LVMH partners with Moncler
LVMH and Moncler chairman and CEO Remo Ruffini announced a partnership that will reinforce Ruffini’s position as the largest shareholder of Moncler, according to a press release LVMH…
Category: Luxury
Slower growth for luxury in 2024
Flagging a weak macro environment and a wave of recent downgrades, HSBC said Tuesday it now expects only 2.8 percent organic growth for the global luxury goods…
The Ritz-Carlton launches second new-build luxury super-yacht
The Ritz-Carlton Yacht Collection proudly introduces Ilma, its second new-build luxury superyacht, to its distinguished fleet. The yacht embarked on its maiden voyage, a 7-night journey from Monte…
French department store opens second-hand watch and jewelry Space, including Rolex
The novelty at Galeries Lafayette is pre-owned watches and jewels, with the opening of a dedicated shop-in-shop in the department store’s Haussmann flagship. The 320-square-foot space, which…
Zegna Group sales increase 6 % first half 2024
Italian luxury fashion group Ermenegildo Zegna NV was able to achieve an increase in sales in the first half of the 2024 financial year. However,…
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…
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…