Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Kering acquires family-owned Danish luxury eyewear company. Kering Eyewear acquires the Danish luxury eyewear brand Lindberg, a family-owned Danish eyewear company, renowned and awarded for its exceptional titanium optical frames, design, innovative and patented technology and impeccable craftsmanship. According to Kering luxury group, the high-end brand has a unique positioning and solid growth … Read more
Saudi Arabia Purchases a 30 Percent Stake in Pagani Automobili through sovereign wealth fund. Public Investment Fund (PIF), one of the world’s largest and most impactful sovereign wealth funds, is the economic engine of the Saudi Vision 2030, driving the diversification of Saudi Arabia’s economy. Founded by Horacio Pagani in 1992, Pagani is … Read more
IHG’s new Vignette Collection is a compelling way to welcome world-class independent hotels into a high-end hospitality brand portfolio. IHG Hotels & Resorts announced Vignette Collection as its new Luxury & Lifestyle brand, with hotels in Australia and Thailand the first to join the collection. Whether it’s a city haven, sun-kissed resort, or beyond, … Read more
Deloitte AI Institute Unveils the Artificial Intelligence Dossier, a Compendium of the Top Business Use Cases for AI. Report examines the most compelling ways businesses can use AI today and in the future across six major industries. The Deloitte AI Institute unveiled a new report that examines the most compelling business use … Read more
Get there 5X Faster: Hermeus Quarterhorse jet is building the world’s fastest aircraft. Less time on the plane, more time on the ground. At these speeds – over 3,000 miles per hour – flight times from New York to London will be 90 minutes rather than seven hours. Mach 5 aircraft have the … Read more
Gucci retains the top position as Italy’s most valuable brand for the third year. Despite a turbulent year, and the threat of a lasting economic recession, the Kantar BrandZ Most Valuable Italian Brands ranking has risen by 11%, to reach a total brand value of $114.6 billion. Gucci retains the top position as … Read more