The luxury industry has had a busy week, with Bvlgari releasing its Octo Finissimo Ultra timepiece of its popular record-breaking Octo series. The world of watchmaking also saw Richemont sell its shares of Swiss company Greubel Forsey, while L’Occitane bought shares in Australian clean beauty brand, Grown Alchemist. For more on new launches, travel regulation changes, scroll through this list of news updates.
Richemont sells stake in Greubel Forsey
Luxury goods group Richemont which also owns Cartier, Chloé, Dunhill, IWC Schaffhausen, has sold its entire 20% stake in Swiss watchmaker Greubel Forsey, which it first acquired in 2006. 100% of the brand’s shares are now owned by founding shareholders Robert Greubel and Stephen Forsey as well as by Chief Executive Antonio Calce. Founded in 2004, Greubel Forsey specialises in complicated timepieces that resemble pieces of art, with a focus on innovation.
Marriott enters the luxury safari lodge segment
Marriott International on Wednesday announced the signing of an agreement with Baraka Lodges Ltd. to open the group’s first luxury safari lodge in Africa. The JW Marriott Masai Mara Lodge will be located within the Mara National Reserve, overlooking the banks of the river Talek. Set to welcome guests in 2023, the new-build lodge will feature 20 private tents, a presidential canvas-topped pavilion and two interconnecting canopied suites.
Glenmorangie introduces X whisky
Glenmorangie is launching a new single malt Scotch specially made for mixing. Crafted in consultation with top global bartenders, X by Glenmorangie offers a sweeter, richer taste with notes of pear, vanilla, honeysuckle, orange sherbet and chocolate fudge. The whisky is aged in bourbon casks, and finished in new char oak casks, then bottled at 40% ABV. It is available for ₹4971 in Mumbai.
Mercedes unveils a special edition AMG G63
To celebrate 55 years of AMG, Mercedes launched a new Mercedes-AMG G 63 Edition 55. The G-Class has a signature boxy silhouette, with 22-inch AMG forged alloys in a cross-spoke design and grey finish. Painted in either obsidian black metallic or bright white, AMG comes with a performance steering wheel in DINAMICA microfibre with the “AMG” and “55” badges. The Edition 55 will cost around US$176,040.
Singapore relaxes rules
Currently, Singapore is permitting immunised people from 32 countries and provinces to enter without having to quarantine under a vaccinated travel lane program. However, from April 1 onwards, the city state will have no vaccinated travel lane requirements. All vaccinated travellers will have to undergo pre-departure test and meet visa requirements, but there will be no on-arrival test or quarantine. In addition to this, the health ministers of Malaysia and Singapore are also working to resume all travel between the two countries considering the pandemic situation, said Malaysian Health Minister Khairy Jamaluddin on Twitter.
Jimmy Choo launches jewellery line
The luxury giant known for its fabulous shoes and bags added jewellery to its roster. Embedded with crystals, pearls, monograms, and stars, Jimmy Choo introduced sleek enamel monogrammed bangles, dangling crystal earrings, anklets that pair well with the brand’s sky-high heels and pearl encrusted rings.
PANGAIA enters superfood market
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