Luxury Daily’s live news for Nov. 11:
Burberry revenues return to pre-pandemic levels
British fashion house Burberry is reporting that its revenue has reached pre-pandemic levels in the first half of its financial year.
Gucci names Mina Shin, Jungjae Lee new global ambassadors
Italian fashion label Gucci is announcing two new global brand ambassadors, Korean actors Mina Shin and Jungjae Lee.
Balmain partners with Netflix on Western-inspired collection
French fashion label Balmain is collaborating with global video streaming platform Netflix on a collection modeled after a new film.
Bentley renews carbon neutrality certification at Crewe
British automaker Bentley Motors is renewing its carbon neutrality certification for operations, further emphasizing its appeal as a sustainable marque.
1stDibs launches new auction service, curated collection
Online marketplace 1stDibs is launching an auction vertical to engage consumers with different buying preferences.
Future of luxury investment: it is a seller’s market
The luxury sector has seen a recent uptick in merger and acquisition activity as well as innovative investments, and experts believe consolidation will continue and conglomerates will grow stronger.