Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
“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
At the top of the new ranking by Launchmetrics, Dior dominates with a MIV of $388 million between January and June of 2022 (…) Dior who surfs on success, especially thanks to Jisoo, who serves them as a muse and whose every post is a hit. The beauty industry is more competitive than ever; there … Read more
LVMH Métiers d’Art continues its expansion and announces the creation of LVMH Métiers d’Art Japan. Founded by the LVMH luxury Group in 2015, LVMH Métiers d’Art brings together and invests in talented manufacturers and craftsmen, creating a profession unique in the world. Today, LVMH Métiers d’Art has presence in the leather, exotic skins and metal … Read more