Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
eBay sold more than 200,000 luxury watches in 2020. Rolex sales increased by 4% compared to 2019. There were over 1.2 million daily live listings on average for watches in 2020. With nearly 8 million luxury watch listings created in 2020, eBay delivers additional payment features for watch transactions over $10,000. eBay, one of … Read more
With love, trust and respect, the fashion world said good-bye to fashion designer Alber Elbaz, one of the luxury industry’s “most beloved figures”. Alber Elbaz, the former creative director at French fashion house Lanvin, Guy Laroche, Geoffrey Beene, and Yves Saint Laurent, has died from Covid-19 on April 24, 2021 in Paris, France. In … Read more
Caesars Entertainment, one of the largest gaming companies in the world, shared details on its $400 million master plan investment in Atlantic City where it owns and operates three of the region’s preeminent casino destinations – Caesars, Harrah’s Resort and Tropicana Atlantic City. At Caesars Entertainment every guest is known to be treated like … Read more
World leader in luxury wines and spirits joins Clean Cargo, a global initiative dedicated to sustainable maritime transport. Moët Hennessy, world leader in luxury wines and spirits, announced its affiliation with Clean Cargo. For many years, Moët Hennessy has been shipping its products primarily by sea, one of the most environmentally friendly modes of … Read more
Total value of world’s top 50 most valuable apparel brands has declined by 8% as sector negotiates fallout from COVID-19 pandemic. Nike Does it Again Claiming Title of World’s Most Valuable Apparel Brand for 7th Consecutive Year. Nike named world’s most valuable apparel brand for 7th consecutive year, brand value down 13% to … Read more
Value of Britain’s 150 biggest brands has fallen by £30 billion in last year, as economic effects of COVID-19 ravage key brands and sectors. The total value of the United Kingdom’s top 150 brands has declined by over £30 billion or 8% of the total over the first year of the COVID-19 pandemic, from … Read more