February 3, 2021
Luxury Daily’s live news for Feb. 3:
Douyin sues Tencent over anti-monopoly laws
The popular ByteDance-owned short video sharing app Douyin has filed a lawsuit against Chinese technology firm Tencent Holdings over monopolization accusations.
Capri Holdings sees improvement in Q3 revenue
Fashion group Capri Holdings is showing signs of recovery, having surpassed Q3 revenue estimates.
Saks Fifth Avenue launches new benefits for cardholders
Department store chain Saks Fifth Avenue has updated its membership and rewards program SaksFirst to strengthen client loyalty.
Christie’s faces international lawsuit over art set
Mexico’s National Institute of Anthropology and History (INAH) has filed a legal claim over more than 30 pre-Columbian artifacts to be sold at auction house Christie’s in Paris next week.
Magellan Jets, IYC elevate Super Bowl watch parties
Private aviation company Magellan Jets and yacht charter firm IYC have teamed up to provide guests the ultimate Super Bowl 2021 viewing experience.
How luxury labels use LinkedIn to maintain connections
While platforms such as Instagram and Facebook have been deemed critical channels for brand development, luxury fashion brands should not overlook the effective marketing opportunities presented by networking site LinkedIn.