Luxury Daily’s live news for May 12:
Saks strengthens financing to support growth
Saks, the ecommmerce counterpart to U.S. department store chain Saks Fifth Avenue, has completed a successful financing round as it looks to capitalize on the economic recovery.
IMG taps Afterpay for NYFW sponsorship, consumer-facing programs
New York Fashion Week is partnering with payment provider platform Afterpay for a multiyear sponsorship deal beginning this September.
Aston Martin adds to dealer network in Europe
British automaker Aston Martin is expanding its dealer network across Europe as it looks to strengthen its positioning.
Luxury brands commemorate Eid al-Fitr
Luxury brands are turning to social media to wish Muslim affluents Eid Mubarak at the end of Ramadan.
LVMH reveals comprehensive update on sustainability efforts
French luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton is offering a transparent overview of its progress regarding social and environmental initiatives in a thorough report.