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Day’s wrap: Estée Lauder, BMW, Mr Porter, Balenciaga, The Modist and Le Clos

April 25, 2018

Luxury Daily's live news from April 25 - Estée Lauder extends parental leave benefits for employees to 20 weeks; BMW previews new model in mobile racing game; Mr Porter hires Chris Wallace as new US editor; Balenciaga, Gucci, Vetements top Lyst rankings of “hottest brands”; The Modist launches its own label, Layeur; Le Clos sells most expensive whisky ever recorded for $1.2M.

Zegna Group raises revenue 8pc in first quarter

April 24, 2024

Strong performances in the Americas and across EMEA pushed the Italian luxury conglomerate toward positive growth.

Porsche named official electric vehicle of 2024 Met Gala

April 24, 2024

The German automaker's Macan model will shine alongside the stars during one of the biggest nights in luxury fashion.

Kering rocked by 11pc sales dip in Q1

April 24, 2024

The French luxury conglomerate's financial losses are attributed to its underperformance in Asia, as well as Italian fashion label Gucci's declining sales.

Christofle opens pop-up showroom in West Hollywood

April 24, 2024

The French silversmith is hosting an appointment-only boutique inside a high-end residential community through May 31, 2024.

YSL Beauty adds Bahamas, Colombia to rewilding project scope

April 24, 2024

The French brand's charitable effort enters Latin America and the Caribbean, where luxury markets are blossoming.

Luxury Unfiltered: Redefining luxury trainings and masterclasses for a world of disruption

April 24, 2024

Luxury Unfiltered is a weekly column by Daniel Langer, an expert in luxury branding, hospitality and activations who was named a “Global Top 5 Luxury Key Opinion Leader” by Netbase Quid.

The RealReal ends Earth Month with in-store donation program

April 23, 2024

Proceeds from the luxury resale platform's new initiative running through April 30 will benefit environmental protection nonprofit Conservation International.

Annual operating profits down 18pc at Valentino

April 23, 2024

The Italian fashion house is joining a list of fellow luxury names continuing to navigate a global sales slowdown.

Bon Appétit out with first ‘Drinks’ issue in over 50 years

April 23, 2024

The special issue hits newsstands on April 23.

Tapestry, Capri Holdings respond to FTC lawsuit opposing merger

April 23, 2024

The U.S. fashion groups are in talks over an attempt from the U.S. Federal Trade Commission to stop the deal.

Annual report from Vestiaire Collective makes business case for circularity

April 23, 2024

On average, secondhand items sourced from the luxury resale platform are worn 76 percent more times than fast fashion pieces purchased elsewhere.

Ginori 1735 applies pastel twists to tableware staples

April 23, 2024

The Kering-owned Italian porcelain brand is leaning into the midcentury design craze taking hold of luxury consumers with the release of the Diva collection.

Luxury growth at L’Oréal lags in Q1

April 22, 2024

The beauty group's Luxe portfolio is starting the year with a marginal growth stall.

Tod’s unveils ‘Art of Craftsmanship’ exhibition at Venice Biennale

April 22, 2024

The Italian fashion label is celebrating technical expertise using one of its most timeless styles.

Rolls-Royce to debut bespoke commissions at Auto China 2024

April 22, 2024

The British automaker's three one-of-one editions mark the first-ever deliveries from its Shanghai private office, opened in 2023.

LVMH, CFDA launch Earth Week video series

April 22, 2024

Viewers can catch the “Voices of Impact” episodes on both partners’ YouTube pages, starting April 23.

OOH marketing from Zegna uplifts legacy in Milan

April 22, 2024

The Italian menswear brand is using billboard ads, themed newsstands, retail takeovers and more to promote a new, eco-conscious book release during Salone del Mobile season.

Cash buyers spiking US luxury home sales: Redfin

April 22, 2024

Last quarter, the market reached year-on-year increases for the first time since August 2021, according to the real estate brokerage.

Mandarin Oriental hosts charity gala in London

April 19, 2024

The hospitality brand is promoting philanthropic endeavors with the help of a global talent.

Alexander McQueen exec lands CEO role at Harvey Nichols

April 19, 2024

Hailing from an esteemed fashion house, Julia Goddard will start at the British department store in June 2024.

Nordstrom family circles back on plan to go private

April 19, 2024

The U.S. department store chain is forming a special committee to explore the possibility as American retail struggles to find its footing.