Keywords: LUXURY


Luxury Group Cucinelli tightens sanctions compliance controls after allegations

Italian luxury group Brunello Cucinelli has strengthened its internal controls on compliance with European Union sanctions following allegations concerning potential violations related to exports to Russia. According to its latest annual report, the company adopted a reinforced trade compliance system......

Arnault warns of global fallout as Middle East conflict hits luxury

LVMH chief executive Bernard Arnault has warned of severe global economic consequences if the conflict in the Middle East continues, as the luxury group faces a sharp slowdown in one of its fastest-growing regions. His remarks come as the company expands its retail presence in Dubai while confronting......

Chanel unveils spring 2026 eyewear campaign with global ambassadors

Chanel opens the spring 2026 season with a new eyewear campaign that positions glasses as a tool of identity rather than a simple accessory. The visual series presents tightly framed portraits that place the gaze at the center of the composition. Shot by Craig McDean, the campaign features Nicole Kidman,......

Kering to acquire stake in Chinese luxury brand icicle

French luxury group Kering, the owner of Gucci, has announced that it will acquire a minority stake in Shanghai-based Icicle Fashion Group as part of a new strategic partnership with its parent company, ICCF. The investment reflects Kering’s continued efforts to strengthen its presence in the......

Chanel expands in California with the acquisition of a new vineyard estate

Chanel continues to strengthen its presence in the global wine industry with the acquisition of Rudd Estate, a prestigious vineyard located in California’s Napa Valley. The French luxury group, already active in viticulture for decades, particularly in Bordeaux with Château Rauzan-Ségla,......

Burberry sees strong growth potential in Asia despite rising competition

Burberry has reaffirmed its confidence in the long-term growth potential of the Asian market, even as competition in the region continues to intensify. Speaking at a major investment conference in Hong Kong, the company’s chief financial officer, Kate Ferry, highlighted Asia as a key driver of......

Gucci owner Kering to add ex-Chanel and Mandarin Oriental execs to board

Kering, the French luxury conglomerate behind Gucci, Saint Laurent and Balenciaga, plans to appoint two new board members: Marie-Hélène Chenut, former Chanel executive, and Laurent Kleitman, Mandarin Oriental Hotel Group CEO. Bloomberg and The Business of Fashion reported Wednesday. [ from......

GITEX Africa 2026 guide highlights top hotels near Marrakech venue

As GITEX Africa Morocco 2026 approaches, organizers have released a curated list of hotels in Marrakech to help visitors secure accommodation close to the exhibition site at Place Bab Jdid. The selection focuses on proximity, comfort, and international standards, as thousands of entrepreneurs, investors,......

LVMH posts worst quarterly stock drop in its history as Arnault loses $56 billion

Bernard Arnault, chairman of LVMH, shed roughly $55.9 billion from his net worth during the first three months of 2026, according to the Bloomberg Billionaires Index, as the world's largest luxury conglomerate recorded its steepest quarterly stock decline on record. The losses reduced his fortune......