Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Burberry announced that it has entered into an agreement to acquire a business from longstanding Italian supplier, Pattern SpA. Burberry’s newly acquired operations will remain at the current site in Turin, Italy. This acquisition includes employees, equipment and inventory. The agreed price is EUR 21m subject to closing conditions and standard adjustments. For almost two … Read more
Hermès relocated its store in Hamburg. Hermès opens its new store in Hamburg, a contemporary destination reinforcing the house’s presence at the heart of the hanseatic city. Hermès has recently opened its doors to a new store in Hamburg, a contemporary destination that reinforces the luxury brand’s presence at the heart of the Hanseatic city. … Read more
Prada Group announced a major plan to recruit over 400 people by the end of 2023, to strengthen its production capacity and craftsmanship expertise in Italy. The hires will further reinforce the Group’s strong industrial strategy, one of its distinct competitive advantages. The investment plan, designed to develop the luxury Group’s facilities and its commitment … Read more
After France, Métiers d’Excellence LVMH tour is seeking fresh artisan talents in Italy. LVMH’s Métiers d’Excellence encompass over 200 Creative, Craft and Client Experience métiers with unique savoir-faire that are indispensable to the success of the Group and our Maisons. After France, the LVMH Métiers d’Excellence “You and ME” tour continues in Italy, presenting the … Read more
Hermès Sales Soar: All Lines Report Impressive Momentum. Hermès Lines Hit a Home Run: Strong Momentum Across the Board. The Hermès luxury group has released their financial report for the first quarter of 2023. In this report, they reveal that their consolidated revenue reached €3,380 million, which is an increase of 23% at constant exchange … Read more
UK’s Luxury Authority Welcomes Three New Members. The Walpole, UK’s luxury industry, announced three new members: historic Chesterfield-crafter Fleming & Howland, storied hatmaker Christys’ Hats, and Rocco Forte Hotels’ The Balmoral. UK’s Luxury League Scores Three Big Wins with New Members. Walpole is a trade association that represents the British luxury industry. Founded in 1992, … Read more