In the spirit of sustainability through waste reduction, LVMH has launched a new platform that sells off its deadstock fabrics. Named Nona Source – Nona is one of the Parcae in Roman mythology that spins the thread of life, and Source is a reference to “sourcing” – this new, largely o…
Tag Archive for Business
Birimian is Africa’s First Investment Company Dedicated to Luxury Brands
Birimian, the first operational investment firm dedicated to connecting African luxury and heritage fashion brands with international investors, has launched to accelerate the international emergence of African creators and designers brands. Founded with an all-female executive team, Birim…
Should the CBN’s Negative Report for Luxury Goods Alarm the Industry?
According to major news outlets, Nigerian consumers “are not likely to purchase expensive or luxury items in the next 12 months.” This assertion is based on the Central Bank of Nigeria’s (CBN) Consumer Expectations Survey (CES) report for December 2020 released by the Statistics Department of the…
Sotheby’s New Platform Bypasses its Signature Auction Process
Sotheby’s, the premier auction house, is diversifying its business model and has launched a new platform that allows consumers to purchase luxury items without having to go through the bidding process and its extra fees. In a world where consumers are becoming ever more discerning and wanting qui…
These Luxury Accessories Startup Founders Leverage Social Media for Exponential Growth
Omar and Zane Sabré are the cofounders of luxury accessory brand Maison de Sabré and have seemed to find a way to make their products stand out among the competition. Specializing in monogrammed phone cases and small leather goods, the entrepreneurial brothers say their brand pulled in $1.9 milli…
Gaming and Luxury Brands Collaborate: Perfect Imperfection?
Even before the global pandemic that led to lockdown orders all over the world, luxury brands, especially fashion brands, were already sashaying into the world of gaming. In 2019, Moschino designed a capsule collection for The Sims as well as an equivalent collection that was available to buy. In…
5 Creative Ways to Appreciate Your Employees this Christmas
2020 has been a truly remarkable year, one that has pushed humans and nature alike to their extremes. The whole world has undergone rapid and dramatic changes in one year that would have taken it at least 10 years to accomplish. This year, countries who hoped for a robust economy have found thems…
ASPIRE Pick of the Week: The Must-Have Bags by Aaboux
When Zainab Aliyu decided to embrace the creative side of her genes, she did not immediately think ‘luxury leather bags.’ “I am a chartered accountant, but I come from a family of creatives…so I always knew that I was one,” she tells me over a recent phone interview. “My older sister …
Vogue Announces Chioma Nnadi as Vogue.com Editor
Monday morning, Anna Wintour announced through an e-mail naming Chioma Nnadi as the editor for vogue.com. Anna Wintour, of course, remains the artistic director of Condé Nast and the Editor-in-chief of Vogue, but this position puts Nnadi in charge of all Vogue’s digital content as compared to he…
Amazon Luxury Stores Goes Live!
After weeks of speculation and expert advice on the advantages of going with Amazon if the rumours of a new luxury store prove to be true, the e-commerce giant has finally responded by announcing the launch of ‘Luxury Stores,’ a new arm that caters to luxury and premium goods lovers. The first sh…