Luxury

Digital Spin-Offs Are Suddenly in Fashion as Ailing Dept Stores Seek Easy Fixes
Digital Spin-Offs Are Suddenly in Fashion as Ailing Dept Stores Seek Easy Fixes
December 21, 2021  |  Retail

Forget about faux fur, puffy vests or warm woolen knits; the most fashionable trend at department stores this holiday season has nothing to do with...

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Zegna Goes Public Through $3.1B SPAC Deal with Investindustrial 
Zegna Goes Public Through $3.1B SPAC Deal with Investindustrial 
December 20, 2021  |  SPAC

Italian luxury fashion company Zegna is making its debut on the New York Stock Exchange Monday (Dec. 20) under the ticker symbol ZGN after a...

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From Armani to Zegna, B2B Marketplaces Transform High-Touch World of Luxury Wholesale
From Armani to Zegna, B2B Marketplaces Transform High-Touch World of Luxury Wholesale
December 20, 2021  |  B2B Payments

Digital wholesale management platform JOOR has added another outfit to its wardrobe. Already serving business-to-business (B2B) buyers and sellers in the luxury spaces, it’s now...

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Luxury Retailers Look to a Comfortable 2022
Luxury Retailers Look to a Comfortable 2022
December 16, 2021  |  Retail

Luxury brands in Europe and the U.S. are looking forward to a robust 2022 following 18 months of strong sales, even in the midst of...

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Sotheby’s Sells $7.3B in Art in 2021 Thanks Partly to First-Time Bidders
Sotheby’s Sells $7.3B in Art in 2021 Thanks Partly to First-Time Bidders
December 15, 2021  |  Earnings

Sotheby’s has sold $7.3 billion in art sales this year, a new high for the 277-year-old company, The Wall Street Journal (WSJ) reported Wednesday (Dec....

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Luxury Reseller Rebag Bags $33M in Series E
Luxury Reseller Rebag Bags $33M in Series E
December 15, 2021  |  Investments

The online luxury goods reseller Rebag says it has raised $33 million through a Series E round, bringing the firm’s total funding to $101 million....

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Chanel Hires Leena Nair as Youngest, First Female CEO
Chanel Hires Leena Nair as Youngest, First Female CEO
December 15, 2021  |  Retail

Chanel has appointed Leena Nair as global chief executive officer, grabbing the company’s youngest and first female CEO after her 30-year tenure at consumer goods...

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IP-Stealing Artist Gets Burned by His Own Game as Cyber-Sleuths Pirate ‘MetaBirkin’ NFTs
IP-Stealing Artist Gets Burned by His Own Game as Cyber-Sleuths Pirate ‘MetaBirkin’ NFTs
December 13, 2021  |  NFTs

Two wrongs don’t make a right, as the old adage goes — but in some cases, the latter retaliatory act does provide a sense of...

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Luxury Resale Is Booming, But Some Luxury Brands Fear Cannibalization
Luxury Resale Is Booming, But Some Luxury Brands Fear Cannibalization
December 09, 2021  |  Retail

Any college-level Business 101 course makes at least a cursory mention of cannibalization, in which companies can inflict unintentional harm as new products edge out...

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