Global Personal Luxury Goods Market On Track For Recovery. Two possible scenarios for the luxury industry rebound in 2021. Following a turbulent year, the luxury market has started its path towards recovery. The luxury industry returned to growth in the first quarter of 2021, growing by 0-1% versus 2019, which is viewed by the … Read more
Hercules Electric Vehicles is opening a $20 million Series A investment round managed by CMD Global Partners, a boutique investment bank. Detroit, Mich.-based electric vehicle manufacturer Hercules is developing an all-electric sport pickup truck, the Hercules Alpha, which will be available in late 2022. Hercules expects to demonstrate its first drivable architectural … Read more
Mercedes GLE 450 wins the umlaut Connected Vehicles Benchmark as the most connected luxury mid-sized SUV. Mercedes ranked “Best-in-Test” in Feature Availability and User Experience. Given the surging interest in connected and autonomous vehicles and critical importance of connectivity in vehicles, umlaut conducted a comprehensive connectivity assessment of luxury SUVs. The benchmarking specialist providing … Read more
What were the driving forces behind the luxury real estate market in 2020. A new report by Coldwell Banker titled “The Report: 2021 Global Luxury Market Insights” details the top performing and emerging markets, along with shifting buyer trends during an unprecedented year. New definitions of luxury — like the intangibles of family, … Read more
A Thriving Luxury Secondhand Market Drives Sustainable Consumption. The Consumers Behind Fashion’s Growing Secondhand Market Survey Sustainability, one of the ways luxury brands can benefit from the growing resale market, says a new survey by Vestiaire Collective x BCG. Vestiaire Collective, the leading global community platform for desirable preowned fashion, and Boston Consulting … Read more
For today’s cash-strapped workers who are looking for a cost-effective way to save for a deposit and live in the location they love, houseshares are the ideal solution. As houseshares are getting more popular, more and more landlords are reviewing the benefits of turning their property into a house of multiple occupancies. If you’re looking … Read more