One of The Most Expensive Cognac in the World Wins Big at 2021 Ultra Premium Cognac Masters

Less than three years after establishing themselves into the luxury liquor industry Rome De Bellegarde have secured their first award. Topping 17 houses and around 40 prestige cognac entries the Spirit Business have honored them with gold place in the Ultra Premium Cognac Masters. Their success has been built around a strong brand ethos of … Read more

Celine, Chaumet, Patou, Dior and Louis Vuitton working with refugee artisans

@La Fabrique NOMADE; / @lafabriquenomade.com/

“These are much more than simply fashion and décor items, they embody the tenacity that transforms beauty into esteem, esteem into hope, and hope into a future,” – Inès Mesmar, La Fabrique NOMADE director.

On March 23, La Fabrique NOMADE, a non-profit that helps talented artisans who have sought refuge in France use their skills as a path to integration, presented the Traits d’Union 5 collection of new clothes, jewelry and objets d’art by refugee artisans on their website. LVMH has since 2019 actively supported La Fabrique NOMADE.

LVMH, the biggest luxury group in the high-end segment, is once again supporting the collection this year, in particular through the engagement of designers, artisans and experts from Celine, Chaumet and Louis Vuitton who are working with the craftspeople supported by the charity.

This year La Fabrique NOMADE asked Guerlain ambassador Sonia Rolland to act as godmother of the event. Filmmaker, actress and activist, notably in support of refugees, Sonia Rolland is particularly attuned to the difficult journeys of the artisans sponsored by the workshop.

Collaboration between Artak Tadevosyan, Armenian jeweler and Amira Sliman, jeweler; photography @La Fabrique NOMADE; / @lafabriquenomade.com/

Founded five years ago by Inès Mesmar, La Fabrique NOMADE promotes the skills of refugee artisans by presenting
collections created with support from volunteer designers and stylists. Its new Traits d’Union 5 collection will be launched online on March 23 at 7 pm (Paris time), featuring creations around the evocative theme of “Le Renouveau” (Renewal), proposed by creative directors Pauline Ricard-André and José Lévy. Clothes by talented couturiers from Azerbaijan, Côte d’Ivoire, Iraq and Senegal will be shown alongside jewelry by artisans from Armenia, Cameroon, Morocco and Peru. Iranian, Ivorian and Turkish artisans all found inspiration in their native cultures for the objets d’art in the collection.

“I discovered above all an exceptional crossroads of cultural exchange that promotes sharing of savoir-faire and facilitates the integration of these craftswomen and craftsmen into French culture and the French economy. This is a virtuous, intelligent and human model of integration.” – Sonia Rolland, the godmother of La Fabrique NOMADE’s latest collection.

photography @La Fabrique NOMADE; / @lafabriquenomade.com
photography @La Fabrique NOMADE; / @lafabriquenomade.com

Chaumet and Patou luxury brands, for example, have taken on artisans as interns this year, while Dior hired a couturière at its workshop last year.

The collection “Le Renouveau” is available from La Fabrique NOMADE’s e-shop as well as its store at the Viaduc des
Arts, 1 bis avenue Daumesnil in the 12th arrondissement of Paris.

“I am delighted that our Maisons have welcomed these artisans to visit their workshops and encouraged their contribution to joint projects. Sharing experience is a two-way process that’s extremely enriching for everyone involved. This partnership has also brought talented people together and resulted in very concrete achievements in terms of professional integration.” – LVMH’s Antoine Arnault.

 

@La Fabrique NOMADE; / @lafabriquenomade.com
La Fabrique NOMADE – Collaboration between Macoumba Tall, Senegalese designer and Kaisa kinnunen, stylist; @La Fabrique NOMADE; / @lafabriquenomade.com
@La Fabrique NOMADE; / @lafabriquenomade.com
Collaboration between Ismaila Ibrahim Awal, Ivorian jeweler and Clemence Valade, designer; @La Fabrique NOMADE; / @lafabriquenomade.com/
Collaboration between Samira Mokarrami, singing and marquetry, Iran and Rémi Nguyen, designer; @La Fabrique NOMADE; / @lafabriquenomade.com/
Collaboration between Yaya Sangare, Ivorian carpenter and Alba Diaz Strum, designer; @La Fabrique NOMADE; / @lafabriquenomade.com/

Walpole welcomes a new cohort of luxury creative entrepreneurs to the 2021 Brands of Tomorrow

  Brands of Tomorrow Class of 2021: Walpole unveiled the next generation of luxury businesses. Walpole, the industry body for the British luxury sector, has unveiled the 2021 participants for its annual Brands of Tomorrow programme, supported by partners Mishcon de Reya and moneycorp. The initiative will nurture and guide 12 of Britain’s most innovative … Read more

Two rival yacht builders form a Joint Venture to rescue the bankrupt Perini Navi

@perininavi.it

This is an alliance of historic importance for the yachting industry. Ferretti Group and Sanlorenzo form a Joint Venture to rescue Perini Navi, one of the world’s most iconic luxury sailing brands.

