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