December 8, 2020
Luxury Daily’s live news for Dec. 8:
LVMH unveils new environmental focus as it kicks off climate event
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton is rolling out a new environmental strategy, five years after the signing of the Paris Agreement.
Savigny Luxury Index posts strong performance in November
The Savigny Luxury Index (SLI), which measures the market capitalization of 17 of the biggest public luxury groups, posted its largest monthly gain since October 2011 in November.
Walpole, BBC StoryWorks to launch debut documentary series on British luxury
Walpole, the trade group for U.K. luxury, has partnered with BBC StoryWorks to produce a documentary series on British luxury.
Wealth-X owner strikes $14.5M deal with WealthEngine
Financial information company Euromoney Institutional Investor PLC, owner of ultra-high-net-worth data firm Wealth-X, is ratcheting up its scale in the wealth management business by acquiring WealthEngine for $14.5 million.
Luxury Daily debuts new conference focused on luxury real estate
Register now for Luxury Daily's State of Luxury Real Estate 2021 eConference on Jan. 14 to listen to more than 25 speakers in the real estate industry, from developers and brokers to market researchers and ecommerce platform specialists. Hosted in association with Luxury Portfolio International, the event will be free to all.
Free Webcast on Dec. 16: Luxury Real Estate Outlook 2021
Registration is open for the free webinar Dec. 16 at 11 a.m. to noon New York time on five trends that will dominate the luxury real estate business in the United States and worldwide in 2021. Affluent consumers are making health-driven lifestyle choices amid the COVID-19 pandemic that will continue to shape the luxury property market and fuel growth as long as inventory holds out. Register now!
Moncler’s first acquisition hints at future ambitions
French-Italian outwear brand Moncler is acquiring the owner of popular streetwear brand Stone Island in a move indicating the luxury label will be a buyer, as the sector potentially consolidates in the coming months and years.