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July 14, 2025
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Luxury Memo special reports

Luxury in 2018: Special Outlook Edition

January 4, 2018

London department store Fortnum & Mason is known for its elaborate holiday and New Year's specials. Image credit: Fortnum & Mason London department store Fortnum & Mason is known for its elaborate holiday and New Year's specials. Image credit: Fortnum & Mason

 

By Mickey Alam Khan

Rich grow richer. Do the merchants?

The outlook for luxury consumers in 2018 is bright: the rich are getting richer. The challenge for luxury marketers is how to get them to spend more.

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  1. Chanel reports 4pc revenue drop in 2024
  2. Givenchy debuts Matthew Williams-approved ambassador
  3. David Yurman funds Louvre sculpture restoration as it makes global foray
  4. Sales at Richemont shoot up in closing quarter of 2023
  5. The Langham, Lucid Air bring custom house cars to NYC, LA
  6. Virtus bag takes focus in fall/winter 2025 ads from Versace
  7. Ruinart launches product transparency platform in favor of traceability
  8. Saks Fifth Avenue launches collaboration with Rhode Island Commerce
  9. 35pc of aspirational consumers reduced or paused luxury spending in past year: BCG, Altagamma
  10. Chrono24 names first-ever chief growth officer
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