Alibaba's 6.18 Mid-Year Shopping Festival (running on Tmall and Taobao) has seen a luxury surge. Almost double the number of luxury brands are participating compared to the last big event, 2019’s Singles Day in November
German luxury marque MCM has appointed Dirk Schönberger to be its new global creative director in a surprise move. Schönberger takes up his new position immediately, and will present his first collection later this year.
The owner of luxury shopping destinations The Dubai Mall and Dubai Marina increased net profit by 13% in 2016 and is planning to expand its footprint in the city by launching two new "next-generation" malls.