Richemont and Alber Elbaz create AlberelbaZfashion start-up. Richemont, one of the most important luxury groups, and fashion designer Alber Elbaz announced the signing of an agreement to form a joint venture, called “AZfashion” (AlberelbaZfashion). AZfashion will be an innovative and dynamic start up, meant to turn dreams into reality. Richemont owns several of … Read more
LVMH bid for jeweller is latest attempt to target China’s new wealthy generation
Louvre Abu Dhabi presents the first comprehensive exhibition on the history of luxury in the Middle East. How luxury has been defined by diverse cultures from Antiquity to the present day? The first comprehensive exhibition on the history of luxury in the Middle East is showcasing approximately 350 objects from 30 countries and … Read more
On other sites or with other people, luxury can sadly be a dirty word. Seen as wasteful, many people who can otherwise afford something better stick to subpar products and experiences that at best don’t fully fulfill someone’s need and at worst are a complete waste of time. Yet luxury can and … Read more
The global personal luxury goods market reached a “new normal” pattern of growth, says Bain & Company’s report According to Bain & Company‘s new report, the future of the luxury industry is taking shape with a number of key characteristics, including Chinese Generation Z, access, ownership, sustainability and social responsibility, the impact … Read more
Stock market value has dropped £2bn but financial performance has been strong