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Alibaba’s cave of treasure

Business

Alibaba’s cave of treasure

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.

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« Most Swiss export products can be associated with luxury »
Business

« Most Swiss export products can be associated with luxury »

Nicolas Bideau, director of Presence Switzerland and the country’s ambassador abroad, believes that luxury has no choice but to bet on sustainability. He talks about the values that make Made in Switzerland a quality label on an international scale. Even in times of crisis.

By Fabio Bonavita

«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 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

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 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

MonteNapoleone District: Milanese luxury between crisis and rebirth
BusinessFeature

MonteNapoleone District: Milanese luxury between crisis and rebirth

How is the Italian fashion Quadrilatero facing the drastic decrease of luxury tourism? Guglielmo Miani, president of the MonteNapoleone district shares his solutions in an exclusive interview.

By Gaia Passi

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

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

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

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

The profound metamorphosis of Swiss watchmaking
BusinessFeature

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.

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

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 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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