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
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 […]
Business & Trends
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.
Style & Experiences
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.
Sustainability
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. […]
Last posts
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.
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.
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.
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.
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?
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, […]
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: […]
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?
“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.
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.
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, […]
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 […]
