Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Brands of Tomorrow Class of 2021: Walpole unveiled the next generation of luxury businesses. Walpole, the industry body for the British luxury sector, has unveiled the 2021 participants for its annual Brands of Tomorrow programme, supported by partners Mishcon de Reya and moneycorp. The initiative will nurture and guide 12 of Britain’s most innovative … Read more
This new incubator is open to everyone, regardless of their age, background or degrees. It seeks to support projects at every stage, whether still just ideas or already marketing their products or services. L’Escalator, a new incubator created in November 2020 by Maurice Lévy, Chairman of the Supervisory Board of Publicis advertising group, aims … Read more
What were the driving forces behind the luxury real estate market in 2020. A new report by Coldwell Banker titled “The Report: 2021 Global Luxury Market Insights” details the top performing and emerging markets, along with shifting buyer trends during an unprecedented year. New definitions of luxury — like the intangibles of family, … Read more
L Catterton, the private equity firm backed by Bernard Arnault’s LVMH, has agreed to buy the German footwear group Birkenstock in a deal that values the company at about €4bn. Birkenstock brothers retain stake in the company. Global lifestyle brand Birkenstock has reached an agreement to sell a majority stake in Birkenstock Group … Read more
Nobu Hotel and Restaurant to open in Elbtower, the most exclusive destination in Hamburg, Germany. The Elbtower will be a mixed-use development destination encompassing premium office space and the Nobu Hotel and Restaurant set within the tallest high-rise in the city. Elbtower development is Northern Germany’s tallest skyscraper and became the most attractive place … Read more
Jay-Z is teaming up with the biggest luxury group. Jay-Z bought the “Ace of Spades” luxury champagne brand in 2014. Moët Hennessy, the world leader in luxury wines and spirits announced a partnership with Shawn JAY-Z Carter through the acquisition of a 50% stake in Armand de Brignac prestige champagne brand. With its striking … Read more