The worldwide luxury industry surpassed €1 trillion in retail sales value in 2015 and delivered healthy growth of 5% year over year (at constant exchange rates), driven primarily by luxury cars (8%), luxury hospitality (7%) and fine arts (6%), according to the 14th edition of the Bain Luxury Study, published by Bain & Company for … Read more
British manufacturer of luxury, handmade mobile phones Vertu and luxury car brand Bentley announced a new product that complements the lifestyle and aspirations of discerning and sophisticated customers. New Signature Touch for Bentley smartphone is the third phone of a five-year partnership: the first was a Vertu for Bentley Signature Touch smartphone launched in October 2014, … Read more
The private equity arm of the largest luxury conglomerate merges with Catterton. Rather than compete, LVMH luxury giant, buyout firm Catterton and Groupe Arnault, the family holding company of Bernard Arnault, announced a partnership for investments. The new partnership will combine Catterton’s existing North American and Latin American private equity operations with LVMH and Groupe … Read more
Nearly Half of Americans Will Have Smart Home Technology by the End of 2016. Survey. 2016 is the year smart home technology will be mainstream. Almost half (45 percent) of all Americans either own smart home technology or plan to invest in it in 2016, according to the Coldwell Banker Smart Home Marketplace Survey, which … Read more
Bugatti and Palmer Johnson launch joint luxury yacht project. Flowing surfaces and lines create a perfect equilibrium between elegance and sportiness. The makers of the world’s fastest production super sports car, Bugatti, and the world’s largest motor yacht builder, Palmer Johnson, launched joint luxury yacht project called Niniette. The new series of carbon-fibre sport yachts is … Read more
Pirelli has a bit of a gear change with Annie Leibovitz’s portraits. Plus a high-speed tour of Art Basel Miami Beach, and how Donald Trump the pottymouth sparked an art movement – all in your weekly art dispatch