Search Results for: luxury secondhand

Selfridges acquisition creates one of the world’s leading luxury department store groups

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CENTRAL GROUP AND SIGNA HOLDING COMPLETE ACQUISITION OF SELFRIDGES GROUP. Following the announcement in December 2021, Central Group and Signa Holding have completed the acquisition of the luxury retailer, Selfridges Group, from the Weston Family. This transaction has created one of the world’s leading luxury department store groups, with presence in 8 countries in Europe … Read more

Premier luxury off-price destination debuts pre-owned designer fashion

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Hundreds of Styles from More Than 60 Designers Now Available on SaksOFF5TH. Saks OFF 5TH Partners with Rent the Runway to Offer Pre-Owned Fashion. Saks OFF 5TH, the premier luxury off-price destination, has partnered with Rent the Runway, the largest shared designer closet, to provide Saks OFF 5TH customers access to pre-owned designer fashion for … Read more

65% of Luxury Consumers Take Into Account High-End Brands’ Sustainable Commitments When Deciding on Purchases

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Luxury companies are uniquely positioned to help create a better world, say Comité Colbert x BCG. To understand what lies ahead for the luxury industry, Boston Consulting Group (BCG) partnered with Comité Colbert, the France’s luxury authority, to survey luxury sector consumers and interview numerous experts and leaders across the space. The companies identified five … Read more

Metaverse players are dressing Kate Moss with luxury clothing from 250+ high-end brands

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Kate Moss comes out to play on the world’s first luxury fashion styling game. One of the most celebrated style icons of our time, Kate Moss, comes out to play on DREST, the world’s first luxury fashion styling game today, for two weeks of high-fashion styling challenges. DREST players are invited to dress Kate using clothing … Read more

The luxury industry has come roaring back, experiencing a V-shaped recovery this year. Report

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After a sharp contraction in 2020, the personal luxury goods market grew by 29% at current exchange rates to hit EUR 283 billion, increasing the size of the market by 1% versus 2019 levels. For the future, Bain & Company estimates that the personal luxury goods market could reach EUR 360-380 billion by 2025 with … Read more

If current market dynamics persist, luxury could return to 2019 levels as of this year. Report

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  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