Though the growth of the personal luxury sector is expected to continue softening, the climbing popularity of “experience-based goods,” including fine art and high-end cars, could help propel the industry forward in the months ahead.
After feeling the impacts of the luxury slowdown in the previous quarter, the Swiss luxury conglomerate is back on the rise.
The retail group is dodging insolvency as leaders at Coupang, Inc., South Korea’s largest online marketplace, move to buy the business.
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Extreme weather events, rising seas and habitat destruction are spelling a coming doomsday for the industry, which is estimated to lose $65 billion by 2030 – but there are solutions.
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Retail group Farfetch has announced a series of management changes as cofounders Davide De Giglio and Andrea Grilli depart the company’s subsidiary, New Guards Group.
The Swiss luxury conglomerate’s revenues have topped $20 billion for the very first time.
Mohari Hospitality, a global investment company focused on the luxury lifestyle and hospitality sectors, is acquiring restaurant, nightlife, and entertainment pioneer Tao Group Hospitality.
Luxury Daily’s live news: Kering, Phaidon lift female-focused literary launch with museum event; Sephora teams up with TikTok to boost founder-led beauty brands; New Saks, Inspirato partnership offers curated travel perks to luxury clientele; Yoox adds pre-owned platform to online marketplace; Bacardi Limited announces senior leadership shifts.
