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The profound metamorphosis of Swiss watchmaking

Business

The profound metamorphosis of Swiss watchmaking

Like most industries, Swiss watchmaking took some heavy hits from the pandemic, but the sector was already in the midst of a profound transformation. And according to Deloitte’s 2020 Industry Study, it looks set to come through it stronger.

-12%

watch exports (in value) in September 2020

-25%

watch exports (in volume) in September 2020

+79%

watch sales in China in September 2020

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Fabio Bonavita

Opinion

Antigen tests to revive luxury tourism

Since the beginning of the Coronavirus pandemic, a whole part of the economy is collapsing day after day: luxury tourism. Palaces worldwide are closed or […]

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By Fabio Bonavita

Business & Trends

«Our people to people concept has revolutionized our way of working»

Business

«Our people to people concept has revolutionized our way of working»

In an exclusive interview, François-Henry Bennahmias, CEO of Audemars Piguet, explains how the pandemic has pushed him to radically change his relationship to clients, as well as towards his colleagues.

By Cristina D’Agostino

How Covid-19 Is Impacting Fine Jewelry
BusinessFeature

How Covid-19 Is Impacting Fine Jewelry

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.

By Kristen Shirley

How Facebook plans on capturing online sales for luxury products
Business

How Facebook plans on capturing online sales for luxury products

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.

By Cristina D’Agostino

Twitch: the new live platform for luxury
Strategy

Twitch: the new live platform for luxury

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.

By Fabio Bonavita

Watchmaking: a psychological warfare
BusinessFeature

Watchmaking: a psychological warfare

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.

By Cristina D’Agostino

Style & Experiences

The temple of allure and freedom

Fashion

The temple of allure and freedom

The Galliera Museum will be exhibiting the first major retrospective about Gabrielle Chanel until March 14th, 2021, in Paris. All controversy about the woman’s complex personality aside, the Fashion Museum offers a masterful presentation of the legendary designer’s work.

By Béatrice Peyrani

Dive into the hidden treasures of the IOC
Style & Experiences

Dive into the hidden treasures of the IOC

The Olympic Museum has been open to all for a long time. Yet its hidden underground is filled with unsuspected treasures. Discover the exclusive story.

By Cristina D’Agostino

Milan Fashion Week: digital, a medium for strong ideas
FashionFeature

Milan Fashion Week: digital, a medium for strong ideas

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?

By Bettina Bush Mignanego

Will the red carpet economy recover from Covid?
Style & ExperiencesFeature

Will the red carpet economy recover from Covid?

When all the glitzy events were put on hold, red carpet product placement came to a sudden stop. Now, a social revolution in the name of a new activism waits in the wings for the glamor season to resume.

By Isabelle Campone

« We have evolved towards a new accuracy”
Watches & JewellerySponsored

« We have evolved towards a new accuracy”

Pierre Rainero, image director at Cartier, reveals why the latest high jewellery collection is a new path written in the rich creative legacy of the Maison

By Cristina D’Agostino

Sustainability

“So very few luxury brands in Switzerland joined the front lines. It’s shocking.”

Sustainability

“So very few luxury brands in Switzerland joined the front lines. It’s shocking.”

Know how and make it known. For Jean-Christophe Babin, CEO of Bulgari for seven years, times of crisis are no time to abandon this motto. […]

By Cristina D’Agostino

The Price of Sustainability
FashionFeature

The Price of Sustainability

Late February, 2020: Fashion Week is in full swing as the emerging COVID19 crisis begins to take hold, and Milan becomes the first city in […]

By Bettina Bush Mignanego

« We are transitioning towards a new concept of luxury » Matteo Lunelli, Altagamma President
SustainabilityFeature

« We are transitioning towards a new concept of luxury » Matteo Lunelli, Altagamma President

The global crisis triggered by the Covid-19 pandemic has hit the world of luxury hard. Drastic decisions had to be made to save the sector, […]

By Bettina Bush Mignanego

Last posts

Fabio Bonavita
Opinion

When premium brands, ethical and innovative, challenge luxury

By Fabio Bonavita

The art of sneakers
BusinessFeature

The art of sneakers

In Bordeaux, France, an exhibition celebrates sneakers as new art masterpieces. Prices are soaring, but the record-breaking season has only just begun.

By Aymeric Mantoux

The rebound of the yachting industry
BusinessFeature

The rebound of the yachting industry

Isolating with one’s family on a yacht has never been more appealing, and is one reason why the yachting industry is recovering quickly from the impact of Covid-19.

By Kristen Shirley

How Paris Saint-Germain became one of the most desirable brands in the world
BusinessFeature

How Paris Saint-Germain became one of the most desirable brands in the world

The famous Parisian football club has reached the finals of the Champions League, the most coveted trophy of its kind. But this sporting achievement, while historic, pales in comparison to the work done on the value of the brand over the last ten years.

By Aymeric Mantoux

In Los Angeles, the golden age of private clubs is back.
Style & ExperiencesFeature

In Los Angeles, the golden age of private clubs is back.

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.

By Isabelle Campone

Complications in the Tiffany takeover by LVMH
Business

Complications in the Tiffany takeover by LVMH

As Tiffany’s 14.7 billion-dollar takeover, which closed last November, relied on LVMH’s pre-Covid cash and debt figures, today the situation has drastically worsened. Will the deal of the century still be possible?

By Cristina D’Agostino

The megayachts return to sea
Style & ExperiencesFeature

The megayachts return to sea

It’s no coincidence that the first real megayacht in history was built in Viareggio, Italy in the 1970s. Commissioned by Saudi business magnate Adnan Khashoggi, […]

By Bettina Bush Mignanego

Luxury enters a consolidation cycle
BusinessFeature

Luxury enters a consolidation cycle

When asked whether the coronavirus crisis will induce a consolidation period in the luxury business, Arthur Jurus, Chief Economist at the Landolt&Co bank doesn’t flinch: […]

By Fabio Bonavita

Can a hotel without a concept survive the crisis?
StrategyFeature

Can a hotel without a concept survive the crisis?

The Covid crisis has meant a decline in the number of international tourists by 20% to 30%, and could affect more than 50 million jobs worldwide. It seems clear that in this market, only the hotels with an innovative, competitive edge will survive. But how do you tell if a hotel’s concept is just marketing window dressing or a real business advantage?

By Cristina D’Agostino

“Made in Italy” luxury defends its artisans
FashionFeature

“Made in Italy” luxury defends its artisans

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.

By Bettina Bush Mignanego

Luxury needs to adapt to real-time demand
Strategy

Luxury needs to adapt to real-time demand

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.

By Fabio Bonavita

The Mad Dash for the Hamptons
BusinessFeature

The Mad Dash for the Hamptons

The Hamptons is synonymous with over-the-top real estate, but 2020 will be one for the record books. Demand has never been higher, or more competitive, […]

By Kristen Shirley

Discount to destock, a dangerous game for luxury
StrategyFeature

Discount to destock, a dangerous game for luxury

Businesses adapt. When demand crashes because of a global pandemic, they lower their prices in order to boost consumption. This is a valid reflex when […]

By Fabio Bonavita

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