News
Autonomy Taps Mercedes-Benz Executive Fred Weick to Scale Vehicle Subscriptions
1+ hour, 50+ min ago (348+ words) Weick succeeds Autonomy founder'Scott Painter, who will serve as lead director of the Autonomy board. Weick will report to Painter, the company said'in'a Monday (June 29)'press release. Weick will work with Autonomy Co-Founder and Chairman Georg Bauer'and President and Chief…...
BMW's AI Runs 16 Billion Daily Requests and 600 Use Cases
2+ day, 18+ hour ago (311+ words) Every time a BMW driver locks their car remotely, checks their battery level, receives a navigation update or gets a software fix pushed over the air, that counts as a request. With 24. 5 million connected vehicles, those small interactions add up…...
Est'e Lauder and Puig Call Off Merger Negotiations
1+ mon, 6+ day ago (629+ words) Est'e Lauder and Spanish beauty group Puig have abandoned discussions over a possible merger that could have formed one of the largest fashion and cosmetics companies in the world, according to Reuters. The two companies confirmed Thursday that they would…...
Half of Luxury Shoppers Prefer Resale, and The Real Real Saw It Coming
1+ mon, 3+ week ago (643+ words) Luxury resale used to be a secondary consideration. The numbers say it isn't anymore. Nearly half of luxury consumers now factor resale value into primary market purchases. Almost 60% prefer the secondary market outright. The Real Real has been building the…...
CPI | Pierre Cardin Partner Loses Bid to Scrap EU Antitrust Fine
1+ mon, 3+ week ago (185+ words) A German fashion manufacturer tied to Pierre Cardin has been unsuccessful in its attempt to overturn an EU antitrust penalty....
Easter's Gone Luxe and the Chocolate Is Driving
2+ mon, 3+ week ago (572+ words) Easter used to be a foil-wrapped bunny, a department-store dress and a brunch reservation someone forgot to make until Thursday. In 2026, it looks more like a luxury-commerce obstacle course: a pre-ordered hotel chocolate sculpture here, a click-and-collect designer egg bag…...
Court Rejects Antitrust Allegations in Luxury Dispute Between Chanel and The Real Real
2+ mon, 4+ week ago (615+ words) A New York federal court'has'delivered a significant ruling in the ongoing legal dispute between luxury fashion house Chanel and resale platform The Real Real, narrowing the scope of the case by dismissing the majority of the reseller's counterclaims. According to…...
Velera Picks Longtime Exec Brian Caldarelli as CEO
3+ mon, 3+ day ago (407+ words) Credit union service organization (CUSO) Velera is getting a new chief executive. President and CEO Chuck Fagan will step down as the group's head Sept. 30 of this year, with Chief Administrative Officer Brian Caldarelli taking his place, Velera announced in…...
Est'e Lauder in Talks to Buy Puig in Potential $20 Billion Beauty Tie-Up
3+ mon, 5+ day ago (512+ words) Est'e Lauder Cos. is in discussions to acquire Spain-based Puig Brands SA in a potential transaction that would create a beauty group with roughly $20 billion in annual revenue, according to Bloomberg. The companies have not disclosed financial terms. Puig's market…...
Luxury Resale Market Tops $59 Billion Driven by Side Hustles
4+ mon, 5+ day ago (473+ words) The value of the luxury resale space reportedly grew to $59 billion last year. That's according to a'report'Tuesday (Feb. 24) by The Wall Street Journal (WSJ), which says the market for secondhand luxury goods is now growing faster than the primary market....