Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
The concept of fluidity has become a guiding principle in how the new generations redefine the world and experience it. YOOX expands online marketplace with the launch of new home décor + art category. The marketplace, which launched in January 2022, signals YOOX NET-A-PORTER’s broader transition to a hybrid operating model, designed to enhance the … Read more
Tiffany & Co. debuts LVMH’s first ever U.S. registered apprenticeship program. Tiffany & Co. works with the U.S. Department of Labor to kick-off LVMH’s first ever U.S. registered apprenticeship program. Tiffany & Co. worked with the U.S. Department of Labor to kick-off LVMH’s first ever U.S. registered apprenticeship program as part of National Apprenticeship Week. … Read more
“The nouvelle vague – the new wave – of the luxury goods market will demand evolution amid disruption, adaptation amid uncertainty, and an expansion of creativity in all of the basics – all while new trends and concepts develop”, said Claudia D’Arpizio, a Bain & Company partner and leader of Bain’s Global Luxury Goods and … Read more
eBay Opens Store in NYC that Accepts Pre-Owned Luxury as Currency. Open during Jewelry Week in the heart of New York’s iconic Diamond District, the eBay Luxury Exchange capitalizes on the skyrocketing value of authenticated luxury items by letting shoppers exchange jewelry, handbags and watches from top brands like Gucci, Rolex, and Van Cleef & … Read more
Riyadh and Jeddah debut with promising city brand assets. Riyadh and Jeddah feature as first time entrants in Saffron’s City Brand Barometer 2022. Abu Dhabi signals the rise of Middle Eastern city brands, leaping from a 2020 One to Watch to a Top 20 Challenger in Saffron’s first tourism ‘City Brand Barometer’ post-pandemic. Dubai remains … Read more
Transaction values Tom Ford at $2.8 billion. Ermenegildo Zegna Group and Marcolin enter long-term license agreements for TOM FORD fashion and TOM FORD eyewear, respectively. Zegna Group will acquire operations of the TOM FORD fashion. The Estée Lauder Companies announced today that it has signed an agreement to acquire the TOM FORD brand, a global … Read more