DFS Opening the First World-Class, Seven-Star Luxury Retail and Entertainment Destination DFS Yalong Bay in Sanya, Hainan, China by 2026. The 128,000 square meter site will feature over 1,000 luxury brands including iconic maisons from the LVMH Group, with elevated immersive concepts across multiple categories such as fashion and apparel, beauty and fragrances, watches and … Read more
Biotech Company MycoWorks Begins Production at the World’s First Commercial-Scale Fine Mycelium Plant in Union, South Carolina. Providing the company’s luxury leather alternative Reishi. Last week, biotechnology company MycoWorks begins production at its world-class manufacturing facility in Union, S.C. Now capable of scaling-up to meet luxury industry demand, the company is set to grow millions … Read more
Is Harrods’ Expansion into China a Game-Changer for the Luxury Industry? As mainland China is becoming a more important market for luxury shopping, Harrods, London’s most iconic department store, will open a new private member’s club in Shanghai at the end of 2023 in a bid to appeal to the country’s ultra-rich consumers. Harrods, the … Read more
Global luxury goods market accelerated after record 2022 and is set for further growth, despite slowing momentum on economic warning signs. The luxury goods market has experienced significant growth and is poised for further expansion, according to the latest report from Bain & Company, a leading global management consulting firm. The report, titled “Luxury Goods … Read more
How dreams are a formidable driver of innovation and how they come to life through concrete solutions. Viva Technology is Europe’s biggest startup and tech event. The seventh edition will take place June 14-17, 2023, in Paris, at Expo Porte de Versailles. Viva Technology 2023, Europe’s premier event dedicated to innovation and startups, is set … Read more
UK’s Luxury Authority Welcomes Three New Members. The Walpole, UK’s luxury industry, announced three new members: historic Chesterfield-crafter Fleming & Howland, storied hatmaker Christys’ Hats, and Rocco Forte Hotels’ The Balmoral. UK’s Luxury League Scores Three Big Wins with New Members. Walpole is a trade association that represents the British luxury industry. Founded in 1992, … Read more