Ferretti Group and Sanlorenzo, two rival Italian motoryacht builders, announced the creation of a 50:50 Joint Venture NewCo to take over Perini Navi, declared bankrupt by the Court of Lucca on January 29. Perini Navi is an Italian shipyard based in Viareggio, Tuscany, Italy. Perini Navi‘s largest project to date was the 88m Maltese Falcon for repeat client Tom Perkins. Other owners include Rupert Murdoch, Silvio Berlusconi, Turgay Ciner, Gerhard Andlinger, Larry Ellison, George Economou, Massimo Moratti, Bertram R.C. Rickmers and Kenneth P. Weiss.

In 2021, an Italian court declared Perini Navi bankrupt. It had made a loss of €80.87 million at the end of 2019, and a debt exposure of nearly €100 million by the first quarter of 2020. It employed about 100 employees at the time.

Through the NewCo, world leading players of Italian yachting excellence Ferretti Group and Sanlorenzo have expressed their interest in making an offer to acquire the trademarks, assets and Italian operations of Perini Navi, if necessary with a business unit lease agreement, in order to ensure a swift recovery of production activities and the maintenance of employment levels.

“It is fair to say at this point that the loss of the Perini Navi brand would be a sad day for the superyacht market. However, the strength of the business’ brand, location and portfolio make it a fascinating opportunity for the potential investors and with three major shipyard groups already announcing their interest in the brand, one can assume that this does not signal the end of Perini Navi,” commented superyachtnews.com.

“While the acquisition of Perini Navi’s physical assets perhaps represents the most obvious benefits for the superyacht businesses that are interested in the acquisition, the market would do well to remember the historical strength of Perini Navi’s brand,” added superyachtnews.com.

@perininavi.it

“This is an important day for the Italian yachting industry, for the employees of Perini Navi and for their families, ensuring in this way that their passion, experience and unique skills will continue to be protected. As will the Perini Navi supply chain, which is made up of numerous suppliers who will be reassured and whose peace of mind will be restored by today’s safeguards,” said Ferretti Group CEO Alberto Galassi.

“At Ferretti Group we are always on the lookout for excellence and capabilities to integrate with our own. And often we find them in Italy, as is the case today. We are confident our commitment will translate into further growth that benefits the local area and raises the profile of the Italian yacht industry still further. I would also like to emphasise the historical importance of the alliance with Sanlorenzo, reflecting the new spirit of collaboration sweeping through Italy: a positive broadening of our horizons that will let us seize even more opportunities and deliver even more success”.

“I began my professional career in the yacht industry in Viareggio, in the same place and year in which Perini Navi was starting life a short distance away,” said Sanlorenzo Executive Chairman Massimo Perotti.

“That was back in 1983 and since then I’ve always had great admiration for the business model adopted by this remarkable brand: boats with outstanding qualities, built exclusively to order for a limited number of expert owners and connoisseurs. These are the same unique features I found years later in Sanlorenzo. Because of these similarities and with a strong determination to rescue an Italian brand with an unparalleled history, in the interests of the local area, all stakeholders and first and foremost employees and suppliers, I have from the outset confirmed the willingness of Sanlorenzo to contribute to the brand’s relaunch. Today I am pleased to be able to do so jointly with Ferretti Group. It is an alliance of historic importance for our industry, one which I am convinced will continue to develop and set an example for other initiatives aimed at strengthening our world leadership in this sector”.

perininavi.it

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 … Read more

The Year of the Ox: The Lunar New Year Capsules from Fendi, Dior, Breguet, Burberry, and Four Seasons Hotel Singapore

      With the traditional Chinese Spring Festival around the corner, luxury brands have been rolling out their Chinese New Year launches. “Among various limited launches, zodiac symbols have topped design elements used by many fashion and beauty labels, while brands such as Burberry have focused on featuring the Year of the Ox,” commented … Read more