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Italian fashion group Prada sees opportunity in the booming second-hand fashion sector which it can develop both in-house and through partnerships, marketing chief and heir designate Lorenzo Bertelli said. The market for pre-owned chic bags and clothes has…
Canada Goose has appointed Paul Cadman as its new president for the Asia-Pacific region. In his new role, Cadman will oversee the business’ activities including commercial, financial, and marketing across Apac markets, including Greater China, Japan, South…
Demand for luxury goods is continuing to grow in South Korea, despite price hikes and the Covid-19 pandemic. Chanel, a high-end fashion house, has already raised prices in the market twice this year. The French luxury brand raised the price of the Classic…
Marco Gobbetti is to give up his role as CEO of Burberry after leading the brand and business for almost five years. According to a report, Gobbetti will return home to Italy to lead rival luxury goods group Ferragamo. Gobbetti will stay with Burberry until…
A board job at the Swiss wealth giant is a lucrative gig, but probably not lead to ultra-high net worth riches. Or at least not rich enough to purchase one of Hong Kong’s priciest manses, as Fred Hu just did. Hu plopped down HK$428 million ($55 million) for a…
The luxury goods sector could shrug off the hit from the coronavirus crisis as early as this year as Chinese and US shoppers help sales recover to pre-pandemic levels, consultancy Bain said on Monday. Bain now sees a 30 percent probability that sales of…
Last year in September, Hyundai Group’s premium car brand- Genesis hired Dominique Boesch as its first Managing Director for the European market and now the company is all set to make its foray into the market. Genesis took to Twitter through its European…
As Italy entered a new coronavirus lockdown and shut shops in March, Genoa-based jeweller Gismondi 1754 turned to messaging service WhatsApp to sell a 300,000 euro diamond ring to a wealthy Swiss client. At the same time, sales assistants at luxury puffer…
Expensive luxury brands are racking up strong sales in South Korea, despite the coronavirus outbreak. Consumers, denied overseas travel, have resorted to spending on luxury goods instead, gaining popularity among the MZ Generation (millennials and Generation…
Los Angeles-based fine jewelry and lifestyle brand Hoorsenbuhs opened its first overseas store at the Ginza Six mall in Tokyo, Japan on Friday, March 5th. The 1,050 square foot space in Tokyo comes to life through the eyes of founder Robert Keith. For the…
Italian luxury goods group Salvatore Ferragamo said on Tuesday that China and e-commerce had boosted sales in the year so far after the COVID-19 pandemic pushed the firm to its first full-year operating loss since it listed in Milan 10 years ago. Deputy…
French luxury group Kering has taken a 5 percent stake in Vestiaire Collective, a leading platform for second-hand clothes and handbags, betting that the booming resale market will help it woo younger and more environmentally conscious shoppers. The purchase…
Located in Hong Kong’s exclusive Mid-Levels neighborhood, the apartment is Asia’s priciest, according to «Bloomberg.» A 3,378 square foot penthouse at the 21 Borrett Road development was sold on Monday for HKD $459,408,000 ($59,258,165) to an unnamed buyer,…
Kampos, the ultimate Italian brand promoting luxury with integrity, is expanding overseas by entering the South Korean market. The brand has recently signed a partnership with a local distributor, Sanghyun Yu, based in the capital, Seoul, and has already…
Italian luxury group Prada sees revenues rising to 5 billion euros ($6.1 billion) in four to five years, its chief executive said on Thursday. “We will reach five billion euros in a matter of four to five years. COVID-19 has given a strong shock to the whole…
Gift-giving looks different in a pandemic year, but consumers aren’t eschewing luxuries entirely. If you like things you can hold in your hand but still want to get in on the crypto craze, Bitcoin Suisse’s certificates are worth a look: beautifully-crafted…
