Day’s wrap: Dow Jones, Tiffany, Gucci, WeChat ban, Travel + Leisure, marketing webinar and luxury real estate

January 6, 2021

A mob of pro-Trump supporters outside the U.S. Capitol on Jan. 6. Image credit: Bloomberg

Luxury Daily’s live news for Jan. 6:

Dow reaches new high despite pro-Trump riots at Capitol
The Dow Jones Industrial Average closed at a record high on Jan. 6, a historic day in the United States that began with the Democrats expected to take control of the Senate and ended with a mob of President Donald Trump’s supporters breaking into the Capitol building.

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Tiffany shows positive growth to end 2020
U.S. jewelry Tiffany & Co. has proven success with the release of its preliminary 2020 holiday period sales results — the last round of earnings set to be revealed before the company’s deal with French luxury group LVMH is finalized later this week.

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Tiffany reimagines impressive archival necklace from 1939
New York-based jeweler Tiffany & Co. has acquired an 80-carat diamond to amend its historic 1939 World’s Fair necklace.

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Gucci follows up North Face collaboration with documentary
Italian fashion brand Gucci is celebrating the drop of its North Face collaboration with a dedicated documentary.

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Trump signs new executive order banning Alipay, WeChat
President Donald Trump has signed an executive order banning transactions with a number of Chinese-connected apps, including payment platform Alipay and other apps owned by Chinese tech holdings company Tencent.

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Travel + Leisure sold to Wyndham Destinations for $100M
U.S. timeshare company Wyndham Destinations has acquired the Travel + Leisure brand and all related assets from media company Meredith Corporation.

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Webinar: Authenticity in a Post-COVID World: From the Eyes of a Marketer
Register now for the free webinar on Wednesday, Feb. 3 at noon to 1 p.m. EST (New York time) titled, “Authenticity in a Post-COVID World: From the Eyes of a Marketer”

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Luxury Daily debuts new conference focused on luxury real estate
Register now for free for Luxury Daily's State of Luxury Real Estate 2021 (SOLRE) eConference Thursday, Jan. 14. The daylong event will focus on how affluent consumers are shaping the real estate market as they flee cities for more space and social distance, enabled by remote working and schooling.

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Prada picks consumer brains with inquisitive dialogue project
Italian fashion house Prada is opening the conversation in a new campaign, encouraging consumers to answer and reflect on profound questions.

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Day’s wrap: Dow Jones, Tiffany, Gucci, WeChat ban, Travel + Leisure, marketing webinar and luxury real estate

Burberry overhauls strategy amid rocky interim results

Neiman Marcus honors Leonard A. Lauder in New York City

IWC Schaffhausen wins top prize at Grand Prix D’Horlogerie de Genève 2024

Capri Holdings, Tapestry abandon plan to merge

Art to comprise 11pc of UHNWI portfolios by 2026: Bank of America

Viceroy Hotels debuts narrative-driven brand identity

In Geneva, Christie’s records new high with Aga Khan emerald

Meta drops price on paid subscription tier in EU

Belmond to launch new luxury sleeper train in England, Wales

Ferrari teams with Paramount Pictures ahead of ‘Gladiator II’ premiere