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Luxury industry news, covering topics in business, law, beauty, apparel, technology, e-commerce, brick-and-mortar and fashion.
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Consignment selling is a business model that allows individuals or businesses to lend out their items to a shop that contracts to sell them at an agreed price and split the proceeds in accordance with an agreed formula. In this…
Chanel, the iconic French luxury fashion house, has reported a remarkable 17 percent increase in its revenue for 2022, reaching a staggering $17.22 billion. The company’s operating profits also rose by 5.8 percent to $5.78 billion. This impressive financial performance…
Kering, a renowned luxury group, has recently opened its new Italian headquarters in the bustling city of Milan. This move signifies the company’s commitment to strengthening its presence in Italy, a crucial territory for Kering’s growth and success. At the…
If you have a passion for fashion and want to work in the luxury retail industry, becoming a luxury retail buyer might be the perfect career path for you. In this blog post, we will cover everything you need to…
Elizabeth Arden, the iconic beauty brand, has taken a bold step into the future of retail by launching a shoppable virtual store in partnership with experiential eCommerce platform Obsess. The immersive virtual shopping experience is designed to appeal to a…
In a bid to appeal to environmentally conscious and sustainable shoppers, luxury department store Selfridges has introduced an innovative concept called ‘The Stock Market’ in its Corner Shop space. This unique initiative allows customers to exchange, restore, or upcycle their…
Chloé, a renowned luxury fashion brand, has collaborated with popular footwear brand Teva to create a unique line of summer sandals. This strategic partnership is an example of a marketing strategy that has been at the forfront of fashion collection…
Chanel, the iconic French luxury brand, has recently opened its largest store in the United States on the prestigious Rodeo Drive in Beverly Hills, California. The grand opening took place on May 5th, after a decade of planning and three…
Hermès holds the title of the world’s oldest luxury brand still in operation today. Established in 1837 by Thierry Hermès, the French fashion house initially produced saddles and other equestrian supplies. Over time, Hermès expanded its product range to include…
Louis Vuitton, a luxury brand known for its iconic Monogram canvas, has been a symbol of elegance and sophistication since its inception in 1854. When it comes to purchasing a Louis Vuitton bag, many shoppers opt to buy it in…
Dubai, a city known for its stunning beaches, impressive architecture, and massive shopping malls, attracts tourists from all around the world. Many visitors wonder if luxury brands are cheaper in Dubai compared to other cities. The answer to this question…