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Nov. 23, 2024
  1. Off the Cuff: A Q&A with Steinway & Sons' Ben Steiner
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  4. The Ritz Carlton, Missoni launch beach club in Bali
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  6. Bentley anticipates first electric SUV, arriving in 2026
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  9. Bentley renovates countryside estate in Cheshire
  10. How Raoul Shah, a peripatetic agency exec, collected 500-plus “Do Not Disturb” door signs and begat a tome
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News briefs

Day’s wrap: Sotheby’s, Mytheresa, Mandarin Oriental, Maserati and holiday shopping forecast

September 14, 2021

Items from Karl Lagerfeld’s residences in France and Monaco will be sold at auction later this year. Image credit: Sotheby’s

 

By Luxury Daily News Service

Luxury Daily’s live news for Sept. 14:

Sotheby’s auctioning Karl Lagerfeld estate
Auction house Sotheby’s has announced plans to host an upcoming auction selling more than 1,000 lots from the late designer’s residences in France and Monaco.

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Mytheresa sees strong 35.2pc sales growth y-o-y
Online luxury retailer Mytheresa is witnessing significant sales growth, having reported net sales at $723.6 million for its 2021 fiscal year, a growth of 36.2 percent compared to 2020 and 61.5 percent compared to 2019.

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Mandarin Oriental expands residential presence in Beverly Hills
Mandarin Oriental Hotel Group has announced it is heading west and will brand and manage 54 luxury residences in Beverly Hills, set to open in 2022.

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Maserati joining luxury retail experience in London
Italy’s Maserati has announced it will be the sole automotive brand at Situ Live, a new retail experience opening at retail hub Westfield London in the fall.

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Holiday spending expected to reach $1.3T: Deloitte
Holiday retail sales are likely to increase between 7 and 9 percent in 2021 totaling $1.28 to $1.3 billion between November and January, according to an annual holiday retail forecast by consulting firm Deloitte.

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Luxury loses $7.6B in brand value, Porsche remains on top: report
As the world continues recovering from the COVID-19 pandemic, the total value of the world’s top 50 luxury and premium brands declined by more than 3 percent year-over-year, according to Brand Finance.

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  1. Off the Cuff: A Q&A with Steinway & Sons' Ben Steiner
  2. Ferrari, Chivas Regal forge multiyear partnership
  3. Luxury Unfiltered: Hermès and Patek Philippe prove trust is the true luxury
  4. The Ritz Carlton, Missoni launch beach club in Bali
  5. Dior goes for gold with flashy J'adore campaign
  6. Bentley anticipates first electric SUV, arriving in 2026
  7. ‘Copy Nothing’ campaign defines next era at Jaguar
  8. Ginori 1735, St. Regis Hotels partner to scale branded cafe concept
  9. Bentley renovates countryside estate in Cheshire
  10. How Raoul Shah, a peripatetic agency exec, collected 500-plus “Do Not Disturb” door signs and begat a tome
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