Luxury Daily, Oct. 11, 2024 – Ferrari, Hermès lead global luxury brand growth in 2024: Interbrand

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October 11, 2024

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Ferrari, Hermès lead global luxury brand growth in 2024: Interbrand

The valuations of prestige labels are rising, up by 7 percent, compared to 6.5 percent in 2023.

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Fragrance and personal care

Jaeger-LeCoultre fragrances take form

Digital content featuring the Reverso-inspired scents has debuted as a part of the Swiss watchmaker's ongoing Made of Makers initiative.

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Commerce

Saks Global, Authentic Brands Group band together for joint luxury venture FREE

The parties are collaborating to accelerate the expansion of hallmarks such as U.S. department store Barneys New York.

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Strategy

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Arts and entertainment

The Met’s Costume Institute announces spring 2025 gala theme

Cochairs for this year's fundraiser include British racing driver Lewis Hamilton and French fashion house Louis Vuitton's men's creative director Pharrell Williams.

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Automotive

Experiential retail concept from Porsche reaches US

The German automaker is scaling its urban sales format.

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Financial services

American Express presents Gold Café dining pop-up

Promoting exclusive cardholder perks, the company is hitting the road with multicourse tasting menus.

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