Travel & Wellness
Aware of its tainted image on the international scene, the Wahhabi realm has decided to make luxury tourism into one of its future key sectors. […]
Business & Trends
The Richemont Group is teaming up with Chinese online sales giant Alibaba for a major investment in Farfetch, to open up new luxury channels in China. This deal reflects the acceleration of the digitalization of sales, but it could definitively shift the strategic center of gravity of luxury goods from Europe to China.
Style & Experiences
Watches & Jewellery
Frédéric Arnault, young leader of the TAG Heuer brand, reveals why the sale of the last Monaco which belonged to the legendary actor Steve McQueen, is an important element of the brand’s valuation strategy. The watch will be auctioned on December 12th in New York by Phillips, in partnership with Bacs & Russo.
The “Made in Italy” label is going through a fragile period. With its often unknown and endangered regional craftsmanship, it is today experiencing difficulty. Yet the hand-made and “Made in Italy” stamps have been revaluated following the confinement period.
In September, when Burberry chose Twitch to showcase its new collection, luxury brands sat up and took notice, not only of the collection but more importantly, of this live streaming platform. And it’s about time, considering it already has more than 140 million monthly users, particularly in the highly sought-after Generation Z demographic.
With all the award ceremonies and red carpet premieres being pulled from the calendar for the foreseeable future, in Hollywood and New York the glitterati have turned to getting together at a new generation of private clubs – something of a revival marking the start of a booming trend.
The last quarter of 2020 will be the watchmaking brands’ main challenge, as they try to get back on track. Without any mid-term visibility, some signals will help foresee growth potential for 2021. In our radar: Hainan, latest Chinese duty-free mecca, and an under-estimated power of the brand community.
Instead of selling-off their inventory, luxury boutiques have to adopt an agile and analytical strategy in order to dispose of their stock and increase their margins. That’s the conclusion of the last study “A Three-Season Strategy for Fashion and Luxury Retailers” of the Boston Consulting Group.
When Covid-19 hit earlier this year, most luxury spending plummeted and the jewelry industry was heavily impacted. There are some reports of increased sales at ultra-high-end retail, while other sectors have been decimated. Here, we explore the unlikely impacts of Covid-19 on the jewelry industry, and it’s not all bad.
Oscillating within virtual reality, the Milanese fashion week offered collections for both men and women for the very first time, totaling twenty-three offline shows and forty-one online. Fashion is reacting with strength and ideas. But the same question remains: during Covid times, could digital be the solution to the industry’s crisis?
This spring, luxury brands have accelerated their move on e-commerce platforms. In an exclusive interview, Violaine Gressier, head of the luxury department for Facebook France, explains the evolution of the American giant’s strategy to increase its market shares in the luxury sector.