BMW reported higher-than-expected quarterly profits, defying the chip shortage that is hitting all carmakers hard.
[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text] Due to a recovery in demand for luxury goods, Ralph Lauren Group has announced that it is raising its growth forecast for 2021. However, the group warns that supply
Qatar and Rolls-Royce are to join forces in a multi-billion pound project to develop and invest in green technology start-ups in the UK and the Gulf state.
Investors remain in limbo as they await the FED’s approval of plans to scale back its bond-buying programme. Asian equities remain mixed, with earnings flat to slightly down.
[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text] According to Arizton Advisory and Intelligence, the luxury fashion market has a bright future ahead of it, driven by the growing demand from millennials and Generation Z.
[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text] The American hotel group Radisson Hotel Group is planning to double its African portfolio and increase its number of properties in West and Central Africa from twenty-five to fifty
Daimler AG, a global supplier of premium cars and commercial vehicles, reported on Friday a higher quarterly profit than in the third quarter of 2020.
Damien Bertrand, current CEO of Dior, will take over the reins of the Italian brand Loro Piana as of November 15, 2021.
Corrective lenses manufacturer EssilorLuxottica reported strong revenue growth in the third quarter, led by strong sales momentum in North America and the integration of Dutch optical distributor GrandVision. This strong growth enables
[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text] Mercedes climbs to No. 8 in the latest Interbrand rankings as the world’s most powerful luxury car brand, ahead of BMW and Tesla.