Luxury

Luxury skiwear and lifestyle brand Perfect Moment announced on Wednesday two financing transactions totaling approximately $6.6 million. 

Family-owned British jeweller Pragnell has extending its roster of UK sporting ambassadors, signing cricketer Jacob Bethell.

Swatch Group AG shares jumped after Chief Executive Officer Nick Hayek soothed investor nerves over the impact of Donald Trump’s tariffs on the watchmaker’s US business.

French fashion house Karl Lagerfeld unveild on Wednesday its new fall 2025 campaign featuring entrepreneur and heiress Paris Hilton, marking her debut as brand face.

Tavares 1922, the century-old Portuguese jewellery brand, is stepping into Harvey Nichols in London and Trnk NYC, aiming for €500,000 in international sales while strengthening its luxury presence abroad.

Portugal Jewels’ flagship store in Lisbon’s Chiado district has been nominated for two major international awards, highlighting its unique design that blends heritage, culture, and innovation.

PVH Corp. boosted its forecast for the current year following stronger sales in the second quarter on celebrity partnerships and entertainment deals. 

Swarovski has opened a new boutique in MadeiraShopping, showcasing its spring-summer collection with global ambassador Ariana Grande adding glamour to the brand’s crystal universe.

​Victoria Beckham on Tuesday reported “another year of strong sales growth in fashion and beauty”. It was the fourth consecutive year of double-digit revenue growth.

​Tommy Hilfiger has launched its fall 2025 campaign with actor Nicholas Hoult and supermodel Claudia Schiffer. “The Hilfiger Racing Club” mixes luxury motorsport nostalgia with a reinvention of classic prep. 

While the market trend is toward contraction, department stores and malls are holding their own and evolving toward new formats.  

Portuguese footwear exports reached €843M and 36M pairs in H1 2024, rising 3.7% in value. APICCAPS reports global gains despite market challenges, with strong growth in Germany and concerns in the Netherlands.

Burel Factory introduces flip flops crafted in Serra da Estrela using recycled waste from its 100% wool burel and natural latex rubber—merging circular design with comfort and sustainability.

Dubai is attracting a record number of millionaires, thanks to tax-free living, political stability, and luxury perks—transforming it into the world’s top destination for ultra-wealthy expats.

Pandora has appointed Aurélie Alexandre as managing director for Spain and Portugal. Based in Madrid, she replaces Alizée Huitorel and will lead the brand's growth in the Iberian market.

Richemont is bringing Italian jewelry house Vhernier to Asia with a new Hong Kong boutique opening this year. The move aims to boost local retail and strengthen the group’s luxury jewelry portfolio in the region.