De Bijenkorf Expands Personal Shopping Lounge
Established for over 150 years and owned by the Hudson’s Bay Company, De Bijenkorf is the most iconic and luxurious department store in Amsterdam and has just expanded its Personal Shopping Lounge. The expanded showroom is situated on the second floor of the legendary building situated in the central part of Dam Square and underlines […]
Amsterdam Fashion Group Acquires KIRED
Amsterdam basedBenelux fashion importer Amsterdam Fashion Group has entered into luxury fashion line with the acquisition of premium Italian outerwear brand KIRED. The deal, which was implemented from January 1, 2024, is vital for the company advancing its presence in the luxury segment. On its experience, KIRED, born in 1986 in Parma, Italy, now boasts […]
Hermès Introduces Mushroom Leather Birkin Bag For Eco-Friendly Fashion
There is not a single doubt that the recently announced launch of the first bag made from mushroom leather and made by Hermès caused a stir in the fashion community. This innovative creation, dubbed the “Mycelium Birkin,” represents a significant leap forward in sustainable luxury and signals a potential paradigm shift in the use of […]
Cartier Launches Lab-Grown Diamond Collection For Sustainable Luxury
More disquiet has recently emerged in the luxury jewelry market, as Cartier, the French ‘King of Jewellers,’ introduced its very first line of jewelry created with synthetic diamonds. This innovative development is revolutionary in the luxury domain as more brands start to embrace environmental and ethical issues that may change the future of luxury jewelry. […]
Rolex Restructures South African Operations
The direct operations of Swiss luxury watchmaker Rolex have effectively come to an end in South Africa due to a fundamental restructuring of its operations in the country. Since 1948, the firm has been operating an affiliate office in South Africa and currently operates under the name Rolex Watch Company (South Africa) (Proprietary) Ltd, which […]
South African Luxury Market Shows Resilience
The current and potential future market conditions for luxury goods remain favorable in South Africa despite a current incumbent economic and social crisis. Current research and industry studies demonstrate that country-specific emerging consumer desires, branding directions, and other factors define the future of luxury retailing in the country more profoundly. Specifically, current value growth of […]
Armani Cafe Makes Indian Debut At Jio World Plaza In Mumbai
In a major landmark for luxury retailing business in India, this International fashion major Giorgio Armani has parked its entry into hospitality sector in India by opening Armani Cafe at Jio World Plaza in Mumbai. This new chapter in the luxury dining experience may well open for the Indian consumer will help fortify the perception […]
Global Luxury Market Faces Challenges As Consumer Spending Slows
The global luxury goods market is at a crossroads and may be ripe for slowing down, as recent data suggest changes in consumers’ behavior and economic conditions in major countries. It has attracted the attention of industry stakeholders and market enthusiasts, paving the way for a reassessment of growth plans and forecasting of the marketplace […]
LVMH Acquires Minority Stake In Moncler Signaling Strategic Shift
LVMH the world’s largest luxury products conglomerate has recently signed on as a minority investor in Moncler, the Italian luxury outer wear maker. The strategic investment has been made along with Remo Ruffini, the Moncler’s CEO and the largest shareholder to signify the new era of luxury fashion and accessories market. Here is the major […]
Miu Miu Continues Explosive Growth Amid Luxury Market Slowdown
Miu Miu the Italian brand in luxury fashion is a leading brand that has effectively set an deviation against the market slow down by scoring a staggering 58% in the last year alone. The recent achievements of the brand have attracted the interest of industry observers and rivals to examine further how this performance has […]