May 19, 2022
Luxury Daily’s live news for May 19:
Burberry bans exotic skins
British fashion house Burberry has announced it will no longer use the skin of pythons, alligators or any other exotic animals in the future production of its collections.
Tag Heuer accepts crypto as payment in US
LVMH-owned Swiss watchmaker Tag Heuer has partnered with crypto payment service provider BitPay to bring cryptocurrency as a payment option to the U.S. market.
Mercedes-Benz reshapes long-term strategy for profitable growth
German automaker Mercedes-Benz has unveiled a new strategy for growth with a focus on its luxury lineup and electrification.
Nordstrom launches sports concept
U.S. retailer Nordstrom has launched Concept 017: Sports, a new shop featuring products that combine style with athletic performance.
Cosabella acquired by Calida Group
American luxury lingerie brand Cosabella has been acquired by Calida Group as both groups look to expand reach across the U.S. and European markets.