Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
High-end home buyers are backing off as rising interest rates, inflation, a tepid stock market and economic uncertainty make it less feasible to purchase luxury goods. Redfin Reports Luxury-Home Purchases Plummet 28%, the Biggest Drop on Record. Sales of luxury U.S. homes fell 28.1% year over year during the three months ending Aug. 31, 2022, … Read more
Burberry appoints Daniel Lee as new Chief Creative Officer. Burberry, the British luxury fashion house established in 1856 by Thomas Burberry and headquartered in London, announced that fashion designer Daniel Lee has been appointed Chief Creative Officer. Daniel will join Burberry on Monday 3 October 2022. He will be based at Burberry’s headquarters in London and … Read more
50 ultra-luxury residences to be developed in America’s most exclusive zip code. Development leader Related Group – along with partners Teddy Sagi, BH Group and Wanxiang America RE Group – closed on the purchase of Six Fisher Island Drive, the last available development site on Miami Beach’s historic Fisher Island. The deal paves the way … Read more
Guillaume Jesel Promoted to President, Global Brands, TOM FORD BEAUTY, BALMAIN BEAUTY and Luxury Business Development. The Estée Lauder Companies announced that Guillaume Jesel has been promoted to President, Global Brands, TOM FORD BEAUTY, BALMAIN BEAUTY and Luxury Business Development, effective immediately. Guillaume will report to Jane Hertzmark Hudis, Executive Group President and also to … Read more
Luxury Hotelschool Paris Invests in the Future of Recruitment for the Luxury Hotel Industry. Luxury is a dream that becomes reality as if by magic nowhere with more attention than in luxury hotels Luxury Hotelschool Paris, an international management school dedicated to the luxury hotel industry, unveils its ambitions for the new academic year and … Read more
The Estée Lauder Companies and BALMAIN are Partnering to Launch BALMAIN BEAUTY. The Estée Lauder Companies and BALMAIN have entered into a license agreement to collaboratively develop, produce, and distribute an innovative line of high-end beauty products that will speak to luxury consumers around the world: BALMAIN BEAUTY. The collaboration is expected to launch in … Read more