Luxury news and archive

Paris haute couture week unveils provisional schedule and Thom Browne debut

FHCM, the French Fédération de la Haute Couture et de la Mode, has unveiled the provisional calendar for the Autumn Winter 2023 haute couture season. The calendar is scheduled to run from 3rd to 6th July, and promises a captivating lineup of craftsmanship, high fashion and new guest designers. Kicking off the week on the 3rd of July will be the...

Fashion

'Quiet luxury' trend continues its ascent

According to a data survey by digital wholesale platform Joor, the minimalist trend ‘quiet luxury’ and a general growth in logo-free fashion is here to stay. While luxury pieces with at times very visible or even all-over logos have been en vogue for years, this trend now seems to be satiated in some markets. Instead, there is a move towards...

Fashion

The Handbag Clinic launches year-round aftercare programme

UK-based luxury handbag restoration and preowned designer resale retailer The Handbag Clinic has launched a new year-round luxury aftercare programme, ‘The Inner Circle’. The initiative offers luxury consumers a 360-degree care plan to maintain the value and condition of their items to “enjoy their wardrobes even more sustainably, all year round...

Business

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...