Search results for: “luxury retail”
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BFC/Vogue Designer Fashion Fund 2021 continues to champion young designers
The British Fashion Council (BFC) announced the shortlisted designers for the BFC/Vogue Designer Fashion Fund 2021 (BFCVDFF). The shortlisted designers will be interviewed by the Fund Judging Committee this coming March with the winner/s announced in May. The the shortlisted designers for the BFC/Vogue Designer Fashion Fund 2021 (BFCVDFF) are: Alighieri, ASAI, Bethany…
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Meet the 671 bhp 2022 Artura – The High-Performance Hybrid Supercar from McLaren
McLaren unveiled all-new, next-generation High-Performance Hybrid supercar – the McLaren Artura. The McLaren Artura is the first model built on the new McLaren Carbon Lightweight Architecture (MCLA), which sets new standards for advanced and flexible chassis design and has been optimised for hybrid applications through bespoke battery compartment, domain-based ethernet electrical architecture, as…
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Annual Results: L’Oréal Luxe Division outperformed the market, especially in skincare
L’Oréal Group announced it accelerates growth in the fourth quarter, reinforces its market shares, and preserves its profitability at 18.6%. In 2020, the Covid-19 pandemic triggered a crisis of supply due to the widespread closure of points of sale which led to an unprecedented, if temporary, decline of the beauty market. “Throughout the…
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Despite Covid-19 crisis, diamond industry still managed to keep its sparkle. Report
Diamond industry suffered during the Covid-19 crisis but fared better than the personal luxury market overall. Report Diamond industry poised for rebound in 2021. Lockdowns, travel restrictions and economic uncertainty pushed diamond jewelry sales down by 15 percent in 2020 with most of the decline happening in the first and second quarters. But…
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More At-Home Drinkers, Younger Drinkers and Cocktails at Bars: Top Cognac Trends of 2021
Cognac Educators Share 2021 Trend Predictions: Cognac Consumers took the time to educate themselves on the cognac category. The Bureau National Interprofessionnel du Cognac (BNIC)—the entity promoting, protecting and developing the Cognac Geographical Indication and culture—shared the trends of 2021. With 2020 taking an unforeseen turn, cognac became even more of a spirit…
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2021 to be a Pivotal Year for EV Sector Growth. The List of Electric Vehicles Expected to be Available for Sale
Electric cars sales are poised to hit their highest level on record in 2021, according to the car shopping experts at Edmunds. Edmunds data shows that EV sales made up 1.9% of retail sales in the United States in 2020; Edmunds analysts expect this number to grow to 2.5% this year. “After years of…