Armarium set out to offer luxury fashion at affordable price points to consumers who preferred to rent the looks, rather than buy. Image credit: Armarium
Luxury Daily's live news:
Google parent Alphabet, Facebook duopoly to overtake TV spend for first time
Online advertising will account for more than half of a projected $660 billion in global ad spend for 2020, with Google parent Alphabet and Facebook combined taking 35 cents on the dollar.
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Gucci owner Kering salutes World Wildlife Day in sustainability mission
French luxury conglomerate Kering has made a name for itself by touting its eco credentials. So it took to social media to remind everyone that March 3 is World Wildlife Day.
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Armarium, challenger to Rent the Runway in fashion rentals, falls victim to unforgiving retail market
Cofounder/CEO Trisha Gregory penned an open letter to the Armarium audience, acknowledging progress and challenges in a fashion market where behavior is ingrained and competition intense.
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Register now: Women in Luxury conference New York April 15
Register now for Luxury Daily's fourth annual Women in Luxury conference Wednesday, April 15 in New York. Meet with speakers from BMW, Chanel, Piaget, Apple, La Perla, Moët Hennessy, Ritz-Carlton, Mandarin Oriental, Maison Atia, Diamond Producers Association, Forrester Research, Ana Andjelic, Shanker Inc., Accenture, Modern Luxury, Worth, Meredith’s Travel + Leisure, China Luxury Advisors, Sedhom Law Group, Reputation Dynamics, Luxury Portfolio International and LVMH's Starboard Cruise Services.
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Morning's lead story: Ascendant China has more billionaires than US, India combined