Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
CENTRAL GROUP AND SIGNA HOLDING COMPLETE ACQUISITION OF SELFRIDGES GROUP. Following the announcement in December 2021, Central Group and Signa Holding have completed the acquisition of the luxury retailer, Selfridges Group, from the Weston Family. This transaction has created one of the world’s leading luxury department store groups, with presence in 8 countries in Europe … Read more
Firmenich Receives SBTi Approval For Net-Zero Emissions Target. Firmenich is the first company in the industry to receive approval from the Science Based Targets initiative (SBTi) for its net-zero emissions target. Firmenich, the world’s largest privately-owned fragrance and taste company, has received approval from the Science Based Targets initiative (SBTi) for its net-zero emissions target, … Read more
Thom Browne in Saint-Tropez Thom Browne, the luxury fashion brand based in New York City, opens up first shop in France in Saint-Tropez luxury resort, the coastal town on the French Riviera, in the Provence-Alpes-Côte d’Azur region of southeastern France. The American fashion designer Thom Browne is expanding his footprint with the opening of his … Read more
First used as a hotel space in 1954, Hotel Schloss Fuschl was initially constructed as a castle to serve as a country escape for Austrian royalty, with its original structure dating back to 1450. Across its fabled history the resort has been acclaimed as an exquisite, tranquil retreat for discerning travelers from film stars to … Read more
Vail Resorts Closes on Acquisition of Andermatt-Sedrun Sport AG, a Leading Swiss Resort. Vail Resorts Inc. has closed on its purchase of a majority stake in Andermatt-Sedrun Sport AG, a renowned destination ski resort in Central Switzerland that controls and operates the resort’s mountain and ski-related assets including all lifts, most of the restaurants and … Read more
This initial prototype has also been nicknamed the ‘Flying Tiger’ due to its distinctive black and gold livery, which was painted to commemorate its launch in the Year of the Tiger. Volkswagen Group China unveiled its first electric Vertical Take-Off and Landing (eVTOL) passenger drone prototype, as part of its strategy to explore and break … Read more