The Luxury Network International Magazine Issue 24

A Message
From The Editor
Dear Valued Readers,
We truly hope that this year is starting off well and that you are ready to crush it as the pandemic slows down
globally.
When people label something as ‘luxurious,’ we automatically equate it as ‘too expensive.’ That may be true,
however, luxury itself is not defined by ‘expense’ alone. There are so many more elements that truly and correctly
identify an item as luxury and we will be discussing more of this soon through an online platform and a
series of webinars at The Luxury Network Academy which will be launching this month.
Despite the global difficulties that the current situation has presented to the luxury industry and continues doing
so, Bugatti has successfully delivered more vehicles in the first quarter of 2021 more than ever before in the
first 3 months of any year. Hermès also saw luxury demand recover from the ‘pandemic freeze’ and returning to
growth, while LVMH shares are also reaching a record recently after the unexpected Louis Vuitton rebound in
fashion and leather sales.
Therefore, no matter what happens, people will still spend on luxury goods and I believe that there will be a
higher growth since people are now more excited to dress up again and enjoy the luxuries of life - from travel,
cars, jewelry, and all different industries, more than ever. I always say we only live once!
Please enjoy our latest edition as we have featured the highlights of some of the exclusive events that our global
offices and official members have hosted.
Sincerely,
Fares Ghattas
Global CEO,
The Luxury Network International
Editor-in-chief,
The Luxury Network International Magazine
@faresghattas
@theluxurynetwork