Luxury Headlines – 03/06/2024
Luxury Headlines – 03/06/2024
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LVMH Brand Make Up For Ever Stages Anniversary Exhibition in Paris
Under a themed exhibition titled "Palette of Emotions," LVMH-owned beauty brand Make Up For Ever celebrates its 40th anniversary with 40 looks created by its Academy attendees. The exhibition will take place at the Jardin d’Acclimatation in Paris. In honor of the occasion, the beauty brand collaborated with augmented reality artist Johanna Jaskowska to create 4 Instagram filters.
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Aman Unveils New Tokyo Standalone Residential Project
Aman brings its signature minimalist and inviting environment design to Tokyo. The Aman Residences, Tokyo, feature 91 apartments at the very top of the Azabudai Hills Mori JP Tower, Japan's tallest residential building. Toronto and New York-based interior design firms Yabu Pushelberg developed the interiors. Amenities and common spaces like a spa, tea room, and lounges cater to residents' desire for ultimate leisure and relaxation. Apartments are selling fast, with few units remaining available.
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Golden Goose Prepares for Milan IPO
Golden Goose is set to launch its IPO in due course, continuing the strong streak from European listings this year. Investors value Golden Goose at around $3 billion, including net debt. This represents 11 times the brand's expected earnings in 2024. Permira, the private equity owners of Golden Goose, have not commented on the timing of the IPO, and deliberation is still ongoing regarding the size of the IPO. Permira bought the brand in 2020 for $1.3 billion.
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Fendi Appoints New CEO Pierre - Emmanuel Angeloglou
LVMH continues to make changes to its leadership appointments. Pierre-Emmanuel Angeloglou takes the lead as Fendi CEO starting June 1st, in addition to his existing role as a managing director of LVMH Fashion Group. Serge Brunschwig, Fendi’s current CEO, will transition to a new position within LVMH Group.
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Bottega Veneta Debuts in Cancun
Kering-owned Bottega Veneta, makes its debut in Cancun with a new flagship store at La Isla shopping center. The new flagship store is Kering's 7th boutique in Mexico. The store design leverages classic Italian elements and craftsmanship to communicate the brand identity to South American clients.
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Richard Mille Introduces New Watch in Collaboration with Rafael Nadal
Richard Mille has launched the latest RM 27-05 watch, collaborating with tennis champion Rafael Nadal. By rigorously testing the watch under real conditions during tournaments, Nadal solidifies its exceptional durability and quality. Limited to only 80 pieces available across Richard Mille's boutiques worldwide, the new RM 27-05 retails at $1.1 million. Since the start of Nadal’s career in 2010, Richard Mille has been a loyal supporter of the athlete.
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