Rising Prospects for Luxury Real Estate Business, Inducing Higher Sales of Luxury Interior Fabric Industry Analysis in North America and Europe, Reach at a US$ 9,524.30 Million by 2034.

The Industry value of luxury interior fabric in North America and Europe is anticipated to rise from US$ 2,684.60 million in 2024 to US$ 9,524.30 million by 2034. The industry is projected to register a robust CAGR of 13.50% over the forecast period.

The growing inclination for a luxurious lifestyle is stimulating the appetite for luxury interior fabrics in developed regions like North America and Europe. The increasing number of consumers opt for brick-and-mortar stores to quality-check luxurious textiles. For this, brands have been investing in the construction of distinct shopping experiences for customers.

Online retailers have been gaining traction, especially post COVID-19. Various value-added services like convenient return policies, cash on delivery, and centralized customer services are top attraction points for online customers.

Surging demand for luxury interior fabric in the commercial sector, particularly in hospitality, healthcare, and cruises, is anticipated to propel product sales. Additionally, the rising investments in home remodeling projects are serving regional growth. This trend is in line with emerging consumer preferences for personalized fabrics in different interior elements like beds, chairs, and other furniture items.

“Key players are finding significant opportunities in North America and Europe, owing to rising customers with high incomes. Players are projected to capture increasing numbers online customers by developing customer-centric websites. With innovations and collection, players are anticipated to reap higher revenues in the next ten years,” says Sneha Verghese, Senior Consultant for Consumer Goods and Products at Future Market Insights.

Latest Developments in the Industry

In September 2023, Kravet Inc. ramped up its manufacturing process by involving its smart fabrics and frames in Quickship program. This development ascertains a 10-day production period for customers. Thereby, supporting budgets, projects, and tight timelines. Kravet Smart collection features +2,000 fabrics and over 150 furniture frames, with personalization options.

In May 2023, Rubelli revealed its customer-oriented website to chart an even more digital future. The new websites are available in three languages, i.e., English, Italian, and French. This move is in line with the digitalization strategy, which has massively advanced in the last two years.

In February 2023, Pierre Frey launched the Braquenié Anniversaire 1823–2023 portfolio celebration of its 200th anniversary. This collection is made of a curated range of upholstery, wallcoverings, and rug designs selected from its wide historical archives.

https://www.futuremarketinsights.com/

Introducing KYX (combining Know Your Client with Know Your Cargo) by Deloitte, powered by Nexxiot. Deloitte, known for its comprehensive range of services, including audit, consulting, financial advisory, risk management, tax, and legal services, is joining forces with Nexxiot, known for its expertise in digitalizing supply chain assets, such as shipping containers and railcars. Nexxiot's network of sensors and artificial intelligence capabilities offer valuable insights into supply chain inefficiencies, reducing uncertainty and operational costs. Deloitte will play a crucial role as the integration partner responsible for delivering these digital transformations.

This strategic partnership will provide a robust, scalable infrastructure rooted in a strong commitment to regulatory excellence and trust. It leverages Deloitte's established KYC (Know Your Client) services and implementation capabilities with Nexxiot's cutting-edge asset intelligence technology and trusted CINFONI (Client Information Network Intelligence) platform. CINFONI has regulatory approval for generating, implementing, recycling, and exchanging 'Golden Records' within the Banking, Financial Services, and Insurance (BFSI) sectors.

Nexxiot CEO, Stefan Kalmund, said, "The strategic partnership with Deloitte and Nexxiot represents a significant step forward for supply chain participants. It will accelerate the adoption of fleet-wide technologies, fostering visibility, transparency, and operational excellence."

Deloitte's James Yearsley, Lead Partner for the Transportation, Hospitality and Services Sector for NSE (North & South Europe), added, "Through this partnership, we aim to set a new global standard for KYX services, benefitting all stakeholders in the logistics sector, including trade finance, banking, and insurance. Deloitte and Nexxiot offer new services based on real-time data, covering all aspects of KYX from door-to-door, internationally."

Deloitte and Nexxiot are committed to enhancing global trade compliance and operational efficiency through this partnership. It offers the logistics industry a means to embrace a future marked by improved efficiency, resilience, and integrity, all made possible by this strategic collaboration.

