Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Hans Dorsinville Appointed Senior Vice President, Global Creative, BALMAIN BEAUTY. In September 2022, The Estée Lauder Companies Inc. and BALMAIN announced a license agreement to collaboratively develop, produce, and distribute an innovative line of beauty products that will speak to luxury consumers around the world: BALMAIN BEAUTY. The collaboration is expected to launch in fall … Read more
Saks Luxury Pulse Finds Consumers Have Appetite to Spend on Luxury. Saks, the premier digital platform for luxury fashion, has unveiled its latest Saks Luxury Pulse survey of luxury shoppers with key insights on brand’s luxury consumers. The luxury ecommerce platform offers the best of luxury, and leverages the Saks Luxury Pulse to better serve … Read more
Kering is the French-based parent company of luxury clothing, apparel, and other high-end brand goods such as Gucci, Balenciaga, Yves Saint Laurent, Bottega Veneta, and Alexander McQueen. Gucci watches, wallets, and handbags are among the luxury brand’s best-selling products. At the end of 2022’s fourth quarter, sales for the company decreased by 7% due to … Read more
Luxury Promise opens Europe’s largest pre-owned department store in London. Officially opened by the Mayor of London, Sadiq Khan, Luxury Promise is celebrating its graduation from the Walpole Brands of Tomorrow 2022 programme by launching Europe’s largest pre-owned department store in the heart of London’s Mayfair. As the company prepares to graduate from the Walpole … Read more
LVMH luxury group intends to further strengthen its lead in experiential luxury. Sardegna Resorts, a Smeralda Holding Company wholly-owned by Qatar Investment Authority (“QIA”), has signed agreements with LVMH Hospitality Excellence, to manage two of the most renowned and exclusive hotels in Costa Smeralda. LVMH Hospitality Excellence belongs to the world’s leading luxury group LVMH … Read more
Louis Vuitton appoints Pharrell Williams as its new Men’s Creative Director. Louis Vuitton is delighted to welcome Pharrell Williams as its new Men’s Creative Director, effective immediately. His first collection for Louis Vuitton will be revealed this June during the Men’s Fashion Week in Paris. Pharrell Williams is a visionary whose creative universes expand from … Read more