Regional focus - Page 2

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[…]

How are Albéa, Aptar and Quadpack approaching reshoring?

Producing packaging closer to consumer markets is a hot topic in the current luxury landscape, made even more urgent by the health crisis. Luxe Packaging Insight Conversations, our Webinar series, will investigate this issue in an exclusive[…]

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%[…]

Interview

Cyril Camus: “A move upmarket is taking shape”

In a sneak preview to the feature interview in the upcoming issue of Formes de Luxe, Cyril Camus, CEO of cognac house Camus, discusses the health crisis' impact on the cognac market and how this has jump-started the brand's drive towards[…]

U-label looks to digitize EU wine & spirits labelling

Set to launch in December 2021, U-label is a digital label initiative spearheaded by industry bodies CEEV (European Committee for Wine Companies) and SpiritsEUROPE. The electronic label will allow wine and spirits brands to meet EU regulations,[…]

French luxury study taps consumer perception

France’s hold on the luxury consumer’s mindset is assured for the foreseeable future, says a new report by Ifop-sociovision for French luxury association Comité Colbert. But there are also challenges to address, including changing consumption[…]