Regional focus
Natural diversity drives new Renegade Rum range
Caribbean rum producer Renegade Rum Distillery has launched a collection of five new rum expressions. The brand continues to expand its Grenada Island rum production with four new sugarcane farms. On the Caribbean island of Grenada - otherwise[…]
Pictet-Premium Brands: Analyzing the resilience of luxury in crisis times
Earlier this month, Paris-based Pictet-Premium Brands, an investment fund specialized in prestige brands across the beauty, fashion, spirits, hospitality and lifestyle sectors, held a press conference to discuss the state of the luxury market,[…]
Aptar breaks ground on French manufacturing site
Beauty packaging specialist Aptar Beauty + Home has begun construction on its ambitious new industrial site in Oyonnax in France. The new factory replaces five existing sites in the basin and reinforces the supplier’s commitment to Made in[…]
Recovery ahead for the prestige beauty sector in France?
After a turbulent 2020, the prestige beauty market in France continued to suffer from the pandemic in 2021. However, according to the latest figures from NPD Group, the country’s selective beauty sales showed 9% growth last year. Predictably,[…]
Carbios and Indorama Ventures to build bio-recycled PET plant in France
French biotech company Carbios has partnered with recycled PET producer Indorama Ventures to construct a “first-of-a-kind” plant to manufacture bio-recycled PET. The €200m plastic recycling plant is set to be operational in 2025, with an annual[…]
Diageo goes local with first-ever whisky distillery in China
Global spirits group Diageo plans to invest $75m to build its first single malt whisky distillery in China. Construction is expected to debut early this year. In a bid to tap into China’s growing premium whisky market, Diageo is taking a local[…]
Eastman & Loop Industries announce massive investments in French recycling initiatives
Global specialty materials company Eastman and clean technology expert Loop Industries, in partnership with Suez, have each announced plans to invest in ambitious new plastics recycling and processing facilities in France. US-based speciality[…]
Cognac sales outperform with 30.6% increase in 2021
Sales of Cognac increased in both value and volume in 2021, driven by demand in the US and China, according to industry association BNIC. Newer, dynamic markets like South Africa and Nigeria are boosting growth, while the cocktail culture are[…]
China: future champions of green luxury?
Is China more environmentally responsible than the West imagines the country to be? One thing is certain: the luxury industry must make ecology a key part of its strategy in the market, according to panelists at The Emergence of Sustainable[…]
China luxury driven by post-90s & heavy-spending consumers
Mainland China’s luxury market is forecast to grow to RMB630bn ($94.1bn) in 2022, according to the 2021 Tencent x BCG China Digital Luxury Report. A better local shopping environment and changing spending habits are set to drive the 23%-25%[…]
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