luxury

On August 11, 2025, SMCP (including Sandro and Maje) announced the end of a legal battle from 2021. Following a ruling by the High Court of Singapore, the 15.5% stake that had been wrongfully...

20 August 2025

Ahead of an I.P.O., Reliance is reorganising a luxury division to increase capitalisation

According to The Economic Times on June 25, Reliance Industries integrated the luxury subsidiary Reliance Brands (85 brands, including Burberry, Bottega Veneta and Tiffany & Co.) into a main...

25 June 2025

With Faume, Soeur launches into second-hand goods via an omnichannel approach

On February 26, 2025, the French fashion brand Soeur (turnover of €65 million in 2024, up by 30% in a year via 54 points of sale in Europe) rolled out a second-hand platform “Sœur...

3 March 2025

Faced with the downturn in Asia, Kering’s sales fell by 12% and LVMH by 2%

For LVMH and Kering, the world's n°1 and n°3 luxury retailers, Asia, which had long been a growth driver, has weighed down annual results in 2024. Meanwhile, the 25% tariffs announced on February...

30 January 2025

Richemont takes control of 33% of Mytheresa in exchange for sale of YNAP

On October 7, 2024, Richemont (sales of €20.62 billion in 2023, up 3.3%) announced the sale of Yoox-Net-A-Porter (YNAP ) to German marketplace Mytheresa (sales of €840 million in the...

7 October 2024

Emaar Properties invests US$400 million to expand the Dubai Mall

The Dubai Mall (opened in 2008) is about to undergo major works. Owner Emaar Properties is investing US$410 million to expand the world’s 6th largest shopping centre, that covers 1.11...

26 September 2024

Aldar Properties and Mubadala create a US$2.45 billion joint venture

On September 18, the Prince and Chairman of the Executive Council of Abu Dhabi, Sheikh Khaled bin Mohamed, announced a partnership between Aldar Properties and Mubadala in Abu Dhabi. By the end of...

20 September 2024

The Emirates abolish customs duties on Australian imports

On September 17, the United Arab Emirates (UAE) and Australia signed a trade agreement aimed at boosting investment and bilateral trade between the countries. The agreement, the date of which was...

20 September 2024

Manufactures Dior under court administration for ‘exploitation’ of workers

In Italy, on June 10, the Milan court declared Manufactures Dior ‘incapable of preventing and controlling’ the exploitation of workers in sub-contracting. The Italian subsidiary was...

2 August 2024

The Saudi public investment fund wants 50% of Selfridges

On July 15, following the publication of an insolvency report on the Austrian property company Signa, the Saudi Arabian Public Investment Fund (PIF) wants an increased stake in Selfridges (2023...

2 August 2024

Galeries Lafayette enters second-hand jewellery and watch market

In Paris, Galeries Lafayette sees second-hand as a ‘drive to store’ opportunity. On June 23, the chain opened Hojo Vintage in the Haussmann flagship store, a 30 sq.m boutique selling...

29 July 2024

Luxury goods: in the 1st half, LVMH cannot escape market slowdown

On July 23, LVMH (2023 sales: €86.15 billion, up 9%, after a 23% increase in 2022) published results for the first half to the end of June. Sales, down 1% at constant exchange rates to...

25 July 2024

Supreme acquired by optics giant Essilorluxottica for US$1.5 billion

On July 17, optics manufacturer Essilorluxottica (sales of US$27.21 billion in 2023, up by 7.1% at constant exchange rates) announced a purchase of New York-based Supreme from VF Corp for...

19 July 2024

Luxury: Shunned in Asia, Burberry sales fall 20% in Q1

On July 15, Burberry (sales of US$3.75 billion for the financial year to the end of March 2024, stable) announced sales of US$579 million for the 3 months to the end of June, down 20% at constant...

15 July 2024

Yoox-Net-A-Porter bids farewell to China under pressure from competitors

On June 14, Switzerland’s Richemont (2023 sales of €20.62 billion, up by 3.3%), owner of Cartier, Van Cleef & Arpels, etc., announced the closure of the Yoox Net A Porter (YNAP)...

20 June 2024

E-commerce: LVMH and Alibaba combine cloud and AI technologies

On May 22, at Viva Technology, in Paris, LVMH and Alibaba announced a five-year technology partnership to optimise customer experiences and logistics (inventory management, distribution) of the...

24 May 2024

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Aroma-Zone and Najar reveal the behind-the-scenes of a strategic partnership

As the adoption of AI results in increasing cost volatility for companies, mind Retail spoke in Monaco with Christelle Glaszer, Manager of Indirect Purchases at Aroma-Zone natural beauty retailer...

13 March 2026

After-sales service: Prolong aims to become the OS of repair and adds 3 luxury brands

Signing of three high-end clients, launch of a maintenance passport, imminent Seed funding round and cloud migration project in China… At a 1-to-1 conference in Monaco, the Founder of Prolong...

12 March 2026

Regulatory: With 200,000 Digital Product Passports issued, Darty scales up

While the European Commission is set to vote on delegated acts to specify requirements for home appliances, Darty is accelerating a Digital Product Passport (DPP) push by integrating new products...

11 March 2026

Electronic labels: Hanshow accelerates breakthrough and signs with a leading British retailer

While the leader in electronic labels, Vusion exceeded €1.47 billion in revenue in 2025, rival Hanshow is stepping up a global offensive, winning a strategic account in the U.K. and a new POC for...

27 February 2026

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Profound raises US$96 million in Series C funding, becoming a first GEO unicorn

Founded in 2024 in New York by James Cadwallader, GEO startup Profound raised US$96 million on February 24, 2026, in a Series C round led by Lightspeed Venture Partners, including Sequoia Capital...

25 February 2026

Klépierre, URW, Carmila: in 2025, retail media and services accounted for nearly 10% of net rental income

Published on February 12 and 19, annual financial results of the three major European property companies show that Klépierre, Unibail-Rodamco-Westfield, and Carmila are no longer singing from the...

24 February 2026