Authentic Brands Group, the global brand development, marketing, and entertainment platform, is launching a joint venture with Saks Global to grow its luxury and accessible luxury brands, building on its successful collaboration with Barneys New York. The new venture, called […]

Bernard Arnault’s family is nearing the purchase of a majority stake in second-tier football club Paris FC, investing alongside Red Bull, as the billionaire clan diversifies into sports, people familiar with the matter said. Under the terms discussed, the Arnault […]

Axel Dumas, the executive chairman of Hermès, is contemplating entering haute couture. The brand, best known for its luxe silk scarves and handbags, might now come up with custom-fitted clothing. “We could do cou­ture — we don’t rule it out,” […]

Saudi Arabia’s Public Investment Fund is set to become a minority partner in UK department-store chain Selfridges after buying out the position of the now-insolvent Signa Group. The PIF has signed a binding agreement for a total buyout of Signa’s […]

Prices for used luxury watches rose modestly last month, led by Patek Philippe, as the market continues to stabilise after two-and-a-half years of decline. The Bloomberg Subdial Watch Index, which tracks prices for the 50 most traded models by transaction […]

Armani Group announces the opening of its new Emporio Armani store in  Düsseldorf, Germany. The store, that has relocated to Königsallee 11, has been fully renovated and features a new design concept. Spread over 3 floors and covering a total of 450 square meters […]