Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
The opening of the “Schiaparelli and Prada: Impossibile conversations” exhibition at the Metropolitan Museum in New York was the perfect moment for an important announcement for the world of fashion. Diego Della Valle, owner of Tod’s Group, intends to relaunch the iconic Italian fashion brand Elsa Schiaparelli. Della Valle purchased the rights to the Elsa … Read more
The secretive land-buying in foreign countries in the last decade became a major trend that involved governments, private and public companies. According to a report published by the Land Matrix project, the drive for land acquisition is a global trend that already has considerable impacts. The database on which the report is built, the largest … Read more
Jumeirah’s First European Resort is now Open Jumeirah global luxury hospitality group has celebrated the opening of its first European resort – Jumeirah Port Soller Hotel & Spa. The latest addition to Jumeirah’s portfolio of luxury spa hotels is nestled on the bay of Sóller in Mallorca, Spain, a small fishing village famous for its … Read more
Humphrey Bogart vs Burberry: Bogart sues Burberry over ‘Casablanca’ photo A photo of legend Humphrey Bogart wearing one of Burberry trenchcoats in the movie “Casablanca” caused a scandal among the Bogart Estate. The ‘Casablanca’ photo was used by Burberry in the context of a historic “timeline” of the company, used on Facebook, Twitter and Instagram. … Read more
Estée Lauder Companies Third Quarter Earnings Per Share Rise to $.38, before Restructuring Activities Underlying Sales Growth Remains Solid For the quarter, The Estée Lauder Companies reported net sales of $2.25 billion, a 4% increase compared with $2.17 billion reported in the prior-year quarter. Excluding the impact of foreign currency translation, net sales increased 5%. … Read more
LVMH acquires Les Tanneries Roux LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, acquired quality leather maker Les Tanneries Roux. Founded in 1803 and based in Romans-sur-Isère. This acquisition reflects LVMH’s strategy to develop its expertise as already demonstrated by the creation of “Les tanneries de la Comète” in 2009 and by … Read more