Photo Courtesy: Roger Dubois / Instagram
Photo Courtesy: Roger Dubois / Instagram
Ruhi Gilder 
Luxury brands continue to report unexpected growth over the years, watchmakers invest in hyper localised designs to woo consumers, and a Louis Vuitton x Nike auction at Sotheby’s breaks records. Here’s everything you need to know in the world of luxury today.  
Taking beauty in-house  
Photo Courtesy: Dolce & Gabbana
Photo Courtesy: Dolce & Gabbana
In a move that is contrary to how most luxury beauty brands function; Dolce & Gabbana is planning to shift away from a licensing model to a direct operational model. The Italian luxury house announced Dolce & Gabbana Beauty will take over 100% control of the manufacturing, sales and distribution of its fragrance and makeup products by January 2023. This is a €1 billion business, according to the company. Competitors like Burberry, Valentino, Salvatore Ferragamo, Prada, Christian Louboutin and Chloé follow the licensing model, and have struck agreements with manufacturers such as L’Oréal, Coty and Puig.  
Localised luxury 
Photo Courtesy: Roger Dubois / Instagram
Photo Courtesy: Roger Dubois / Instagram
Roger Dubois is launching a super-exclusive graffiti-inspired timepiece in honour of their all-new Soho store. The watch reflects the aesthetic of the uber-cool locale. The 42mm Excalibur Monobalancier Soho Edition is limited to 8 pieces and features a white rubber strap graffitied with the Maison’s motto “No Rules Our Game.” 
From photography to horology 
Photo Courtesy: Leica / Instagram
Photo Courtesy: Leica / Instagram
Turning its lens towards the world of watches, Leica is launching two timepieces named L1 and L2. The watch crafted by the brand know for its precision in lenses has the dial covered with a domed glass, resembling a camera lens. The push-crown features the brand’s patented, “red-dot,” inspired by a camera’s shutter release.  
Tapestry growth 
Coach x Michael B Jordan
Photo Courtesy: Coach
Parent company of Coach, Kate Spade New York and Stuart Weitzman, Tapestry Inc reported exceptional growth across all brands for fiscal 2022 in the second quarter. The company expects to return over $1.5 billion to shareholders in this financia year, an increase from its prior figure of $1.25 billion. Tapestry marked a revenue growth of 18% against FY20 pre-pandemic levels, driven by Kate Spade and Coach.  
Breaking records 
Nike Air Force 1
Photo Courtesy: Sotheby’s
A special-edition collection of 200 sneakers by Louis Vuitton and Nike’s “Air Force 1”, designed by the late Virgil Abloh, were offered for sale in a two-week auction at Sotheby’s. The auction ended on February 9, and raised a whopping grand total of $25.3 million, eight times higher than Sotheby’s original upper estimate of $3 million, setting a highest-known public record for sneaker and fashion auctions, according to Sotheby’s. 100% of the proceeds will be donated to The Virgil Abloh “Post-Modern” Scholarship Fund, to help Black students, African American students or those of African descent, secure funding to study fashion. 
Jimmy Choo x Mugler  
Photo Courtesy: Jimmy Choo / Instagram
Photo Courtesy: Jimmy Choo / Instagram
Two fashion powerhouses, shoemaker Jimmy Choo and couture brand, Mugler fused their visions to create a powerful and glamorous collaboration championing femininity. The exclusive edit features a mix of strong colours, streamlined silhouettes and bold details that make themselves known in lace-up stilettos, embellished heels, point-toed pumps, and sock boots.  
Co-live in luxury  
Hyderabad One
Hyderabad One, India’s first co-living space
India’s first luxury co-living space was announced in Hyderabad. Hyderabad One (H1) is said to be worth ₹1,500 crores and is expected to be ready by 2026. It is set to be 47 floors tall, with 1,928 suites. The entire project is designed by international architecture firm Chapman Taylor and developed by Sensation Infracon Private limited. 
Click here to know more. 
Valentine’s Day opening  
On February 14, Gucci is set to unveil Gucci Giardino 25, an all-day café and cocktail bar, in Florence’s Piazza della Signoria. Designed in the house’s opulent style, Giardino 25 is decorated with mustard yellow panels with leather-upholstered peacock blue seating. 
Pandora’s jewellery forecast 
Glasses, Nimbus 2000 & Lightning Bolt Dangle Charm. Source: Pandora
Glasses, Nimbus 2000 & Lightning Bolt Dangle Charm. Source: Pandora
Pandora enjoyed a record year in 2021, with high sales in the US, but CEO Alexander Lacik foresees an eventual “correction” to its growth in America. The company expects US growth to slow down, however, the CEO believes 2022 will see organic growth of 3%-6%”. Pandora’s organic growth was up 23% versus 2020. 
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