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News briefs

Day’s wrap: Burberry, Gucci, Balmain, Bentley and 1stDibs

November 11, 2021

Korean actor Mina Shin for Gucci. Image courtesy of Gucci

 

By Luxury Daily News Service

Luxury Daily’s live news for Nov. 11:

Burberry revenues return to pre-pandemic levels
British fashion house Burberry is reporting that its revenue has reached pre-pandemic levels in the first half of its financial year.

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Gucci names Mina Shin, Jungjae Lee new global ambassadors
Italian fashion label Gucci is announcing two new global brand ambassadors, Korean actors Mina Shin and Jungjae Lee.

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Balmain partners with Netflix on Western-inspired collection
French fashion label Balmain is collaborating with global video streaming platform Netflix on a collection modeled after a new film.

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Bentley renews carbon neutrality certification at Crewe
British automaker Bentley Motors is renewing its carbon neutrality certification for operations, further emphasizing its appeal as a sustainable marque.

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1stDibs launches new auction service, curated collection
Online marketplace 1stDibs is launching an auction vertical to engage consumers with different buying preferences.

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Future of luxury investment: it is a seller’s market
The luxury sector has seen a recent uptick in merger and acquisition activity as well as innovative investments, and experts believe consolidation will continue and conglomerates will grow stronger.

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Please click here to read the morning newsletter

 
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  1. Ferrari teams with Paramount Pictures ahead of ‘Gladiator II’ premiere
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  3. In Geneva, Christie’s records new high with Aga Khan emerald
  4. Art to comprise 11pc of UHNWI portfolios by 2026: Bank of America
  5. Belmond to launch new luxury sleeper train in England, Wales
  6. Viceroy Hotels debuts narrative-driven brand identity
  7. ‘Hermès in the Making’ pop-up continues world tour in Zurich
  8. Fortnum & Mason debuts Christmas window collaboration with Edinas Paper
  9. Diageo launches new division for luxury brands, experiences
  10. Meta drops price on paid subscription tier in EU
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