Follow us: Luxe Packaging Insight – news & innovations on the luxury packaging market

Luxurynsight raises €2m in funds

Alissa Demorest
Be the first to react

Comment

Luxurynsight raises €2m in funds

A provider of data-driven solutions for the luxury, fashion and beauty markets, Luxurynsight has secured an investment of €2m from new investors Xiamen Qishang Equity Investment, Tandem Venture Capital and Leadway International Investment.

The company will use the funds mainly to bolster its growth in China and to continue developing “cutting-edge” data solutions. “We have always believed that the luxury industry needed to go through a strong change. The recent crisis has only accelerated this trend and forced us to put an even stronger focus on developing innovative approaches and technologies for leaders to navigate their immediate challenges and develop strategies to grow in the new world,” explains the company.

Luxurynsight released a report on the rebound of the luxury and beauty business in China this summer.

Founded in 2011, the company opened an office in Shanghai in 2019 and also operates a China Desk in Paris.

See the Fall issue of our sister magazine Formes de Luxe for an interview with Luxurynsight CEO Jonathan Siboni on the Chinese luxury consumer.

 

Editor's picks

Knoll Packaging to debut European production with Albertini Packaging Group deal

Knoll Packaging to debut European production with Albertini Packaging Group deal

A commercial partnership signed with Albertini Packaging Group will allow Knoll Packaging to produce its secondary packaging in Europe for the first time. US-based luxury secondary packaging supplier Knoll Packaging announced a commercial[…]

MakeUp in Paris preps for 12th edition

MakeUp in Paris preps for 12th edition

Van Genechten Packaging adds cold foil technology to offer

Van Genechten Packaging adds cold foil technology to offer

Natural diversity drives new Renegade Rum range

Natural diversity drives new Renegade Rum range

More articles