Fanny Tang

Prada starts 2024 with an 18% jump in retail sales, reaching over one billion euros in the first quarter, driven by Miu Miu sales growth of 89% and sustained growth in several regions of the world. These figures demonstrate the effectiveness of the Group’s innovative strategy.

Swiss biotech company Timeline, headquartered at EPFL (Ecole Polytechnique Fédérale de Lausanne, CH), secures major financing of 56 million Swiss Francs (USD 66M), and supported by industry giants, L’Oréal, and Nestlé. Specializing in longevity research with its Mitopure® technology, Timeline is set to expand its impact in the health, beauty, and food sectors.

On December 18th, IWC Schaffhausen inaugurates its first pop-up store in Zermatt, at the foot of the Matterhorn. Open until the end of October 2024, it features the “Colors of TOP GUN” collection.

The affluent Chinese youth, characterized by their dual traditional and globalized identities, are increasingly seeking luxury products that resonate with their cultural heritage without compromising quality or authenticity. They now aspire to find key elements of their culture in the products they consume.

At the EHL Hospitality Business School, the 2023 Michelin Guide Switzerland showcased a reservoir of high culinary talent. While the four Swiss establishments with three stars maintained their status, five newcomers earned two stars.

On March 5, 2024, in Lausanne, ORIGINALLUXURY – a collaborative project between renowned academic institutions E4S, UNIL-HEC Lausanne, IMD and partners including the Swiss Center for Luxury Research (SCLR) and OriginAll SA – announced the publication of its second report dedicated to technology for transparency.

During the renovation of its permanent boutique on Bahnhofstrasse, Vacheron Constantin is temporarily relocating its Zurich boutique to Suite 1755 of the Hotel La Réserve Eden au Lac.

Livestreaming, on the rise in Europe and the United States, is reaching a remarkable maturity in China. Already well-established, this phenomenon offers immense potential for the luxury goods industry, provided that a high-end image is maintained.

Ultima Collection is adding three new prestigious properties to its Swiss portfolio, further solidifying its position in the luxury hospitality market in Switzerland.

On the occasion of the European Heritage Days, Cartier will unveil its Cartier Jewelry Institute to the public on September 16th and 17th, 2023, in Paris.

In China, the social app Soul has become a true phenomenon. Prioritizing anonymity and highly favored for expressing one’s thoughts and emotions, this chat application serves as a powerful tool for luxury brands seeking to better understand the Chinese Gen Z on a quest for new purpose.

Coupang has grown exponentially, becoming Korea’s second largest online retailer with annual sales reaching $20.583 billion by 2022. Coupang recently acquired Farfecth for $500 million.

Louis Vuitton announces the continuation of Nicolas Ghesquière as Artistic Director of Women’s Collections, a role he has held for a decade.

The privileged youth of China now perceive luxury in a more nuanced manner. The ultra-wealthy under the age of 40 approach wealth management, investment, and heritage preservation differently from their predecessors.

Swatch has teamed up with Blancpain to launch the Bioceramic Scuba Fifty Fathoms collection. Drawing inspiration from the five oceans, the series incorporates technical innovations.