About Deloitte Managed Services

Deloitte Managed Services is a leading European RegTech Provider of end-to-end managed services for KYC and AML. We combine our extensive expertise with advanced technology, high-quality data and unique mapping intelligence into easy-to-use solutions, no matter which industry or jurisdiction you operate in. We support our customers in the search for new opportunities with clients and third parties. Our solutions protect you and your business against reputational risk and crime.

About Deloitte Consulting AG

This press release has been written in general terms and we recommend that you obtain professional advice before acting or refraining from action on any of the contents of this publication. Deloitte Consulting AG accepts no liability for any loss occasioned to any person acting or refraining from action as a result of any material in this publication. Deloitte Consulting AG is an affiliate of Deloitte NSE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"). Dttl and each of its member firms are legally separate and independent entities. DTTL and Deloitte NSE LLP do not provide services to clients. Please see www.deloitte.com/ch/about to learn more about our global network of member firms.

About Nexxiot

Nexxiot's mission is to remove uncertainty in the global supply chain, empowering clients to achieve their growth and sustainability goals. Nexxiot provides real-time Asset Intelligence for railcars and shipping containers through its highly reliable hardware, software, and analytics. The technology automatically detects location, shocks, movements, modalities, border crossings, and more. These capabilities enable users to monitor the condition of an asset, automate business processes, and provide new services to stakeholders. Nexxiot has one of the largest device fleets installed globally, with more than one million assets equipped for clients, including Hapag-Lloyd, Knorr-Bremse, VTG, Ermewa, Deutsche Bahn, SBB, and North American railroads. Headquartered in Zurich, Switzerland, Nexxiot has more than 150 engineers and industry experts, serving clients from its offices in Germany, Sweden, and North America. For more information on Nexxiot, visit www.nexxiot.com

Taiwan's leading whisky distillery is thrilled to announce its continued presence at this year's Whisky Live Paris (Oct 21- 23), following its return in 2021 after a one-year absence due to the pandemic.

Guests will have the exclusive opportunity to savour whiskies, specially curated for the discerning French market, at the booth this year:

Ms. Aurora Chang, Kavalan Regional Manager, expressed enthusiasm about the French market's resurgence amid the return of social gatherings and on-trade activities.

"Throughout the pandemic, Kavalan strategically boosted sales with cocktails-friendly options like the Kavalan Distillery Select series. Additionally, the premium Solist cask strength whiskies addressed supply challenges in the Japanese whisky market. As we approach the final stages of our Third Maturation Warehouse, reflecting our dedication to quality and expansion, Kavalan stands ready and optimistic about meeting the growing global demands."

This year, the Kavalan booth features a captivating centerpiece that embodies the brand's distinct character, enhanced by vibrant pink orchids. A batten wall, inspired by Taiwanese windows, paired with a lush green roof mirroring Yilan County's natural beauty, and complemented by exquisite woodwork, all symbolize the quality of Kavalan's oak casks.

Mr. Didier Ghorbanzadeh, Global Ambassador for Kavalan's European distributor La Maison du Whisky (LMDW), affirms that Kavalan spares no effort in crafting a world-class single malt that confidently stands on par with the most renowned distilleries.

"When experiencing Kavalan's whiskies for the first time, the surprising maturity, despite its youth, is attributed to the unique tropical aging conditions in Taiwan. This distinct characteristic sets it apart from the single malts we already distribute in Europe."

Didier highlighted that Europeans are taken aback by the intensity, depth, and vibrant fruit flavours found in Kavalan.

"While diverse oak influences (sherry, wine, etc.) are beautifully expressed with intense aromas, Kavalan is distinct for its explosive tropical fruit flavours on the midpalate and finish, offering refreshing purity to balance the oak's influence."

LMDW seeks to boost Kavalan's on-field presence by offering tastings and masterclasses at events such as Whisky Live Paris, The Whisky Show London, and The Whisky Show Budapest, showcasing Taiwan's unique whisky to an expansive global audience.

