A new financing round grants pre-owned luxury platform unicorn status

  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

Walpole welcomes a new cohort of luxury creative entrepreneurs to the 2021 Brands of Tomorrow

  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

Brand Approved: What Alexander McQueen is doing for the durability of luxury fashion

    A new fashion initiative challenges our linear economy and sets a new and more sustainable standard for the future. Alexander McQueen and Vestiaire Collective announce a collaboration aimed at empowering a move towards circular practices. Alexander McQueen and Vestiaire Collective announced a pioneering collaboration. Supported by innovative technology, the collaboration marks the launch … Read more

Silk-FAW Joint Venture to launch full electric and hybrid Hongqi S luxury models

    The Silk-FAW partnership is the first joint venture between China and Italy in the super premium and premium auto segments with a commitment of more than €1 billion. Italian car designer Walter De Silva is designing the Hongqi ‘S’ series. Silk EV, an international automotive engineering and design company, and FAW, China’s largest … Read more

Airstream’s new luxury office trailer lets you take your workplace on the road

    Flying Cloud 30FB Office: Airstream‘s new luxury office trailer meets the needs of our times without compromise. The work landscape will forever be changed by the pandemic. With room for a family to take even longer adventures together while the parents stay connected to work, Airstream Flying Cloud 30FB Office is made for … Read more

The world’s leading luxury products group saw its revenue decline by 17%. What is the recipe for good resilience

  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