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News briefs

Sephora, Neiman Marcus, Porsche and luxury watch counterfeits

June 14, 2023

Porsche has once more topped leading brand valuation consultancy Brand Finance’s annual “Luxury & Premium 50” list. Image credit: Porsche. Image credit: Porsche

 

Luxury Daily's live news for June 13:

Sephora selects Shanghai for second-ever ‘Store of the Future’ opening
LVMH-owned beauty retailer Sephora is pushing a future-forward shopping concept abroad.


Neiman Marcus announces new corporate hub
NMG, the parent company of U.S. retailer Neiman Marcus, will soon open a fresh space to support hybrid and remote workers.


Porsche tops global ranking of most valuable luxury names
Valued at $36.8 billion, German automaker Porsche has taken first place on Brand Finance’s annual list.


Nearly $1.3B worth of counterfeit luxury watches seized at LAX
Over the course of five weeks, U.S. Customs and Border Protection officers have discovered 41 fake timepieces at the Los Angeles International Airport.


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