LVMH becomes first European firm to reach market value of $500 billion. European luxury conglomerate LVMH breaks record with $500 billion market value. It’s worth noting that market values can fluctuate rapidly based on a variety of factors, including changes in market conditions, company performance, and global events. Luxury goods company LVMH / LVMH Moët … Read more
Hublot and Depeche Mode partner again for a greener future. The luxury Swiss watchmaker has had a long-standing partnership with the English electronic band Depeche Mode. The collaboration started in 2010 and has resulted in several limited edition timepieces inspired by the band’s music and aesthetic. Since their first partnership in 2010, Hublot and Depeche … Read more
Burberry announced that it has entered into an agreement to acquire a business from longstanding Italian supplier, Pattern SpA. Burberry’s newly acquired operations will remain at the current site in Turin, Italy. This acquisition includes employees, equipment and inventory. The agreed price is EUR 21m subject to closing conditions and standard adjustments. For almost two … Read more
At Auto Shanghai 2023, Lexus celebrated the world premiere of the all-new Lexus LM. Beginning with the key luxury MPV market of China, the second-generation LM will be launched in over 60 countries worldwide, including for the first time in Europe and Lexus’s home market of Japan. The first-generation Lexus LM was launched in 2020 … Read more
Hermès Sales Soar: All Lines Report Impressive Momentum. Hermès Lines Hit a Home Run: Strong Momentum Across the Board. The Hermès luxury group has released their financial report for the first quarter of 2023. In this report, they reveal that their consolidated revenue reached €3,380 million, which is an increase of 23% at constant exchange … Read more
UK’s Luxury Authority Welcomes Three New Members. The Walpole, UK’s luxury industry, announced three new members: historic Chesterfield-crafter Fleming & Howland, storied hatmaker Christys’ Hats, and Rocco Forte Hotels’ The Balmoral. UK’s Luxury League Scores Three Big Wins with New Members. Walpole is a trade association that represents the British luxury industry. Founded in 1992, … Read more