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Day’s wrap: Cartier, Amazon, Swarovski, Hypebeast, Lusix and interest rates

June 15, 2022

Cartier “Love” bracelet was one of the products cited in the lawsuits. Image credit: Cartier


Luxury Daily’s live news for June 15:

Cartier, Amazon file joint counterfeit lawsuits
French jeweler Cartier and ecommerce giant Amazon have jointly filed two lawsuits against a social media influencer and eight other businesses over counterfeiting allegations.

Swarovski names first external CEO
Austrian crystal and jewelry designer Swarovski has tapped Alexis Nasard as its first external CEO as it transitions from a family-managed to a family-owned business.

Hypebeast opening experiential New York flagship
Digital streetwear and lifestyle platform Hypebeast is unveiling its first U.S. flagship retail building in the heart of Manhattan’s Chinatown on June 17.

Lusix goes 100pc solar-powered in diamond production
LVMH-backed lab-grown diamond (LGD) producer Lusix has announced that its entire diamond-growing operation is 100 percent solar-powered.

Fed makes historic 0.75pc rate hike
The United States Federal Reserve has increased interest rates by 0.75 percent, the largest hike since 1994, in response to growing inflation.

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