Day’s wrap: Slow fashion, Moët Hennessy, Fabergé and China escapes COVID-19 fallout

April 2, 2020

China's resiliency and ability to bounce back work in its favor. Image credit: Cheung Kong Graduate School of Business

Luxury Daily's live news:

“Slow fashion” term gets 90M social impressions in shopping-behavior shift: Lyst report
Fashion search engine Lyst released its 2020 Conscious Fashion Report, with a no-surprise finding: a huge uptick in searches for sustainability-related keywords.

Moët Hennessy brands marshal forces to help medical personnel swamped by COVID-19 cases
LVMH's Moët Hennessy wines and spirits division is pulling its own weight by supporting hospitals and medical staff in host countries worldwide.

Fabergé seeks relief from COVID-19 cycle with Easter egg design campaign
British jeweler Fabergé has launched a new social media campaign for consumers to design their own egg in time for Easter April 12.

COVID-19 to have “limited impact on China’s overall economic growth”: Chinese academic
Reaffirms faith in Bain forecast that overall luxury market in China will continue to sustain a compound annual growth of 9 percent to 10 percent through 2030.

Jewelers must take risks to inspire big-ticket purchases under lockdown
Jewelry brands that are struggling with how to sell gems and finely crafted items during the coronavirus pandemic may need to think outside of their sector for innovative ideas.