Business

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

This 27-foot all-electric, hydrofoil, performance vessel will be the longest-range electric boat in the world

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  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

Diamond Insight: Younger generations more interested in ethics and sustainability as the new status in luxury

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  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

Global Platform For Luxury Fashion Industry Confirms Discussions With Richemont

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  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

The luxury industry has come roaring back, experiencing a V-shaped recovery this year. Report

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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

Coffee and juices, beverages in the catering business are greener and greener

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  Having established continual exchanges with Ho.Re.Ca. leaders in Italy and abroad, 2021 HostMilano trade fair, the world exhibition dedicated to the catering and hospitality sector, revealed that increasingly widespread awareness is dawning in professional catering on the importance of innovating by adopting more sustainable solutions. This results in the use of new machinery and … Read more

Downtown Dubai is the heart of the UAE: everything you need to know about this district to choose best property

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    On 4 January 2010 Dubai enters a new stage of its development, once again confirming the status of one of the most dynamically developing business and tourist centers on the planet. On this day, the grand official opening of the “Dubai Tower” – the tallest building on Earth – the Burj Khalifa skyscraper … Read more