Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
All newly launched architectures will be electric-only from 2025 onwards. In 2025 Mercedes-Benz will launch three electric-only architectures. Mercedes-Benz to install battery cell capacity of more than 200 Gigawatt hours with partners, plans for eight Gigafactories. Mercedes-Benz is getting ready to go all electric by the end of the decade, where market conditions … Read more
Violette becomes Guerlain Creative Director of Makeup. With her creativity, daring, Parisian chic, eye for high standards and genuine sense of commitment, Violette seemed destined to join a House synonymous with French beauty and constant innovation, still emphasizing modernity despite being over 190 years old. “My story with Guerlain is really the story of … Read more
The world’s first plant-based luxury accessory brand launches into Selfridges ar part of Project Earth Initiative. The revolutionary sustainable fashion brand Marici launched exclusively into Selfridges as part of their ‘Project Earth’ luxury designer edit this July. Inspired by the ideas of re-birth and evolution, paving the way forward with their trailblazing ethics … Read more
New Electric Aircraft Set to Take Flight by 2026. United Airlines acquires 100 of Heart Aerospace’s ES-19 aircraft, a 19-seat electric airliner that has the potential to decarbonize regional air travel. United Airlines Ventures (UAV) along with Breakthrough Energy Ventures (BEV) and Mesa Airlines, has invested in electric aircraft startup Heart Aerospace. Heart Aerospace … Read more
We are witnessing a historical moment… One of the Earth’s oldest and rarest treasures was purchased using humanity’s newest universal currency. An anonymous buyer purchases exceptional 101.38-carat Pear-Shaped D Colour Flawless Diamond for HK$95.1m/ US$12.3m. Crypto rocks: Sotheby’s sells first world-class 100-carat diamond to crypto-buyer This month, another milestone was reached in the adoption … Read more
Prada Group and Ermenegildo Zegna have always pursued direct control of the entire supply chain to ensure uncompromising quality at every stage of the production process. Prada Group and Ermenegildo Zegna Group announce the acquisition of the majority shareholding in Filati Biagioli Modesto S.p.A., a company based in Montale (Pistoia), which for over … Read more