Arushi Sakhuja
Another month of 2022 ends, and the luxury news sector shows no signs of slowing down. Paris Fashion Week is on, fashion month has been a delight this year in general. Meanwhile, things have changed for Burberry with former creative head Riccardo Tisci replaced by British designer Daniel Lee. Kim K announced the launch of a new home accessories brand, Audi is gearing up for F1 in 2026 and BMW has launched a new SUV XM. Here’s looking at all the luxury news highlights for the week that’s gone by.
Burberry appoints Daniel Lee as creative director
It breaks our heart to know that the former creative head of Burberry Riccardo Tisci is leaving the company after a five-year stint. Tisci is being replaced by the former creative head of Bottega Veneta, Daniel Lee. His years at Bottega Veneta helped the company make it into the big leagues and earn a lot of appeal from well-dressed celebrities. Further, it was Lee’s low-key aesthetic that was responsible for taking Bottega off Instagram and all social media.
BMW debuts the XM SUV
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Luxury automotive brand BMW has announced the launch of its most powerful BMW yet, the BMW XM. Being the first electric vehicle by the brand it is a hybrid car and has an impressive full-size 644-horsepower SUV. It is the first electrified model from the brand’s racetrack-ready M badge. Pricing begins at US$160,000.
Paris Fashion Week from September 26-October 4
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On since September 26, shows by luxury brands like Balmain, Saint Laurent, Schiaparelli, Acne Studios and Chloe have already come to a close. Kylie Jenner made news when she attended Acne Studios’ Palais de Tokyo presentation themed as a pink wedding, to celebrate ten years of them being in Paris. Cher made an unexpected cameo at the Balmain show in Paris, wearing a crazy marble-print latex one-piece. Chloe’s show was all about coloured 1970’s disc motifs and grungy hair and for Saint Laurent silky, tubular hoods were an unexpected theme on the Eiffel Tower runway.
Christie to auction the Fortune Pink Diamond
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Pink diamonds are an extremely rare occurrence and Christie is auctioning yet another treasure – The Fortune Pink. Weighing 18.18 carats, this is the largest fancy vivid pink pear-shaped diamond ever to be offered for sale at auction in Geneva on November 8. The diamond’s weight makes it worth an estimated US$ 25,000,000 – 35,000,000, making it to the luxury news highlights for the week.
Hotel group, Hilton to design space suits for astronauts
In other luxury news, the Hotel group Hilton is stepping into space tourism with their new partnership with Voyager Space (a space technology company dedicated to building a better future for humanity in space and on Earth). As part of the collaboration, the brand will be designing crew accommodations aboard the commercial space station, Starlab, as well as build astronaut suites. Hilton will also reimagine the station’s communal spaces to make extended stays in orbit more comfortable.
Audi will face in F1 from 2026
German brand Audi will finally make a grand debut in the Formula 1 race in 2026, making it one of the most awaited auto news updates. The automobile manufacturer has developed new power unit regulations, designed specifically to make it possible and attractive for newcomers to join the sport at a competitive level. The 2026 power units will maintain the current V6 internal combustion engine architecture but feature increased electrical power and 100% sustainable fuels, two factors Audi says were key to its joining. Audi –also supports F1’s plans to be more sustainable and cost-efficient, with a cost cap for power unit manufacturers introduced in 2023 and F1 setting a target of being Net Zero Carbon by 2030.”Formula 1 is both a global stage for our brand and a highly challenging development laboratory. The combination of high performance and competition is always a driver of innovation and technology transfer in our industry. With the new rules, now is the right time for us to get involved,” says Markus Duesmann, chairman of the board of management of Audi AG.
Kim K to launch a home décor brand
Next on the luxury news list is Kim K’s latest venture. After skincare, home décor is next on the agenda for global icon Kim Kardashian. The star took to Instagram to announce the launch of her first home accessories line. “When I started my packaging design process for Sknn, it began with natural stones and design elements found within my own home. I always envisioned the skincare collection as one that could be beautiful and simple enough to be on display on any counter, which inspired me to design accessories to compliment the line and elevate any home with the same modern, minimalistic elegance. I am so excited to finally bring you this five-piece collection.” The line includes five a vanity tray, a sphere container, a canister, a tissue box, and a waste basket and is launching on October,6 on skknbykim.com
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