Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
ITF World Tennis Tour Set To Offer Over 1000 Events in 2022. The International Tennis Federation (“ITF”) published the ITF World Tennis Tour (“World Tennis Tour”) calendar for the first quarter (“Q1”) 2022 and is set to provide over 1000 tennis events over the course of next year. The first quarter calendar in … Read more
Bold By Veuve Clicquot Awards encourages generations of women to be more daring than ever. Veuve Clicquot announced the winners of the Bold Woman Award and the Bold Future Award. Bold Woman Award and the Bold Future Awards heighten the visibility of accomplished women business leaders. Veuve Clicquot announced the winners of the … Read more
Just as electric vehicles are having a moment, so are eco-friendly, electric boats. Specifically, an all-electric, hydrofoil, performance craft outfitted with a highly advanced autopilot. Navier is a Silicon Valley startup that’s building technology to increase the efficiency of small powerboats by 90% while ensuring zero emissions and superior ride performance. To make this … Read more
New Research Highlights Generational Shift In Attitudes Towards Provenance Of Luxury Goods. New research published this week in De Beers Group‘s latest Diamond Insight ‘Flash’ Report highlights that consumer attitudes towards provenance are changing as younger generations value ethics and sustainability assurances beyond simply knowing where a product originated. This new research by De … Read more
Farfetch Confirms Discussions With Richemont Farfetch Limited, the leading global platform for the luxury fashion industry, confirms that they are in discussions with Richemont in relation to a potential expansion of their existing Luxury New Retail strategic partnership. The parties are discussing a number of possible options, including the leveraging of Farfetch Platform Solutions … Read more
After a sharp contraction in 2020, the personal luxury goods market grew by 29% at current exchange rates to hit EUR 283 billion, increasing the size of the market by 1% versus 2019 levels. For the future, Bain & Company estimates that the personal luxury goods market could reach EUR 360-380 billion by 2025 with … Read more