Farfetch Confirms Discussions With Richemont Farfetch Limited, the leading global platform for the luxury fashion industry, confirms that they are in discussions with Richemont in relation to a potential expansion of their existing Luxury New Retail strategic partnership. The parties are discussing a number of possible options, including the leveraging of Farfetch Platform Solutions … 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
Bvlgari Hotels & Resorts has announced plans for the upcoming Bvlgari Resort Los Angeles. Slated to open in 2025, it will be the twelfth jewel in the collection. Nestled in the Santa Monica Mountains, the new property will feature 58 rooms and eight private estates residences set on 33 stunning acres. Bvlgari Hotels … Read more
LVMH luxury group searches for 25 startups to join the La Maison des Startups. La Maison des Startups aims to accelerate collaboration between LVMH Group Maisons and startups in order to drive creation of innovative products and services for the luxury industry. Applications for the 7th season of La Maison des Startups LVMH … Read more
British Luxury Sustainability Report: Walpole’s Tips for Communicating Luxury Brands Sustainability Strategies. Sustainability is increasingly a part of conversations with investors, business customers and consumers. A significant opportunity exists for luxury businesses of all sizes to build brand loyalty by engaging consumers with their sustainability stories. In particular, with consumer trust in … Read more
Just like pretty much everything, sales of luxury goods were also affected by Covid-19. However, due to the recent news (Lifting of restrictions, vaccines, etc), an almost 29 percent increase has been noticed in the sales of luxury goods. Especially in luxury handbags. As reported by Bain & Company, who happened to be a … Read more