Browsing: luxury

In a significant move within the luxury e-commerce sector, Richemont has entered into a binding agreement to sell 100% of its share in Yoox Net-a-Porter (YNAP) to online luxury retailer Mytheresa. This deal, anticipated to close in the first half of 2025, will see Richemont receive shares in Mytheresa representing 33% of the retailer’s fully diluted share capital, as well as a cash position of €555 million for YNAP, which will be left debt-free. Richemont will also extend a €100 million revolving credit facility to YNAP to cover its operational needs. Mytheresa, renowned for its curated collection of high-end fashion,…

What is ME and EM ME stands for Management Engineering, a discipline that blends engineering principles with management practices to enhance productivity, operational efficiency, and innovation in organizations. On the other hand, EM, or Engineering Management, is a more established field that focuses on applying engineering principles to manage and lead engineering projects, teams, and organizations. Although both ME and EM have a common foundation in engineering, their scope, focus, and application differ significantly.Both Management Engineering (ME) and Engineering Management (EM) seek to address the growing need for technical leadership in a world driven by innovation, but they do so…

RH Privé, a leader in eco-friendly luxury housing on the Costa del Sol, has unveiled a new collaboration with the renowned Italian design studio Pininfarina. Known for designing some of the world’s most iconic sports cars and architectural marvels, including Dubai’s ICONIC tower, Pininfarina will now lend its design expertise to RH Privé’s latest development, the Carat Sky Villas. This partnership promises to elevate the exclusivity and luxury of these residences, making them among the most sought-after properties in Spain. Currently under construction with completion expected by the end of the year, the Carat Sky Villas will introduce two of…