Luxury brands prices increase alienates aspirational consumers
In the past years major luxury brands have been increasing prices focusing on the highest end of the market spectrum and targeting the most affluent…
Category: Business
British luxury market grows to GBP 81 billion annually
Walpole‘s latest ”Luxury in the Making” study finds that British luxury is a high growth sector, having increased 69% to a value of £81bn in…
Farfetch to lay off a third of staff in 2024
Amid an ongoing upheaval of its management team, luxury e-tailer Farfetch is now also reportedly set to lay off between 25 and 30 percent of…
Swiss watch exports massively soaring
For the third consecutive year, watch exports experienced strong growth in 2023, exceeding the 26 billion francs mark for the first time. But a few…
China’s luxury market expected to grow 4 to 6 percent in 2024
The fact that China’s economy may now be weakened but its domestic luxury market is almost double the size it was in 2019, with growth…
Luxury brands and retailers expect more turbulence in 2024
With wars grinding in Ukraine and the Middle East, and a record number of countries holding elections in 2024, consumers are, understandably anxious, and more…
Luxury retail could slow down in 2024
Following years of growth, the luxury industry might face a slowdown, according to RBC Capital Markets. LVMH’s stock price falling -7% following its quarterly results, its biggest…
Bucherer (Rolex) partners with Mytheresa for its fine jewellery
Bucherer has announced that its jewellery brand Bucherer Fine Jewellery will be exclusively available with luxury online retailer Mytheresa, marking the brand’s first online retail partnership. The…
Visitors cut spending on luxury goods due to Britain’s tourist tax
A new report from the British luxury council which represents around 600 businesses in London, has found that spending in the capital by tourists this…
Sluggish first quarter for US luxury retail sales
For the first quarter of 2023, the majority of luxury brands and groups saw a decline in sales in America (Kering, Burberry, Prada, Richemont etc). Hermès is one…
Les ventes de LVMH ralentissent aux États-Unis alors que la Chine rebondit
Les ventes de LVMH aux États-Unis ont diminué au deuxième trimestre, la morosité de l’économie ayant dissuadé certains acheteurs d’acheter vêtements et sacs à main…
Luxury goods, a prime investment for money launderers
Luxury goods and their potential connection to “dirty money” or illicit activities is a constant subject of scrutiny and concern. Most luxury brands have faced…
Les nouvelles technologies bouleversent le recrutement dans le secteur du luxe
Dans l’univers du luxe où les enjeux sont élevés, les entreprises sont confrontées à des pressions concurrentielles plus fortes que jamais. L’un des champs de bataille…
Tod’s Group welcome new generation of managers
Our children will join the company says Diego Della Valle, CEO of Tod’s Group. Arnault works a lot, in Italy I do not see the creation of…
Understanding the dynamics of Hip-Hop with the luxury industry
Supreme and Louis Vuitton took everyone by surprise last Paris fashion week, a surprising partnership when you consider that their last meeting dates back to…