Luxury brands news and archive

Luxury brands brace for the impact of the coronavirus

Chinese New Year is a major event on the retail calendar for fashion brands, much like Christmas in the West. This year’s unfortunate break-out of the coronavirus will have an enormous impact on Chinese spending abroad and back home. Early predictions of overseas holiday spending to increase 13 percent over 2019 looks set to be much lower. China...

Fashion Featured

How luxury changed from being exclusive to democratic

Once upon a time the meaning of luxury was part aspiration, part exclusivity and part too expensive for most to afford. It was the Hermès bag, the Cartier watch and cashmere designer coat that equalled status, good taste and most of all exuded wealth. Brands communicated their campaigns through magazines, who had the power to enthral readers and...

BusinessFeatured

France and Italy dominate Deloitte’s list of top 100 largest luxury companies

Businesses from France and Italy dominate Deloitte’s annual list of Top 100 luxury goods companies once again. The latest report covers the luxury goods sector in fiscal year 2016 (ending on June 30, 2017). Italy leads in number of companies making the list (24), but the nine French corporations that have made the top 100 represent almost 25...

Business|STUDY Featured

Luxury brands must become digital or risk ‘dying out’

London - Luxury brands which fail to evolve their digital front risk getting left behind as digital is the "inevitable, inescapable business shift of the future." Although some companies, such as LVMH, are beginning to invest in the digital domain, being digital means so much more than just ecommerce, and luxury labels who refuse to do so will...