Business

Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.

Global Bridal Wear Market to Reach US$69.9 Billion by the Year 2026. Study.

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According to a new market study published by Global Industry Analysts, a premier market research company, the wedding industry globally remains buoyant owing to unwavering demand and increasing number of millennials attaining marriageable age.  “Bridal Wear – Global Market Trajectory & Analytics”. report presents fresh perspectives on opportunities and challenges in a significantly transformed post … Read more

Airbus showcased sustainable aerospace ambition at Singapore Airshow 2022

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Airbus – one of the largest exhibitors at the 2022 Singapore Airshow. Airbus was one of the largest exhibitors at the 2022 Singapore Airshow, showcasing its latest products, services and its commitment to sustainable aerospace. Held every two years, this year’s show took place from 15 to 18 February at the Changi Exhibition Centre. Taking … Read more

Kering’s Girard-Perregaux and Ulysse Nardin have new owners

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Kering announces the sale of Girard-Perregaux and Ulysse Nardin to their management. Kering is selling its entire stake (100%) in Sowind Group SA, which owns the Swiss watch manufacturers Girard-Perregaux and Ulysse Nardin, to its current management. A global Luxury group, Kering manages the development of a series of renowned luxury Houses in Fashion, Leather … Read more

Richard Branson’s hotel group has announced historic expansion into the United Kingdom

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Virgin Hotels to debut two U.K. hotels & a new-build hotel in New York City in 2022. The portfolio expands with three new hotels that are slated to open through 2022, including five hotels that have already debuted in the U.S. Virgin Hotels, the lifestyle hotel brand by Virgin Group founder Sir Richard Branson, has … Read more

Zegna’s first financial release as a publicly listed company is exceeding plan

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Zegna’s first financial release as a publicly listed company confirms the luxury brand as a global leader in the luxury market. Zena’s focus on innovation and the strong customer response to the luxury brand’s luxury leisurewear, resulted in a preliminary full year revenues outpacing our previously disclosed Plan. For its Fiscal Year 2021, the Zegna … Read more

Black History Month: high-end fashion retailer is celebrating Black-owned, Black-founded and Black Food Culture

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Nordstrom honors black experiences in celebration of Black History Month 2022. This year in honor of Black History Month, the fashion retailer Nordstrom honors Black culture by highlighting employee stories, celebrating Black-owned and Black-founded brands and creating experiences to engage customers and local communities. In February and throughout the year, Nordstrom features the stories of … Read more