Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
The program supports the growth of up-and-coming brands and emphasizes BIPOC voices. Saks, the premier digital platform for luxury fashion, has launched the second year of its emerging designer accelerator program, The New Wave, presented by Mastercard. This year’s program features eight new-to-Saks brands, including Claude Kameni, KEEYAHRI, Ludovic de Saint Sernin, Nalebe, SUNNI SUNNI, … Read more
Brad Pitt launches a new business venture. Brad Pitt released a genderless skincare line made with grapes from his vineyard in France. Actor Brad Pitt, the owner of Château Miraval in Provence, said that he’d always thought about launching his own skincare line and had been approached by several brands over the years, but it … Read more
The UK Government announced the return of tax-free shopping for visitors to the UK. British politician Kwasi Kwarteng, serving as Chancellor of the Exchequer since 2022, told the House of Commons that the UK Government will put in place a “modern, digital, VAT-free shopping scheme”. This will include modernisation of the scheme in Northern Ireland … Read more
The strong luxury real estate market of the past two years will continue for the remainder of 2022 and into 2023 despite high inflation, rising interest rates and stock indexes that have posted double-digit losses on the year. That is one of the main conclusions of the new 2022 Mid-Year Luxury Trends Report recently released … Read more
Tips for Diversifying (and Increasing) Your Income One income stream is great. Two are better. And if you could generate three or four streams of income on a monthly basis . . . why wouldn’t you? Traditionally, people have gotten by with a single income source. You hired on to a 9-to-5 job, collected a … Read more
Korean cosmetics giant Amorepacific announces the acquisition of luxury clean beauty brand Tata Harper. Korean cosmetics group Amorepacific has entered into a definitive agreement to acquire Tata’s Natural Alchemy, LLC (“Tata Harper”), a pioneer in natural luxury skincare, in a move that further signals the company’s intention to continue its penetration of global markets with … Read more