Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
LVMH enters 2021 with cautious confidence and sets an objective of reinforcing its global leadership position in luxury goods. LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of 44.7 billion euros in 2020, down 17%. In a very turbulent context not only for the luxury industry, LVMH group showed … Read more
January 21st marks an exciting milestone for Mytheresa luxury online platform. MYT Netherlands Parent B.V., the parent company of the Mytheresa Group GmbH, celebrated its debut on the New York Stock Exchange (“NYSE”) as a publicly traded company with the stock beginning to trade under the ticker symbol “MYTE” Mytheresa is … Read more
The controlling shareholder of Kering Luxury Group continues expansion in fashion apparel and new categories with strategic investment in GOAT Group. GOAT Group (GOAT), the global platform for high-end products from the past, present and future, has secured a strategic investment from Groupe Artemis, the controlling shareholder of Kering, which is a world … Read more
Raffles Milano, one of the most exclusive fashion and design schools in the world, located in the heart of Milan, is awarding 30 scholarships up to 50% of tuition fee for master courses in Fashion design and Business, Photography, Visual design and Communication, Product and Interior design starting in November 2021. Unlike traditional … Read more
United Stated has suspended plans to impose tariffs of 25 percent on French high-end goods. Trade War is over? The United States Won’t Tax French Luxury Goods by 25%. The United Stated announced that it has suspended plans to impose tariffs of 25 percent on French luxury goods, due to take effect in response … Read more
The Americas remained Bentley’s number one region although a strong performance in China, posting an increase of 48 per cent, ran it close. Introduction of all-new Bentley Flying Spur a significant contributor to results. Bentley Motors announced total sales of 11,206 in 2020, an increase of two per cent over 2019. Although the pre-COVID … Read more