About Kavalan Distillery

Kavalan Distillery in Yilan County has been pioneering the art of single malt whisky in Taiwan since 2005. Our whisky, aged in intense humidity and heat, sources the meltwaters of Snow Mountain and is enhanced by sea and mountain breezes. All this combines to create Kavalan's signature creaminess. Taking Yilan County's old name, our distillery is backed by about 40 years of beverage-making under parent company, King Car Group. We have collected more than 790 gold awards or higher from the industry's most competitive contests. Visit www.kavalanwhisky.com

About La Maison du Whisky

Founded in 1956, La Maison du Whisky transitioned from a simple retailer to a global distributor of whiskies and spirits. With its Singapore subsidiary and LM&V joint venture, it represents over 250 brands, spanning from whisky to tequila. They offer a vast collection of over 4,000 products online and in-store. Their ventures also include Fine Spirits Auction for collectors and The Avant Gardist (TAG) spotlighting innovative brands. Committed to expanding their industry knowledge, they provide training, host the Whisky Live Paris event, and have been publishing resources like Whisky Magazine since 2004.

Ares Management Corporation, a leading global alternative investment manager, announced today the launch of Ares European Strategic Income Fund (“AESIF”), a new open-ended direct lending fund that will provide individual investors in Europe and Asia with access to Ares’ European direct lending strategy.

Ares launched its European direct lending strategy in 2007 gaining a first mover advantage in a nascent market. Since this time, the European direct lending strategy has deployed more than €56 billion ($61 billion) in capital, cementing a longstanding and cycle-tested track record. Today, Ares represents the largest direct lending solutions provider to the European market with over €55 billion ($60 billion) of assets under management dedicated to the strategy and more than 85 investment professionals across six originating offices in London, Frankfurt, Paris, Stockholm, Amsterdam and Madrid, as of June 30, 2023.

AESIF will be the latest addition to the Ares Wealth Management Solutions (“AWMS”) platform and will be its first offering in the Europe and Asia regions. Leveraging the strength and scale of Ares’ leading global private credit platform and its extensive experience in Europe, AESIF has been designed to deliver a highly diversified portfolio comprised predominantly of directly originated, senior secured floating rate loans to performing businesses in Western Europe. AESIF is intended to offer investors a core income-solution with meaningful downside protection and stable yields in a format that features lower investment minimums relative to traditional alternative investment products.

“The expansion of our wealth product offering reflects Ares’ ongoing commitment to delivering enhanced investment solutions and client services to our rapidly growing base of global individual investors,” said Raj Dhanda, Partner and Global Head of Wealth Management. “With products spanning the real estate, private credit and private equity secondaries asset classes, we look forward to continuing to develop new offerings and remain committed to bringing Ares’ institutional quality private investment solutions to the wealth channel globally.”

“As a pioneer in European direct lending with more than 15 years of experience investing on behalf of institutional investors, we are excited to bring the power of Ares’ origination and execution capabilities to individual investors,” said Blair Jacobson, Partner and Co-Head of European Credit. “We believe that the current market opportunity is one of the most exciting we have seen in years and that our leadership position as a well-capitalized, global platform provides us with competitive advantages in sourcing and managing investments in order to deliver attractive risk-adjusted returns on behalf of our investors.”

“This is an exciting step in providing global access to Ares’ market leading investment strategies,” said Mark Serocold, Partner and Head of Wealth Management Solutions EMEA. “We are pleased to launch AESIF, which builds on the strength of our European direct lending strategy and to create broader access to our established product suite for individual investors in Europe and Asia.”

Since the launch of AWMS in 2021, Ares has remained focused on scaling its wealth platform to deliver private market access and education to financial advisors and their clients. With a growing team of over 130 professionals located in offices throughout the U.S., Europe and Asia, AWMS represents one of the most resourced wealth distribution and client service platforms in the alternatives industry today.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2023, Ares Management Corporation's global platform had approximately $378 billion of assets under management, with over 2,600 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

Ares Wealth Management Solutions

As a global brand of Ares Management Corporation, Ares Wealth Management Solutions oversees the product development, distribution, marketing and client management activities of investment offerings for the global wealth management channel. AWMS’ mission is to provide advisors and their clients access to innovative, solutions-oriented investment opportunities across Ares’ platform of industry leading primary and secondary strategies across the credit, private equity, real estate and infrastructure asset classes. Through its range of institutional and retail structures, coupled with excellent client service and educational resources, AWMS helps investors diversify their portfolios with private market solutions that seek to deliver consistent, long-term growth. For more information, please visit www.areswms.com.