Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Just like pretty much everything, sales of luxury goods were also affected by Covid-19. However, due to the recent news (Lifting of restrictions, vaccines, etc), an almost 29 percent increase has been noticed in the sales of luxury goods. Especially in luxury handbags. As reported by Bain & Company, who happened to be a … Read more
LVMH announces 2021 LVMH Innovation Award winners at 2021 Viva Technology. For the first time in the history of the competition, six startups received awards, instead of three in previous years. In an era of unprecedented digital acceleration, each of these startups embodies excellence in its particular area of expertise, with products or services … Read more
LVMH and Google Cloud Create Strategic Partnership for AI and Cloud-Based Innovation. LVMH, the biggest luxury group in the world, and Google Cloud announced a strategic partnership to develop new cloud-based artificial intelligence (AI) solutions. Both companies will join forces to empower LVMH’s Maisons—the company’s individual luxury brands—to create new, personalized customer experiences that foster … Read more
Jaguar Land Rover is developing a prototype hydrogen fuel cell electric vehicle. Hydrogen fuel cell electric vehicle (FCEV) prototype to begin testing in 2021. Since 2018, the global number of Hydrogen fuel cell electric vehicles (FCEVs) on the road has nearly doubled while hydrogen refuelling stations have increased by more than 20%. … Read more
Re-engineered for an electric future: David Beckham announced as investor in Lunaz Electric Car conversions. By 2030 when internal combustion engine (ICE) bans in major markets come into effect, more than 2 billion conventionally powered vehicles will exist on the planet. Remanufacturing, upcycling and electrification can prevent a large proportion of these vehicles from … Read more
Read our guide to the best 2021 yacht shows, including the upcoming Cannes Yachting Festival, the Monaco Yacht Show, and the Fort Lauderdale Boat Show. We may already be halfway through the year, but the biggest 2021 yacht shows are still to come. The Cannes Yachting Festival, the Monaco Yacht Show, and the … Read more