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Luxury news and archive

Amazon and Cartier team up in the fight against counterfeit goods

The global fight against counterfeit goods has seen an unimaginable pairing up of businesses, namely Cartier, the French haute jeweller, and online behemoth Amazon. The companies announced two joint lawsuits against a social media influencer and eight other entities for advertising, promoting, and facilitating the sale of counterfeit luxury...

23 Jun 2022

BusinessFeatured

Sustainable goods see decline due to high cost, yet luxury sales grow

With inflation rates at a forty year high as recession predictions swirl around the financial sphere, it would make sense to see a decline in discretionary spending as the cost of gas and daily essentials rise. While Morning Consult did find that consumers cut back on spending from February to March this year—with US apparel registering a one...

23 Jun 2022

BusinessFeatured

Louis Vuitton in Top 10 of Europe's most valuable brands

Louis Vuitton is the only luxury company to make the top 10 of most valuable European brands, according to the latest report by Brand Finance. In its annual Europe 500 2022 report, Mercedes Benz tops the list of most valuable brands and Ferrari as the strongest. Louis Vuitton comes in at number 8 of most valuable companies. In a separate...

22 Jun 2022

Fashion

Gucci teams up with Harry Styles for collection

Luxury fashion house Gucci has revealed a new collaboration with Harry Styles, building on the friendship between the brand’s creative director Alessandro Michele and the singer-songwriter. The ‘Gucci HA HA HA’ collection, which the duo said is the “starting point of a creative journey”, consists of a mix of aesthetics, ranging from the pop and...

21 Jun 2022

Culture

Christie's sells masterpieces from late designer Hubert de Givenchy for record 83 million euros

Christie’s auction of masterpieces owned by the late designer Hubert de Givenchy was supposed to last four days, ending on Friday. Instead, all of the lots were sold for 82,992,850 euros on the first day, setting the second highest record for a private collection sold at Christie’s in France. Amongst the treasures left behind by Givenchy include...

17 Jun 2022

Fashion Featured

Russian shoppers are turning to grey markets to buy fashion and luxury

Russian consumers are turning to grey markets for their shopping needs after sanctions have made access to local fashion and luxury labels difficult, if not impossible. Like China’s daigou – personal shoppers who buy luxury goods abroad and resell them at home with a small markup but do so avoiding the hefty tariffs – a new breed of personal...

16 Jun 2022

BusinessFeatured

Livestreaming and stores as physical fulfilment centres – China’s innovative retail experiences

“Think about e-commerce platforms and how many times you use them per day. Probably no more than once,” said Mei Chen, head of fashion and luxury UK, US and Northern Europe at Alibaba Group, during the Shoptalk Europe retail show in London last week. “Now if you go to China and you ask consumers how many times they use our Alibaba e-commerce B2C...

16 Jun 2022

RetailFeatured

European Union updates legal framework of online sales

The legal framework of online sales in Europe has been updated and implemented from June in order to protect brand owners, wholesalers and resellers. Revenue from online sales is crucial to most fashion brands but many grey areas exist concerning laws and regulations. For most fashion brands, and especially luxury, online sales is curbed by...

14 Jun 2022

Retail

Machine-A sets sights on international expansion with first China-based store

Machine-A has announced the opening of a Shanghai store, its first international location set to open mid-2022 and launching together with Belgian label Raf Simons. The British multi-brand retailer has set its sights on international expansion, starting with the 245 square metre store and shop-in-shop located in the Chinese city’s Jing’an...

10 Jun 2022

BusinessFeatured

Kering aims to double Saint Laurent revenue to 5 billion euros

Building a 10 billion euro fashion powerhouse is probably the dream of every conglomerate and luxury brand CEO. Currently only a few have achieved these monumental figures or at least managed to nudge toward to the divine ten bn. These include Louis Vuitton, Chanel, Gucci and Hermès. Kering on Wednesday said it aims to double the sales of Saint...

9 Jun 2022

Fashion Featured

British designer S.S. Daley wins top LVMH Prize

LVMH unveiled the recipients of its much-coveted prize, which took place on June 2nd and was presented by Australian actress Cate Blanchett. British designer Steven Stokey Daley took home the top prize for his fledgling men’s and women’s wear brand S.S. Daley. A 300,000 euro prize and mentorship In the jury sat a roster of artistic directors...

3 Jun 2022

Business

Maison Valentino launches conscious driven hub on website

Maison Valentino has revealed a new conscious driven area to its website, Creating Shared Value, unveiling the house’s daily operations and commitments to green transformation. The continuously updated hub allows users to interact with the Italian label’s world, with each of its values touched upon in three sections of the platform – People,...

2 Jun 2022