Business

Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.

Experiential spending continues to rein in consumers’ dollars. Survey

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Mastercard SpendingPulse: Housing-Related Sectors Soften, Experiential Spending Drives Growth. According to Mastercard SpendingPulse, U.S. retail sales excluding automotive increased +11% year-over-year in September. E-commerce sales continue to grow, up +10.7% YOY, highlighting the ongoing demand for the convenience of digital commerce. Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and … Read more

One of the most popular seaside resorts in Senegal acquired by Sub-Saharan Africa real estate private equity platform

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Kasada Acquires the Lamantin Beach Resort & SPA in Saly, Senegal. Lamantin Beach Resort & SPA in Saly, Senegal is located along the Petite Côte, in Saly, a prominent leisure hub that attracts international and local visitors alike. It features 166 keys, meeting rooms, 2 swimming pools, a spa & wellness area, a water sports … Read more

A new Geneva campus significantly raises the bar of excellence within fragrance & taste industry

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The new campus is home to 1,450 people, including some of the world’s leading scientists, perfumery and taste creators, technicians, and operators. Firmenich, the world’s largest privately-owned fragrance and taste company, officially inaugurated its new campus in Geneva, Switzerland. This new campus, at the cutting edge of the industry from both a technology and capacity … Read more

London art market can no longer take its position for granted

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London may be able to draw on its long history and strong reputation for Fine Art sales. But it cannot ignore the energy that is today emanating from the Ultra-Contemporary and art-NFT market. Artmarket.com: Frieze London in the context of Hong Kong’s rapid growth and other art market changes observed by Artprice. After the UK … Read more

Luxury Pre-Owned Market Has Tripled in Size Since 2020, With No Signs of Slowing Down. Report.

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Fashion resale is getting bigger and bigger. Driven by Gen-Z, Preowned Clothing is Expected to Make Up 27% of the Average Resale Buyer’s Closet By 2023. The estimated value of the apparel, footwear, and accessories resale market is between $100 and $120 billion worldwide, more than three times the size it was in 2020, according … Read more

No.2 Worldwide Producer of Wines and Spirits Creates High-End Business Unit For A More Sustainable Bar Scene

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Pernod Ricard Group Announces a New Business Unit For High-end Experiences. As part of its Transform & Accelerate strategy powered by the ‘Conviviality Platform’, Pernod Ricard, the No.2 worldwide producer of wines and spirits, announced last week the creation of a new business unit. Its objective is to scaleup and expand geographically its existing direct-to-consumer … Read more