Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
The leading global platform for desirable second-hand fashion announces a new €178m (US$ 216m) financing round. Following a strong year that saw the platform’s transaction volume grow over 100% year-on-year, this financing round grants Vestiaire Collective unicorn status and ideally positions it for its next cycle of accelerated growth. Since its inception in … Read more
From the biotech firms behind the first mRNA vaccines (Pfizer-BioNTech and Moderna) to a real estate developer creating high-quality affordable housing (Stablegold Hospitality), the World’s 50 Most Innovative Companies list compiled by Fast Company addresses a society remade by COVID-19. “Many of them pioneered business models that are now accelerating: Peloton and Zwift, for … Read more
Kering Americas and The James Beard Foundation Support Gender Equity In The Culinary Industry. Kering Americas is pleased to announce a donation to the James Beard Foundation to support women-owned restaurants that have been impacted by the pandemic. The initiative was launched during the International Women’s Day. Restaurants owned by women are being disproportionately … Read more
The Lauren Look: Ralph Lauren’s first subscription apparel rental. The idea is to offer consumers an innovative new channel to experience, engage and ultimately shop the luxury fashion brand. Ralph Lauren announced the introduction of ‘The Lauren Look,’ the Company’s first subscription clothing rental initiative, with the Lauren Ralph Lauren brand. Ralph Lauren is … Read more
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