The brand has been selling luxury goods since 1997, and now the company is planning a major expansion to its portfolio.
The news comes on the heels of an acquisition by French luxury company LVMH and a sale to US online retail giant Amazon.com.
Luxury products and accessories are among the fastest-growing segments in the global retail industry, and the company’s logo has been one of the most prominent symbols of luxury goods and services.
But Luxury Brands, Inc. is planning to expand its portfolio to include luxury goods, accessories and even luxury furniture and appliances.
According to Forbes, Luxury Brand CEO and co-founder Tom Durnin said the company plans to focus on expanding its product line beyond the products it sells today, including a line of branded eyeglasses, a line called Luxe, and a line that focuses on high-end clothing.
Durnin told The Wall Street Journal the company has about 25 employees, but is aiming to hire as many as 80 by the end of 2019.
He said the brand is also working on a new line of luxury products that will focus on high end and luxury goods.
Dumpert said Luxury has been growing steadily in the US and Europe, but that the company was hit by an onslaught of competition in the past few years.
He noted that the brand has seen some “hiccups” in the last year or so, and said the growth was “really slow,” especially in the wake of the Luxe acquisition.
Dury said that despite the struggles, the company continues to be a strong competitor to luxury brands in the luxury goods space.
Durnins team has been developing brand solutions for brands like Louis Vuitton, Versace, Gucci and Gucci, but he said that this time around, they have more in common with luxury brands than the competitors in the market.
The Luxury brand, Durnan said, will be focused on products that cater to the most discerning consumers.
For example, Luxe is a luxury product designed for women and women in particular, while Luxe Luxe Pro is designed for men.DUMPER said that Luxe was created as a way to appeal to the elite who want to own a high-performance product, and that the name reflects that.
For the most part, Dummpert said that the Luxes will feature a diamond-cut diamond, and will be the first luxury products with an automatic dial.
The company is also planning to make some changes to its brand strategy, which will include new products, more upscale packaging and a bigger focus on premium services.
In addition, Dumpert has also begun to sell luxury goods online.