Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Transaction values Lanvin Group at a pro forma enterprise value of US$1.5 billion, with a combined pro forma equity value of up to US$1.9 billion. Lanvin Group, a global luxury fashion group and Primavera Capital Acquisition Corporation have entered into a definitive business combination agreement that is expected to list Lanvin Group on the … Read more
Capri Holdings Limited Appoints Emmanuel Gintzburger as CEO of Versace. Global fashion luxury group Capri Holdings Limited, Versace’s parent company, announced the appointment of Emmanuel Gintzburger as Chief Executive Officer of Versace effective September 12, 2022. Gintzburger will report to John D. Idol, Chairman and Chief Executive Officer of Capri Holdings. Gintzburger joins Versace from … Read more
Bentley Motors announced the luxury automotive marque’s financial results for 2021, complementing the company’s record sales performance during the same 12-month period. Operating profits rose to €389 million, which was €369 million more than in 2020. Turnover last year reached €2.845 billion, while an increased level of personalisation and a model mix dominated by Speed, … Read more
Walpole, the industry body for the British luxury sector, has unveiled the participants for its annual Brands of Tomorrow programme. The initiative will nurture and guide 12 of Britain’s most innovative fledging luxury companies, and provide the skills and support needed to navigate the ongoing challenges of the global pandemic and beyond. Now in … Read more
The world of business has come a long way since the First Industrial Revolution. Today we’re living in the age of the Fourth Industrial Revolution, also known as Industry 4.0, and business is bigger and faster than the pioneers of American industrialism could ever have imagined. We have all kinds of smart devices, from phones … Read more
L’Oréal Paris Women of Worth Announces Its Annual Search for the Next Generation of Nonprofit Leaders. The philanthropic program highlights, funds and supports extraordinary individuals who selflessly give back to their communities through non-profit leadership. L’Oréal Paris USA launches its 2022 Women of Worth program, calling on Americans across the nation to help name ten … Read more