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, 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, 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
“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
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
Investments of passion performance and global luxury spending trends. Luxury is getting a makeover, all at the speed of social media. The consumer of “luxury” is increasingly digitally-savvy, time-sensitive, socially aware, and more and more concerned about sustainability. The industry surpassed €1 trillion in retail sales value in 2015 and delivered healthy growth of 5% … Read more