Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Building on the launch of BEYOND: The Future of Luxury Retail, a start-up incubation program, the co-hosts The Dubai Future Foundation and Richemont Middle East, India & Africa announced the six start-ups that will move to the prototyping phase. Selected from over 250 applications from the brightest minds around the world, the six finalists will … Read more
Group revenue: €9.9 billion, up 23% as reported and up 16% on a comparable basis. Kering’s financial result improved sharply in the first half of 2022. Group revenue in the first half of 2022 grew 23% as reported and 16% on a comparable basis compared to the first six months of 2021. Group revenue also … Read more