Sidel Helps Guerlain Expand Production Capacity and Prevent Luxury Goods Counterfeiting. Guerlain, one of France’s oldest perfume and cosmetics houses, is using the latest end of line and traceability technologies from Sidel to fight counterfeiting. Sidel’s combi packing/palletising solution for bottles in cartons is also delivering product care and compactness on Guerlain’s new line for … Read more
Automobili Lamborghini marks its 60th anniversary in 2023 with a full schedule of events and partnerships. Sixty years ago, in an area that at the time was open countryside, construction of the Automobili Lamborghini factory began. The company was established on May 6, 1963, realizing Ferruccio Lamborghini’s dream of becoming a manufacturer of sports cars, … Read more
Kering is the French-based parent company of luxury clothing, apparel, and other high-end brand goods such as Gucci, Balenciaga, Yves Saint Laurent, Bottega Veneta, and Alexander McQueen. Gucci watches, wallets, and handbags are among the luxury brand’s best-selling products. At the end of 2022’s fourth quarter, sales for the company decreased by 7% due to … Read more
High-end home buyers are backing off as rising interest rates, inflation, a tepid stock market and economic uncertainty make it less feasible to purchase luxury goods. Redfin Reports Luxury-Home Purchases Plummet 28%, the Biggest Drop on Record. Sales of luxury U.S. homes fell 28.1% year over year during the three months ending Aug. 31, 2022, … Read more
The strong luxury real estate market of the past two years will continue for the remainder of 2022 and into 2023 despite high inflation, rising interest rates and stock indexes that have posted double-digit losses on the year. That is one of the main conclusions of the new 2022 Mid-Year Luxury Trends Report recently released … Read more
Panerai to produce top of the line luxury goods with sustainable titanium. Italian luxury watch manufacturer Officine Panerai, and its parent company Richemont, the Switzerland-based luxury goods holding group, have been leaders in the application of titanium metal alloys in luxury watches, and they are again leading the market to build a low carbon, circular … Read more