LVMH strengthens its position in jewelry with the acquisition of Pedemonte. LVMH Group announces the acquisition, from the Equinox III SLP SIF investment fund, of the Pedemonte Group, a jewelry producer present in Italy and France. This strategic operation for the Watches & Jewelry Division and its jewelry Maisons will allow the Group to significantly … Read more
Antoine Arnault Becomes CEO of LVMH Holding Company The second-oldest son of billionaire Bernard Arnault is replacing the 71-year-old Sidney Toledano as chief of Christian Dior SE, the investment vehicle through which the Arnault family controls luxury goods conglomerate LVMH. Read here. What Will China’s Looser Covid Restrictions Mean for Fashion? This week, China rolled … Read more
Strength of the U.S. dollar and rising costs of living have U.S. affluent buyers looking abroad for their dream home, according to new Coldwell Banker Global Luxury data. Whether it is the desire for warmer weather, better prices or experiences around the world, wealthy U.S. buyers want to move abroad. According to a recent survey … Read more
This luxurious 34-hectare resort is Damac Group’s first project in the Maldives. The Indian Ocean resort stretches across three private islands on Bolidhuffaru Reef in South Male Atoll, accessed by an easy 20-minute speedboat ride from Male’s Velana international airport. Dubai-based DAMAC Group signs contract with Mandarin Oriental to manage luxurious resort in The Maldives … Read more
Economic and political reforms are helping transform sentiment towards Kazakhstan – attracting prominent investors as well as businesses, with satellite company OneWeb, Sotheby’s International Realty, and US technology group Honeywell the latest companies to commence operations in the country. International investors Franklin Templeton, VPE Capital, Vedra Partners, and Sotheby’s International Realty, are among a growing … Read more
This holiday season, you might find yourself in the market to gift your loved ones a designer item from their favorite luxury brand. While this is a great gift idea that anyone is sure to love, the truth is that luxury holiday gifts can be out of budget for many shoppers. Whether you’re a college … Read more