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News briefs

Day’s wrap: Burberry, Sergio Rossi, Valmont and US inflation

June 10, 2021

Burberry is supporting Forest for Change, an installation educating consumers about climate goals. Image credit: Burberry


Luxury Daily’s live news for June 10:

Burberry pledges to become climate positive by 2040
British fashion label Burberry is setting an ambitious sustainability goal and is pledging to become “climate positive” by 2040.

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Lanvin-owner acquires Sergio Rossi
Italian footwear label Sergio Rossi is set to be acquired by Chinese luxury conglomerate Fosun Fashion Group, owner of French fashion label Lanvin.

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Valmont expands into hospitality with exclusive residences
Swiss beauty brand Valmont is forging into the hospitality space with the opening of ultra-luxurious residences for the maison’s most valued clients and friends.

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US inflation accelerates as vehicle, travel costs climb
Consumer prices in the United States continue to climb, with a key inflation measure jumping at the fastest rate in decades.

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How Asian millionaires are rethinking their approach to luxury
Increased financial confidence among millionaires in Asia is fueling their spending on luxury goods and experiences, according to new insights from Agility Research & Strategy.

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