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Dec. 23, 2024
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News briefs

Day’s wrap: LVMH, Bentley, Tapestry, Vestiaire Collective and Sotheby’s

September 23, 2021

Class at LVMH’s L’Istituto dei Mestieri. Image credit: LVMH

 

By Luxury Daily News Service

Luxury Daily’s live news for Sept. 23:

LVMH looks for younger, more diverse talent
French luxury conglomerate LVMH is accelerating its human resources and corporate social responsibility policy by aiming to recruit 25,000 individuals under the age of 30 by the end of 2022.

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Bentley celebrates 70 years of design at Crewe
British automaker Bentley is celebrating its 70th anniversary of the founding of its design department at its Crewe facility.

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Tapestry signs climate positive initiative
New York-based luxury group Tapestry, Inc. is reinforcing its commitment to sustainability, having signed the Science Based Targets’ initiative (SBTi) business ambition for 1.5⁰C.

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Vestiaire Collective worth $1.7B after new investments
Luxury resale platform Vestiaire Collective has completed a $210 million financing round backed by technology investment firm SoftBank and Generation Investment Management.

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Frida Kahlo self-portrait estimated at $30M
A self-portrait by renowned Mexican painter Frida Kahlo is expected to sell for $30 million through auction house Sotheby’s, potentially becoming the most valuable Latin American piece ever publicly sold.

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Recommerce gains momentum as circularity become fashion pillar
As consumers grow increasingly concerned about their environmental footprints, fashion brands and retailers are experiencing immense pressure to adopt new operational models to mitigate waste.

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  1. Mood of global millionaires in the pandemic-era
  2. Mercedes-Benz rolls out AI-enhanced MBUX Voice Assistant
  3. Preloved items from Hermès hold highest resale value: The RealReal
  4. Luxury Unfiltered: When brands fall spectacularly short on client service
  5. Off the Cuff: A Q&A with Steinway & Sons' Ben Steiner
  6. What to look for when buying your first luxury watch
  7. Harry Winston emphasizes duality with new watch collection
  8. Luxury slowdown reached Richemont last quarter
  9. All-new 2024 Lexus GX SUV stars in annual holiday campaign
  10. 2024: The challenge for luxury amid global and regulatory changes
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