Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Show your clothes some love: Extend the life of your luxury clothes with Repair & Rewear services. The leading online retailers for luxury, fashion and style, part of YOOX NET-A-PORTER, continue to bring new services to customers as part of their circularity journey. NET-A-PORTER, MR PORTER and THE OUTNET are launching their first dedicated customer … Read more
Kering luxury group, the parent company for Gucci, Saint Laurent, and Balenciaga, Creates Luxury Beauty Division. A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry : Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, as well as Kering Eyewear. … Read more