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…
Category: Insight
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…
High end hospitality hit hard by the wars in Israel and Ukraine
According to a research by CPP, the ongoing war in Ukraine and the war in Israel will have a major inhibiting effect for the ‘traditional’ source…
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…
Jane Birkin: The woman with a bag named after her dies at 76
Getting into the fashion industry can be easy. Maintaining a name into the business too. But leaving this world behing being an icon of the…
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…
In conversation with Ana Brant
In conversation with Ana M. Brant, director of guest experience innovation with Dorchester Collection Hotels.
The story of the TAG Heuer Monaco watch
The Monaco watch from TAG Heuer has a fascinating story behind its creation. Introduced in 1969, it quickly became an iconic timepiece that pushed the…
Donna Karan, a timeless American designer
Donna Karan, born Donna Ivy Faske on October 2, 1948, is an American fashion designer and the creator of the Donna Karan New York and…
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…
Harrods rank number one employer among luxury department stores around the world
Harrods employees over 10,000 staff. Fifty percent employed directly by Harrods and fifty percent by in-store concession brands such as Gucci and Chanel. This brings…
Age discrimination at work slowing luxury sector performance
Keeping older people out of the workforce in the U.S.A in 2019 had a cost of $800 billion, according to AARP. Ageism in the workplace…
Fendi unveils newly renovated boutique in Courchevel
Fendi has unveiled its fully renovated its 92 sqm boutique in Courchevel. Materials and finishes include precious woods, marble and travertine, to create a “modern and warm”…