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Luxury news and archive

Vivrelle and Four Seasons to offer guests luxury accessories

Luxury hotel and real estate group the Four Seasons is partnering with Vivrelle, a shared closet service of designer handbags and accessories, to provide a complimentary access to its closet to guests and residents. The service will launch at the group’s Los Angeles Private Residences location and Houston hotel, where accessories from brands...

8 Mar 2023

Fashion |REPORT Featured

Paris Fashion Week: Luxury bets on safe havens

Steeped in couture touches, Paris Women's Fashion Week AW23 revived a certain idea of Parisian luxury. While very high-end fashion is not experiencing a crisis, its labels did not shun the refuge values represented by the face of the French capital, the myth of the Parisian woman or the creative heritage of a house. There were 106 registered...

7 Mar 2023

Business

Customers sustain interest in luxury according to Saks Luxury Pulse

Despite the increasing uncertainty surrounding the macroeconomic environment, it appears that consumer interest in luxury has not been depleted. According to a new survey conducted by Saks, entitled ‘Saks Luxury Pulse’, luxury consumers were even found to be planning to continue their spending over the next three months, with the majority of...

7 Mar 2023

Podcast

Podcast: How brands can court luxury shoppers in Japan

The Asian fashion market has several countries with a strong penchant for luxury fashion, including Japan. The Japanese luxury consumer has specific needs that Christine Edman, executive officer of Japanese e-commerce platform Zozo, explains in this episode of The Business of Fashion podcast. Brands must have the patience to conquer the Japanese...

3 Mar 2023

Fashion |IN PICTURES Featured

A new wave of Chinese designers sweeps the European fashion industry

At a time when China is turning towards its domestic market, the emergence of new Chinese designers, positioned at the top of the range, is not insignificant. Especially since this young generation is challenging preconceived ideas about "made in China", thereby creating what can be called a "new wave". The mention of Chinese brands often leads...

28 Feb 2023

Business

Resale platform Open for Vintage launches in US

Europe-based resale platform Open for Vintage (OFV) has set its sights on the US market, partnering with Poshmark to power its launch in the region. Through the deal, over 100,000 authenticated, pre-owned luxury items will be made available via the OFV Poshmark closet, allowing US consumers to access the platform’s services for the first time....

24 Feb 2023

Business

Gucci launches Circular Hub in bid to bring circularity to Italian fashion

Gucci has announced the launch of a circular luxury hub in Italy which will aim to drive the adoption of circular operations throughout the region’s fashion industry. Entitled ‘Circular Hub’ and supported by the brand’s parent company Kering, the open platform looks to aid in the transformation of the entire value chain, starting from raw...

21 Feb 2023

Business

Luxury sector eyes reopening of China

After a year of record sales and profits despite slowing global growth the luxury sector is looking to the reopening of China to deliver further expansion in 2023. The world's largest luxury group LVMH posted a 23-percent jump in sales to a record of 79 billion euros (86 billion dollars) in 2022 and saw profits climb 17 percent to 14 billion....

20 Feb 2023

Business

Gucci to focus on HNWI and private clients to boost sales

Gucci is revving up its strategy to increase sales, targeting high net worth individuals (HNWI) to foster growth. Kering’s results this week confirmed the Italian luxury house has lost its momentum, but private client sales could boost its bottom line, with prices ranging from 40,000 dollars to 3 million dollars, Kering ceo Francoi-Henri Pinault...

17 Feb 2023

Retail

Mulberry closes Bond Street flagship

British accessory business Mulberry is closing its Bond Street flagship store after 27 years. The boutique, housed in one of London’s most affluent shopping destinations, failed to generate sufficient sales after the government ended its VAT-free shopping scheme. What some outlets have dubbed the ‘tourist tax’, Mulberry’s store revenue was...

14 Feb 2023

Business

China's luxury market shrank 10 percent in 2022

China’s luxury market contracted 10 percent in 2022, according to insights published by consultancy firm Bain & Company on Tuesday. After five years of successive growth, China’s zero-Covid policy slowed economic spending, Bain’s report said. Despite the tough year for luxury brands in China’s market, the outlook is positive, with growth to...

8 Feb 2023

Business

Farfetch opens applications for second edition of Dream Assembly Base Camp

Luxury e-tailer Farfetch has announced, together with its partner Outlier Ventures, that it has opened applications for the second edition of its Dream Assembly Base Camp. For Cohort Two, the accelerator programme will continue to follow a 12-week remote schedule, providing participants with a curated line up of mentorship, networking and...

31 Jan 2023