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Day’s wrap: Kering, Vestiaire Collective, Rolls-Royce, Redfin, TCS World Travel, Ralph Lauren

Vestiaire Collective raised $216 in its latest funding round. Image credit: Vestiaire Collective

 

Luxury Daily’s live news for March 2:

Kering invests in latest funding round for Vestiaire Collective
Resale platform Vestiaire Collective has announced another successful funding round, backed by French luxury conglomerate Kering, as growth in the pre-owned fashion sector continues to accelerate amid the COVID-19 pandemic.

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Rolls-Royce names Chestnut Tree House as 2021 house charity
British automaker Rolls-Royce has selected Chestnut Tree House as its annual house charity, as voted on by its Goodwood employees in a yearly tradition.

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TCS World Travel adds chartered catamarans to lineup
Tour operator TCS World Travel is partnering with yacht charter company The Moorings to introduce all-inclusive luxury catamaran charters.

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Redfin adds new markets for Premier listings
Real estate brokerage Redfin is expanding its offering for high-end home sellers to new markets, as luxury real estate markets across the United States see strong growth.

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Ralph Lauren launches subscription service
U.S. fashion group Ralph Lauren Corporation is starting a subscription rental service as it looks to adapt with evolving consumer behavior.

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Luxury timepieces maintain consumer loyalty in smartwatches’ shadow
Although luxury watches maintain a steady consumer base, no brand has come close to outselling the Apple Watch, the best-selling watch in the world.

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