Tag: Luxury Industry
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The first contemporary luxury brand from China sold to Italian entrepreneur Alessandro Bastagli
Richemont-owned luxury brand Shanghai Tang sold to Italian entrepreneur Alessandro Bastagli. Richemont, the Swiss luxury goods group, announces that it has completed the sale of luxury brand Shanghai Tang to a consortium of investors led by Italian entrepreneur Alessandro Bastagli. For its financial year ended 31 March 2017, Richemont reported sales of € 10 647…
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Net-a-Porter owner opens tech hub in London
New building in White City shows increased commitment to IT, and the UK, after merger with Italy’s Yoox
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Mulberry says terrorism and election uncertainty may have hit UK sales
Fashion brand hails second year of growth but chief says general election and attacks may have led to lower footfall at UK stores
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LVMH enters the highly competitive luxury e-commerce segment. A successful entry could shake up everything
The world’s biggest luxury goods group steps up the digital side of its business. 24 Sevres, LVMH’s multibrand website and mobile app, will go live on June 6 in more than 70 countries. Parisian department store Le Bon Marche is the inspiration behind LVMH’s new venture into luxury e-commerce. The multi-brand e-commerce website named…
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2017 LVMH Innovation Award to give startups the opportunity to make the luxury sector evolve
LVMH Innovation Award for start-ups will open the doors to Luxury Lab at Viva Technology 2017. Apply online and start the journey. LVMH Innovation Award searches for fresh ideas. The inaugural LVMH Innovation Award to be launched at Viva Technology 2017. In conjunction with the second edition of the Viva Technology 2017, LVMH Luxury Group…
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Luxury spending trends of the past year. Report
The beauty, fine wines and spirits, and fine food segments all grew, reflecting a redirection of luxury spending away from goods and toward personal pampering and experiences. Last 12 months, the luxury consumption shifted away from goods and toward experiences such as travel and gastronomy, which grew faster than luxury goods by at least 5…