The French chain of cosmetic stores Sephora announced the sale of 100% of the shares of its subsidiary in Russia to its local General Manager, reported the press service of the LVMH luxury holding, which owns Sephora and operated stores in 34 cities in Russia. Sephora enters into an agreement for the sale of 100% … Read more
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
Cartier and Amazon File Two Joint Lawsuits Against Counterfeiters Using Social Media to Traffic Counterfeit Luxury Goods. Amazon and Cartier announced two joint lawsuits against a social media influencer and eight businesses (collectively, the “defendants”) for advertising, promoting, and facilitating the sale of counterfeit luxury goods through Instagram and other websites, infringing on Cartier’s registered … Read more
New Research Highlights Generational Shift In Attitudes Towards Provenance Of Luxury Goods. New research published this week in De Beers Group‘s latest Diamond Insight ‘Flash’ Report highlights that consumer attitudes towards provenance are changing as younger generations value ethics and sustainability assurances beyond simply knowing where a product originated. This new research by De … Read more
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
Matching parent and child robes are a fun holiday gift, luxurious towels and candles are always a welcome housewarming or host gift, and wedding couples will be thrilled to receive quality linens, a luxury wool blanket or a Four Seasons signature sleep set as they create a new home together. Two years after … Read more