Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
LVMH strengthens its position in jewelry with the acquisition of Pedemonte. LVMH Group announces the acquisition, from the Equinox III SLP SIF investment fund, of the Pedemonte Group, a jewelry producer present in Italy and France. This strategic operation for the Watches & Jewelry Division and its jewelry Maisons will allow the Group to significantly … Read more
Strength of the U.S. dollar and rising costs of living have U.S. affluent buyers looking abroad for their dream home, according to new Coldwell Banker Global Luxury data. Whether it is the desire for warmer weather, better prices or experiences around the world, wealthy U.S. buyers want to move abroad. According to a recent survey … Read more
Paco Rabanne and Vestiaire Collective launch a unique partnership. Paco Rabanne x Vestiaire Collective: Long Live 1969. A timeless design, crafted entirely from a seamless surface of metal discs, the 1969 Paco Rabanne bag is made to last forever. Vestiaire Collective, the leading global platform for desirable pre-loved fashion, has teamed up with legendary fashion … Read more
Economic and political reforms are helping transform sentiment towards Kazakhstan – attracting prominent investors as well as businesses, with satellite company OneWeb, Sotheby’s International Realty, and US technology group Honeywell the latest companies to commence operations in the country. International investors Franklin Templeton, VPE Capital, Vedra Partners, and Sotheby’s International Realty, are among a growing … Read more
All the winners at the Walpole British Luxury Awards 2022. From The Macallan to Mulberry via Edward Sexton and Thomas Heatherwick, see all the stellar brands and individuals who took home trophies at the Walpole British Luxury Awards 2022 here… The Walpole British Luxury Awards 2022 took place at The Dorchester in London on Monday … Read more
In the first six months of the financial year, Richemont luxury Group, the parent company for Buccellati, Cartier, Van Cleef & Arpels, and Montblanc among others, reported another set of strong results as the momentum seen in the first quarterof the financial year continued into the second quarter. Sales from continuing operations increased by 24% … Read more