Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
South African Brands Dominate Ranking of Africa’s Most Valuable. MTN retains title of Africa’s most valuable brand, brand value US$2.7 billion. Capitec Bank overtakes Vodacom as Africa’s strongest brand, Brand Strength Index (BSI) score 89.2 out of 100. South African brands dominate the Brand Finance Africa 150 2021 ranking once again, with the … Read more
Jony Ive and Marc Newson’s LoveFrom to design for Ferrari. Ferrari x LoveFrom to explore creative projects with Exor in the business of luxury. Jony Ive and Marc Newson’s design studio LoveFrom is teaming up with Ferrari. Exor, the leading diversified holding company controlled by the Agnelli family, and Ferrari announce a long term, … Read more
Total value of world’s top 50 most valuable luxury and premium brands down 3%, from US$227.1 billion in 2020 to US$219.5 billion in 2021 Porsche retains top spot, brand value US$34.3 billion. Apparel brands dominate ranking, with 30 brands featuring and accounting for 62% of total brand value, but brand values suffer due … Read more
With the addition of Château Grand-Pontet, a Grand Cru Classé, Château Quintus becomes one of Saint-Emilion’s largest wine properties. Quintus brand grows with the acquisition of its close neighbour, Château Grand-Pontet. Established in 2011, Château Quintus released its 10th vintage this past year, with its highly acclaimed 2020. The history of Quintus is closely linked … Read more
More than 10,000 Boeing airplanes fly throughout the world with integrated China-built parts and assemblies. Leading global aerospace company Boeing forecasts that China’s airlines will require 8,700 new airplanes by 2040, valued at $1.47 trillion, to meet expanding commercial air travel demand. The 20-year forecast reflects the China aviation market’s rebound and further … Read more
Sonia Rykiel to enter G-III Apparel Group portfolio of fashion brands. G-III Apparel Group announced an agreement to purchase European luxury fashion brand Sonia Rykiel. The transaction leverages G-III’s existing management capabilities and supply chain expertise to globally scale the Sonia Rykiel brand. Sonia Rykiel is known as one of the leading figures of … Read more