Bernard Arnault acquires stake in luxury rival Richemont
French billionaire Bernard Arnault, Europe’s richest man and the chairman of high fashion to champagne group LVMH, opens new tab, has bought a stake in smaller luxury…
CHANEL unveils new high-jewelry collection
In 2024, CHANEL presents the “Haute Joaillerie Sport”, designed by Patrice Leguéreau, Director of the CHANEL Jewellery Creation Studio. The “Haute Joaillerie Sport” collection celebrates…
Cartier opens new flagship boutique in Vienna
After a phase of intensive expansion and renovation work, the Cartier boutique in Vienna shines in new splendor. In total, the renovation of the listed building in…
Rolex CEO warns of challenges in the future
Smaller watchmaking businesses may suffer a 15% drop in sales this year but still end up larger than before the post-pandemic boom, the chief executive…
De Beers is for sale
Anglo American is exploring an initial public offering of its diamond business De Beers, two people familiar with the matter told Reuters on Tuesday, with London the…
Richemont Group acquires privately owned Italian jeweler Vhernier
Swiss luxury giant Richemont announced on Tuesday that it has reached an agreement to acquire 100% of Vhernier S.p.A., the Italian jewellery house, in a private transaction. Forty-year-old Vhernier…
Barcelona based PUIG valued at €13.9 billion
Barcelona-based PUIG Group has set the price guidance at €24.50 per share, according to terms seen by Bloomberg News, giving the company an implied market value of…
Ralph Lauren considers venturing into luxury hotels
In a recent interview, Ralph Lauren said (about starting a luxury hotel): “It’s another business, it’s another world. Picking locations and what you want to…
Luxury brands prices increase alienates aspirational consumers
In the past years major luxury brands have been increasing prices focusing on the highest end of the market spectrum and targeting the most affluent…
British luxury market grows to GBP 81 billion annually
Walpole‘s latest ”Luxury in the Making” study finds that British luxury is a high growth sector, having increased 69% to a value of £81bn in…
Audemars Piguet opens new house in Milan designed by Piero Lissoni
Manufacture Audemars Piguet is pleased to announce the inauguration of its new AP House in via Bagutta, in one of the most prestigious neighborhoods of…
Farfetch to lay off a third of staff in 2024
Amid an ongoing upheaval of its management team, luxury e-tailer Farfetch is now also reportedly set to lay off between 25 and 30 percent of…
A glimpse into Four Seasons Paris newly renovated suites
Designed by Pierre-Yves Rochon, the acclaimed French designer who is behind the interiors of Four Seasons Hotel George V, Paris, the renovated Suites harmoniously blend classic…
Swiss watch exports massively soaring
For the third consecutive year, watch exports experienced strong growth in 2023, exceeding the 26 billion francs mark for the first time. But a few…
Jacob & Co opens new store in Seoul
Located in The Hyundai Trade Center Store, the Jacob & Co. Seoul boutique opens in partnership with retail leader Time Palace. The Jacob & Co. boutique hosted…