … Read more

Diamond Facts And Myths: Common Misconceptions About the Diamond Industry

by

Natural Diamond Council, the authoritative resource on natural diamonds, has released its 2023 analytical report entitled, Diamond Facts: Addressing myths and misconceptions about the diamond industry. Through this report, the Natural Diamond Council (NDC) has set out to address misinformation about both natural diamonds and laboratory-grown diamonds. The Natural Diamond Council has released a report, … Read more

LVMH Makes History With Market Value Exceeding $500 Billion

by

LVMH becomes first European firm to reach market value of $500 billion. European luxury conglomerate LVMH breaks record with $500 billion market value. It’s worth noting that market values can fluctuate rapidly based on a variety of factors, including changes in market conditions, company performance, and global events. Luxury goods company LVMH / LVMH Moët … Read more