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“#How Chanel No. 5 was inspired by the odor of the Arctic Circle” Coco Chanel stood in a laboratory in France, sniffing a series of perfume formulations while her face remained expressionless. It was the summer of 1920, and the French couturier was looking to launch her first signature fragrance. The mission led her to…
“#Google and LVMH unveil ‘AI partnership’ for luxury online shopping” French luxury goods giant LVMH signed a deal to use Google’s AI to help sell products from brands such as Louis Vuitton and Tiffany — and top spenders will have custom-tailored online shopping experiences, the companies said Wednesday. Google’s AI and machine learning tech will…
“#Neiman Marcus faces rift with big luxury labels including Gucci” Neiman Marcus stores appear to be losing their grip on Gucci bags and other luxe goods since the swanky retailer emerged from bankruptcy last fall, The Post has learned. Six months after shedding most of a punishing, $5 billion debt load through Chapter 11, the…
“#Ferrari’s owner is taking a stake in Christian Louboutin” Italy’s billionaire Agnelli family, whose holdings include a controlling stake in Ferrari, is taking a stake in the Christian Louboutin shoe brand. The Agnellis’ firm Exor is paying $643 million for a 24-percent stake in Louboutin to grow its online business and help it expand into…
“#Saks Fifth Avenue owner to split Saks.com into separate business” HBC, the owner of Saks Fifth Avenue said Friday it will split the luxury department store’s website into a separate business from its stores after it raised $500 million. The separation allows Saks.com, which has about $1 billion in annual sales, to raise money to…
“#Wealthy folks are buying jewelry from home during COVID” In pandemic times, if you can’t go to the bling, the bling will come to you. Some of New York City’s high-end jewelers say they’ve had record sales over the past 11 months, all because they’re making house calls. “Our sales are up 300 percent since…
“#Hermès Birkin bags cut up to make Birkenstock sandals” It’s a Birkin-shock — call the fashion police! Hermès Birkin bags, which start at $40,000 a pop and can run as high as $500,000, are being cut up and turned into Birkenstock sandals, thanks to the same company behind the holy water-filled Jesus Shoes. Called Birkinstocks,…
“#This luxury condo in Vancouver has a glass-bottom pool” As you walk by Vancouver’s luxury condominium the Arc, look up. Look way up. You might catch a glimpse of Canadian Olympian Emily Overholt, out for a swim in the sky. The glass-bottom pool, located 200 feet above ground, is built into the bridge that connects…
“#Saks Fifth Avenue reportedly plotting spinoff of Saks.com” Saks Fifth Avenue is looking to spin off its dot-com business in a potential initial public offering within a year. The luxury retailer owned by Toronto-based Hudson’s Bay Co. left the Toronto Stock Exchange in March to become a privately held company, but management has prepared materials…
“#Tiffany shareholders back LVMH takeover, ending dispute” Tiffany & Co’s shareholders on Wednesday approved a $15.8 billion deal with France’s LVMH, ending an acrimonious dispute between the two luxury retailers that had stretched for more than a year. At a virtual special stockholder meeting, more than 99 percent of votes cast were in favor of the…