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…
Category: Luxury
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…
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…
China’s luxury market expected to grow 4 to 6 percent in 2024
The fact that China’s economy may now be weakened but its domestic luxury market is almost double the size it was in 2019, with growth…
Luxury brands and retailers expect more turbulence in 2024
With wars grinding in Ukraine and the Middle East, and a record number of countries holding elections in 2024, consumers are, understandably anxious, and more…
Demand for major luxury watch brands on the decline
The biggest ever boom in Swiss luxury watches is coming to an end. For three years, the industry enjoyed a surge of renewed interest that…
SAINT LAURENT opens largest store globally in Paris
Saint Laurent’s newest and largest flagship in the world has opened to the public over the weekend in Paris at Avenue des Champs-Élysées. The store debuts…