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LVMH sold Patou on 31 July to Dilesh Mehta’s Nirvana Investments. Revenue tripled since 2021 to EUR 13.76 million, alongside roughly EUR 23.94 million of cumulative losses. The tolerance for loss-making houses has been withdrawn.
Combined auction sales at Christie’s, Sotheby’s and Phillips reached USD 6.77 billion in the first half, up nearly 70%. But close to a third came from single-owner collections and lot counts remain below the peak.
A consultant sells judgement and leaves. An agency sells capacity and stays. Most companies buy the wrong one because they misdiagnose whether they need a decision or an execution.
Luxury websites are judged by conversion-rate optimisation standards, and almost every CRO best practice damages a luxury brand. The site’s job is to qualify, not to convert.
A brand brief is a decision document, not a wish list. If nothing in it costs you money, nothing has been decided. The eight sections, and the two that actually carry the weight.
Luxury brand management is not growth management, it is scarcity management. The standard brand manager’s toolkit reads, applied to a maison, as a list of instructions for destroying it.
Four Seasons Resort Red Sea at Shura Island has opened, and beOnd is launching direct all-premium flights from five European cities. The story is not another resort. It is the arrival of the access the resorts were built for.
A bill filed in the French National Assembly would bar yachts of 50 metres and above from French ports and territorial waters, with fines up to 15% of vessel value. It will almost certainly fail, and that is not the useful question.
Rents on Madison Avenue are rising for the first time in a decade as brands prioritise affluent neighbourhoods where clients live over high-traffic tourist corridors. Placement now matters more than scale.
Japanese department store sales of gems, precious metals and artwork rose 19% to a record JPY 330 billion. The surge is domestic, not tourist-driven, and the driver is a yen at its weakest since the 1980s.
