Dream ticket: how sleep became a billion-dollar business
Tiredness is the new norm – no wonder companies are selling sleep aids from spooning robots to cuddle blankets. How did a restful night become a luxury item?
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In a luxury business environment that remains uncertain, LVMH approaches the second half of the year with caution
World’s leading luxury products group reports good growth in Europe, Asia and the United States; LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €19.7 billion in the first half of 2017, an increase of 15%. Organic revenue growth was 12% compared to the same period in 2016. All geographic … Read more
Coach Completes Acquisition of Kate Spade & Company
Coach, a leading New York-based house of modern luxury accessories and lifestyle brands, announced that it has completed the acquisition of Kate Spade & Company for $18.50 per share in cash for a total transaction value of $2.4 billion. As previously announced, the $2.4 billion purchase price has been funded by a combination of senior … Read more
Vertu x TCL Communication announce investments into the luxury smartphone business
Vertu, the world’s leading manufacturer of luxury mobile phones, was purchased by entrepreneur Hakan Uzan in mid-March of 2017. The first big investment is coming with a major agreement with TCL Communication. This agreement, worth $40 million, will enable Vertu to use advanced and innovative technology from TCL Communication for 30,000 handcrafted Vertu high-end phones, … Read more
2016 Best British Luxury Craftsmanship award goes to Rolls-Royce
“Brexit, the plunging pound, unexpected American presidents…But through it all, we know the British luxury industry is going to KEEP CALM AND CARRY ON,” Walpole CEO Michelle Emmerson. Rolls-Royce Motor Cars was honoured with the ‘Best British Luxury Craftsmanship’ award at the 2016 Walpole British Luxury Awards. The award was presented during a glittering ceremony … Read more
How the Queen led the way in power-dressing for the world stage
The monarch, 90 this month, is a pioneer in using clothes to project a message. Now a new royal exhibition is to shed some light on how it’s done