Italian Supercar Maker Lamborghini’s Profits Soar Fueled by Chinese Markets

Italian car maker Lamborghini has its most profitable year on record in 2020, driven by increased demand in Chinese markets. Sales numbers came in slightly under last years performance, but the increased sale of customized super cars pushed profits to …

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Luxury Goods Group LVMH Acquires 50% of Jay-Z’s “Ace of Spades” Champagne Brand

Luxury goods corporation LVMH, along with its wine and spirits division Moet Hennessy, have made a deal to purchase 50% of Jay-Z’s champagne brand, Armand de Brignac. Jay-Z and LVMH announced the deal via Zoom call with CEO Philippe Schaus …

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