With the fate of luxury brands increasingly reliant on Chinese shoppers, news that one of its biggest cities is adopting a duty-free shopping economy as part of government plans to foster domestic spending, is good news. With global economies in turmoil and disarray, China is leading the tax free movement with the city of Shanghai announcing...
23 Sep 2021
French fashion house Balenciaga is teaming up with online video game Fortnite to launch a digital and physical collection. Fortnite, part of American video game developer Epic Games, is bringing the high-fashion brand into its virtual world. Items available for gaming characters to wear are based on a real collection from Balenciaga, made in...
21 Sep 2021
There is no doubt that multinational corporations and conglomerates specializing in luxury and fashion are some of the industry’s most successful businesses. Think LVMH, Kering, Farfetch and New Guards Group, Richemont, OTB, Capri Holdings, Inditex, Swatch, etc, and think of these businesses each controlling a small number of houses and brands....
20 Sep 2021
A monogrammed Louis Vuitton Pochette bag sells for 560 dollars. In another listing a Cartier Tank watch in steel is on sale for 2,700 dollars. Pre-owned luxury site Tradesy is the latest platform hoping to take a share of the booming re-sale market, a category that has both consumers and investors excited. In a Series D funding round, Tradesy...
17 Sep 2021
Italian fashion house MSGM has announced Veronica Bertozzi will be joining the company as the new chief executive officer, effective since summer 2021. Bertozzi’s appointment follows her fourteen years as EMEA president at Stella McCartney and comes as MSGM looks towards restructuring its internal strategies through the independent development...
16 Sep 2021
It has not been a good year for global luxury. The total value of the world’s top 50 most valuable luxury and premium brands plummeted 7.6 billion dollars, down 5 percent from 227.1bn dollars in 2020 to 219.5bn dollars in 2021. The figures were revealed in the annual Brand Finance report Luxury and Premium 50 2021, which saw the value of fashion...
15 Sep 2021
A visit to a traditional department store often goes something like this: entering the building into a vast beauty hall, an emporium of brands selling makeup and fragrances behind counters, spritzing customers with their latest perfumes, pushy sales advisors at the ready. The adjacent aisles feature displays of handbags, accessories and gifts,...
12 Sep 2021
Valentino expects turnover to soon return to its 2019 ‘record-breaking year’ level, CEO Jacopo Venturini said this week. Q2 revenues were up 64 percent over 2020 to 574 million euros. In 2019 Valentino revenue surged to 1.22 billion euros but the pandemic saw a decline of 28 percent, in line with other luxury players. In an interview with WWD...
10 Sep 2021
Alongside Milan Design Week, luxury fashion house Gucci has released a new lifestyle collection, complete with stationary and other branded goods, as well as the opening of a temporary store set in the heart of Milan. Shoppers can get their hands on branded Gucci pencils, notebooks, writing paper, pencil cases and more in the Italian house’s...
9 Sep 2021
In this video, global initiative She’s Mercedes has presented a conversation between the head of marketing and communications at Mercedes-Benz Germany, Katja Ohly-Nauber, co-owner and creative strategist of Studio MM04, Magdalena Schaffrin, founder and designer of Lala Berlin, Leyla Piedayesh, the CEO of Haus Glanz, Sharon Berkal, and the...
Luxury fashion house Hermès has introduced its École Hermès des savoir-faire (the Hermès School of know-how) centred around leatherworking and craftsmanship. The French house has opened its doors to new potential talents, including those with no professional craftsmanship skills, to leather workshops. The first school of the luxury brand will...
A jewellery heist at Bulgari’s flagship boutique on Place Vendôme in Paris saw a gang make off with approximately 10 million euros on Tuesday. Armed and suited, the men succeeded at robbing the Italian luxury house in broad daylight, using a grey BMW as a getaway car and two scooters for distraction. All persons were later caught by police. In...
8 Sep 2021
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