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News briefs

Day’s wrap: China tourism, Neiman Marcus, LVMH’s Belmond, Rebag, EVRYTHNG and Arianee

June 17, 2020

Taking the right steps: Saint Laurent Cassandre YSL 110mm Sandals selling at Neiman Marcus, $995. Image credit: Neiman Marcus Taking the right steps: Saint Laurent
Cassandre YSL 110mm Sandals selling at Neiman Marcus, $995. Image credit: Neiman Marcus

 

Luxury Daily's live news:

Will European luxury collapse without Chinese tourists?
With wealthy shoppers from Asia and the Middle East absent, the European luxury industry is hanging on by a thread.

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EVRYTHNG, Arianee partner to offer item-level traceability, authentication for luxury and fashion goods
EVRYTHNG and Arianee have partnered to introduce digital proof of authenticity and item-level traceability to luxury and apparel goods, from the factory to the consumer and resale markets.

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LVMH’s Belmond hotel group runs paean to Italy as travel slowly resumes
The company commissioned Emmy award-nominated director Francesco Carrozzini to write and narrate a film titled, “My Love Letter to Italy.”

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Rebag, flush with funding, expands from handbag core to accessories resale
Resale platform Rebag will expand into new categories beyond designer handbags only a month after announcing a fresh round of funding to fuel expansion.

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US department store giant Neiman Marcus Group, with $250M in fresh debtor financing, gets to live another day
Troubled U.S. department store chain Neiman Marcus has received a cash infusion of $250 million to continue its business operations as states lift the COVID-19 lockdowns imposed up and down the country.

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Why luxury brands should hire equity officers
Luxury brands across sectors took a stand to support Black Lives Matter and promised to ensure equality in their companies. Hiring an officer dedicated to monitoring and enforcing equality and diversity in practice can help meet those objectives beyond tokenism.

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Call for nominations: Luxury Women to Watch 2021
Even as more women ascend the decision-making ranks at luxury marketers amid the current healthcare crisis, work needs to be done to attract them to C-suite and key marketing, retail, media and digital positions in a business that shows resilience and long-term focus in good times and bad.

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