Day’s wrap: Burberry, Sergio Rossi, Valmont and US inflation

day’s-wrap:-burberry,-sergio-rossi,-valmont-and-us-inflation

Burberry is supporting Forest for Change, an installation educating consumers about climate goals. Image credit: Burberry

Luxury Daily’s live news for June 10:

Burberry pledges to become climate positive by 2040

British fashion label Burberry is setting an ambitious sustainability goal and is pledging to become “climate positive” by 2040.

Please click here to read the article


Lanvin-owner acquires Sergio Rossi

Italian footwear label Sergio Rossi is set to be acquired by Chinese luxury conglomerate Fosun Fashion Group, owner of French fashion label Lanvin.

Please click here to read the article


Valmont expands into hospitality with exclusive residences

Swiss beauty brand Valmont is forging into the hospitality space with the opening of ultra-luxurious residences for the maison’s most valued clients and friends.

Please click here to read the article


US inflation accelerates as vehicle, travel costs climb

Consumer prices in the United States continue to climb, with a key inflation measure jumping at the fastest rate in decades.

Please click here to read the article


How Asian millionaires are rethinking their approach to luxury

Increased financial confidence among millionaires in Asia is fueling their spending on luxury goods and experiences, according to new insights from Agility Research & Strategy.

Please click here to read the article


Please click here to read the morning newsletter