Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Ferrari’s Capital Markets Day puts emphasis on employees, electrification, and carbon neutrality by 2030. Ferrari’s Capital Markets Day drew to a close this week, as investors, media and financial analysts were presented with the strategic plan for 2022-2026, and the actions the company intend to take to embrace the opportunities ahead. The 2018-2022 business plan … Read more
Apple Regains World’s Most Valuable Brand Status. Apple sits on top of the Kantar BrandZ Most Valuable Global Brands 2022 ranking and is on track to become the first trillion-dollar brand. With a brand value of $947.1bn, Apple stands out for its high degree of differentiation and continued diversification across its hardware, software and services … Read more
Cartier and Amazon File Two Joint Lawsuits Against Counterfeiters Using Social Media to Traffic Counterfeit Luxury Goods. Amazon and Cartier announced two joint lawsuits against a social media influencer and eight businesses (collectively, the “defendants”) for advertising, promoting, and facilitating the sale of counterfeit luxury goods through Instagram and other websites, infringing on Cartier’s registered … Read more
Global Fashion Summit: Copenhagen Edition is the epicentre for sustainability in fashion. Illustrious brands and organisations launch new initiatives to accelerate impact. Hosted in the grand setting of the Royal Opera House, Copenhagen, on 7-8 June, the sustainable fashion event convened over 900 leaders from brands, retailers, NGOs, policy, manufacturers, and innovators to drive urgent … Read more
Luxury-Home Sales Sink 18%, the Biggest Decline Since the Start of the Pandemic. Redfin analysis finds the luxury-housing market is cooling down amid a slumping stock market, rising mortgage rates and economic uncertainty. Sales of luxury U.S. homes fell 17.8% year over year during the three months ending April 30, the largest drop since the … Read more
World’s First 100% Solar-Powered LGD Producer Completes $90 Million Investment Round from LVMH Luxury Ventures and Other Key Investors. LUSIX, a leading producer of lab-grown diamonds (LGD), announced that high-profile investors, including LVMH Luxury Ventures, Ragnar Crossover Fund and More Investments, have completed an investment round of $90 million. The Company will use this investment … Read more