Selfridges Wins Approval for Private Members’ Club Selfridges, the iconic department store in London, has recently secured a significant win with the Westminster City Council. The council has given the green light to Selfridges’ proposal to transform part of its flagship London outlet into an exclusive private members’ club. This new venture will feature a […]
Opinion: Luxury Is More Resilient Than the Market Suggests
Opinion: Luxury Is More Resilient Than the Market Suggests The luxury industry is currently grappling with challenges that have been exacerbated by the ongoing global pandemic. According to Bain’s latest luxury update, the sector is on track to face yet another turbulent year. However, despite the gloomy outlook painted by investors, there is a strong […]
Ben Gorham to Exit Byredo
Ben Gorham to Exit Byredo: A Shift in Leadership at the Swedish Fragrance Label In a surprising turn of events, Ben Gorham, the visionary founder behind the renowned Swedish fragrance brand Byredo, is set to step down from his position as Puig finalizes its acquisition of the company. Gorham, known for his unique approach to […]
How Dubai Is Defying the Luxury Downturn
How Dubai Is Defying the Luxury Downturn In the midst of a global luxury downturn, Dubai stands out as an oasis of opulence and prosperity. Last week, the prestigious fashion house Zegna staged a dazzling runway show in the emirate, joining the ranks of esteemed brands such as Roberto Cavalli, Armani, and Chanel. This move […]
Kering Shares Surge as Renault CEO Set to Join for Turnaround
Kering Shares Surge as Renault CEO Set to Join for Turnaround French luxury group Kering is making headlines as its shares experience a significant surge following reports that Luca de Meo, the current CEO of Renault, is set to join the company in the coming days. This move comes as Kering looks to navigate a […]
Who Would Pay $20,000 For a Hamburger Ring?
Who Would Pay $20,000 For a Hamburger Ring? In the world of fine jewelry, the boundaries of creativity and luxury are constantly being pushed. From classic diamond solitaires to avant-garde designs, the realm of high-end jewelry is a playground for those who seek to make a statement with their accessories. One such statement piece that […]
Kering Acquires Lens Maker Lenti in Eyewear Push
Kering Acquires Lens Maker Lenti in Eyewear Push Kering, the renowned luxury group, has once again made headlines with its recent acquisition of the Italian lens manufacturer, Lenti. This strategic move is aimed at further strengthening Kering’s industrial platform within the high-end eyewear sector, solidifying its position as a key player in the competitive market. […]
LVMH Shelves Plans for Rodeo Drive Hotel After Local Opposition
LVMH Faces Setback as Plans for Rodeo Drive Hotel Encounter Local Resistance Luxury conglomerate LVMH, known for its high-end brands like Louis Vuitton and Moët & Chandon, recently hit a roadblock in its expansion endeavors. The proposed construction of a lavish hotel, the Cheval Blanc Beverly Hills, on the iconic Rodeo Drive has been met […]
LVMH Plans London Hotel and New Flagship in Experiential Push
LVMH to Expand Presence in London with New Hotel and Flagship Store In a strategic move to enhance its experiential offerings, LVMH, the renowned French luxury group, is set to broaden its footprint in London. According to insights from BoF, the conglomerate is gearing up to introduce a Cheval Blanc hotel, complemented by upscale restaurants, […]
Lagardère Travel Retail Reports 60% Drop In Global Revenues, but China Outperforms
Lagardère Travel Retail Reports 60% Drop In Global Revenues, but China Outperforms The impact of the global pandemic on the retail industry has been profound, with many companies experiencing significant losses in revenue. Lagardère Travel Retail, a French travel retailer known for its partnerships with luxury brands such as Bottega Veneta, Gucci, and Tiffany, recently […]