Luxury Headlines – 9/12/2024
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Richemont Names New Watchmaker Leadership
Swiss luxury group Richemont, has announced leadership changes within two of its watchmaking houses, effective January 1st, 2025. Laurent Perves has been named new CEO of Vacheron Constantin, while Jérôme Lambert will return to his former role as CEO of Jaeger-LeCoultre. Catherine Renier, the previous CEO at Jaeger-LeCoultre, has been appointed the new CEO of Van Cleef & Arpels.
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Bottega Veneta Opens VIC Flagship in NYC
Bottega Veneta has opened an exclusive residence above its New York City flagship store on Madison Avenue, designed for its VICs (very important customers). The private loft, envisioned by Creative Director Matthieu Blazy, available by appointment only, offers exclusive access to Bottega Veneta's latest collections, including high-end fragrances and jewelry. Additionally, it provides personalized services such as private consultations, preview presentations, and bespoke tailoring. The residence will serve as a venue for community-building events as well. This marks Bottega Veneta's second private residence, following the opening of its Venice residence in June.
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Balenciaga Releases Collaborative Collection with Lamborghini
Balenciaga's creative director, Demna Gvasalia, has unveiled a collaboration with luxury automaker Lamborghini under the name Balenciaga x Automobili Lamborghini. This partnership, part of Balenciaga's Fall 2025 collection, seamlessly merges Lamborghini's racing heritage with Balenciaga's avant-garde aesthetic. In honor of this collection, a limited-edition white t-shirt featuring the 2025 Lamborghini Temerario is released, with only 630 pieces available. The full Balenciaga x Lamborghini line will be available in Spring 2025 in selected stores and online.
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Bentley Manufactures Bespoke Fleet for Peninsula Hotel Hong Kong
British luxury automaker Bentley has revealed a fleet of 4 bespoke Bentayga SUV Extended Wheelbase (EWB) Azure models for The Peninsula Hong Kong. These vehicles, crafted by Bentley's Mulliner division, will serve as luxurious transportation for guests of the five-star hotel. Offering unparalleled comfort and style, each car has been meticulously tailored to The Peninsula's specifications featuring the signature Peninsula Green for the exterior. The fleet has been crafted at Bentley's Dream Factory in Crewe, England.
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Swarovski Enters Beauty and Fragrance in Partnership with Coty
Renowned Austrian crystal brand Swarovski has signed a long-term agreement with Coty to create and distribute a new line of fragrances and beauty products. With a global presence in more than 150 countries, 2400 boutiques, and partnerships with select retailers, Swarovski's entry into the beauty industry is expected to elevate the brand's luxury positioning and appeal to a wider audience. The first offerings from this partnership are expected to launch in 2026. Swarovski first ventured into the fragrance market in 2010, with the launch of the Aura collection in partnership with Clarins Fragrance Group, which was later discontinued.
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