Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
BMW and TYDE Develop Innovative Watercraft for Emission-Free Urban Mobility. THE ICON once again demonstrates how BMW keeps re-thinking mobility. BMW says itis revolutionizing urban mobility once again with THE ICON, a watercraft designed to provide emission-free transportation on water. In partnership with boat manufacturer TYDE and the BMW Group subsidiary Designworks, THE ICON showcases … Read more
Unmasking the Fakes: How High-End Brands are Taking on Counterfeiting. The last year Intellectual Property Crime Threat Assessment, produced jointly between Europol and the European Union Intellectual Property Office (EUIPO), reveals that the distribution of counterfeit goods has been thriving during the COVID-19 pandemic. The health crisis has presented new opportunities for trade in counterfeit … Read more