Luxury news and archive

Saks Fifth Avenue introduces private suites in styling service expansion

Luxury fashion retailer Saks Fifth Avenue has unveiled private, standalone suites across destinations in the US as part of an expansion to its personal shopping and styling service, the Fifth Avenue Club. Previously housed in Saks stores, the retailer has now partnered with luxury resort and hotel operators to bring the suites in house, with...

Business

Circular luxury membership club More launches

In a bid to lower consumption and make luxury more accessible, membership platform More has launched, catering to individuals interested in joining a community surrounding luxury goods. Defined as a ‘Circular Luxury Club’, the platform allows members to apply for co-ownership over a selection of items, providing investment opportunities and a...

Business

Rebag partners with Christie’s on luxury handbag edit

Rebag has partnered with auction house Christie’s on a curated lot of luxury handbags, with bidding set to close on June 12. Dubbed ‘Handbags Online: The New York Edit’, the online-only auction will feature a series of highly-coveted and limited edition pieces, including Hermès Birkins and Kellys, among others. Another notable piece is that of a...

Retail

Is Vietnam luxury's next frontier?

Vietnam's luxury industry is set for substantial growth, with projected revenues of 957.2 million by 2023 and an annual growth rate of 3.23 percent until 2028, according to data from Statista. Despite the United States currently leading in luxury revenue, with annual sales topping 75 billion dollars, Vietnam's expansion is drawing in affluent...

Retail

Luxury store openings increase in Europe reflecting opportunity for sector

As Europe’s luxury market continues on its path of recovery, store openings saw an increase of 77 percent across the continent last year, as stated in a report by Savills. The increase comes as international visitors return to the region, bolstering its share in the global luxury sector by 23 percent, ranking it second behind China and ahead of...

Fashion

Saint Laurent debuts haute jewellery collection

French luxury house Saint Laurent has launched its first fine jewellery collection, expanding its existing accessories and ready-to-wear lines. The collection includes cuffs, bangles, necklaces, and rings made from materials such as yellow and grey gold, and diamonds. The price range varies from 690 euros for a studded earring to 45,000 euros...

RetailFeatured

Renewed activity for luxury stores in Europe as international travellers return

Luxury store openings in Europe increased by 77 percent in 2022, as the continent welcomed back international visitors looking to spend on luxury brands, according to international estate agent Savills. Research from Savills Global Luxury report found that the strong performance across Europe saw its global share of new openings climb to 23...

Business

Chanel dismisses IPO rumour, confirms it will stay private

Chanel's CEO, Leena Nair, has denied rumors of the company considering an IPO. In an interview with the Financial Times, Nair confirmed that the French luxury brand will continue to operate as a private and independent company. Ownership of Chanel is split among members of the Wertheimer family, who have been associated with the company since...

Fashion

Patou partners with Fairly Made, giving greater transparency into its products

Patou has become the first luxury brand to partner with Fairly Made, a green tech startup, to offer transparency on the traceability and environmental impact of its "Les Essentiels" product line. Since its relaunch in 2018, Patou has been committed to prioritising sustainable practices in the development and production of its products. This...

Fashion

Louis Vuitton showed its Pre-Fall 2023 collection from Seoul's iconic Jamsugyo Bridge

If there was a sense of unease at Louis Vuitton’s first catwalk presentation in Seoul, South Korea, it was the chill that came from the Han River, which flows through the heart of the city. But more likely it was the immersive set on the iconic Jamsugyo Bridge, designed by Hwang Dong-Hyuk, director of Squid Game, that reflected the incredible...

Fashion Featured

Quiet Luxury, the minimalist trend sweeping fashion

Luxury, yes, but discreet and minimalist. In recent months, the Quiet Luxury trend has taken hold of the fashion industry. While luxury pieces with (very) visible logos have been in the spotlight in recent years, especially on social networks, preferences seem to be shifting towards more discreet fashion. At a time when consumers are favouring...

Business

Ebay introduces new programme for certified pre-loved luxury

Marketplace giant Ebay has launched a new programme that will see it partner directly with brands to widen its selection of coveted and collectible luxury goods. ‘Certified by Brand’ hopes to encourage designers and luxury brands to scale their resale efforts, offering a platform for consumers to purchase authorised pre-loved goods that are...