March 5, 2021
Luxury Daily’s live news for March 5:
HBC splits Saks ecommerce, stores into separate businesses
Hudson’s Bay Company is spinning off the ecommerce site for U.S. department store chain Saks Fifth Avenue into its own separate entity as luxury ecommerce continues to grow.
Bentley appoints Volkswagen veteran in top sales and marketing role
British automaker Bentley Motors has named Alain Favey as its new board member for sales and marketing, tapping into his electric vehicle experience.
NetJets agrees to purchase supersonic business jets
Private aviation firm NetJets has reached an agreement with aircraft company Aerion to purchase supersonic business jets as it expands its fleet with an eye towards sustainability and convenience.
Christie’s pledges to be net zero by 2030
Auction house Christie’s is committing to more sustainable operations and setting several benchmarks to achieve net zero carbon emissions by 2030.
WeChat cannot be overlooked by luxury brands in China
Mobile application WeChat is still the bellwether for luxury brands looking to improve their omnichannel marketing to better reach affluent consumers in China.