Luxury retailer Georg Jensen sold to Investcorp Teaming up with luxury sector entrepreneur David Chu, to cultivate a leading global luxury brand Scandinavia’s leading luxury retailer Georg Jensen, founded by the eponymous Danish designer in 1904, was sold to Investcorp group for $140 million. As part of this transaction, Investcorp has teamed up with David … Read more
2012 Luxury Online Experience Index (LOEI) survey Wealthy shoppers with minimum annual income of $150,000 rated the online experience at websites of 10 traditional luxury retailers and 16 online-only retailers in the 2012 Luxury Online Experience Index (LOEI) survey by the independent New York-based Luxury Institute. LOEI scores include evaluations of a site’s navigation, … Read more
The luxury beauty landscape is having a moment—and not just any moment, but one that straddles nostalgia, high-tech formulations, and retail power plays. From Clinique’s viral throwback to Le Labo’s ode to the great outdoors, the latest launches have one goal in common: capturing the attention (and wallets) of today’s discerning beauty consumer. But amidst … Read more
Lucid Motors Opens New Retail Studio in Düsseldorf, Germany. Lucid Motors’ expansion into Düsseldorf, Germany, signifies a significant milestone for the luxury electric vehicle market in Europe. In the ever-evolving world of luxury electric vehicles, Lucid Motors continues to set new standards, and their latest move solidifies their commitment to providing an exceptional electric driving … Read more
The travel retail and duty-free market are on an impressive trajectory of growth, fueled by the allure of luxury goods and the increasing wanderlust of global travelers. According to the “Travel Retail & Duty-Free Market by Product, and by Distribution Channel – Global Opportunity Analysis and Industry Forecast, 2023-2030″ report by ResearchAndMarkets.com, this market is … Read more
Outstanding performance in sales and results in the first half of 2023. Leather Goods and Saddlery Business Line Outperforms. Hermès group continues the year 2023 with confidence, thanks to the highly integrated artisanal model, the balanced distribution network, the creativity of collections and the loyalty of clients. In the medium-term, despite the economic, geopolitical and … Read more