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Luxury Daily's live news: Leading US fashion and retail trade groups speak out against forced labor use in China’s Xinjiang province; Bottega Veneta takes over Saks windows in New York, opens first US shoe shop-in-shop; 8 fashion designers make final round of LVMH Prize as jury beefs up with house stars; Chanel rolls out film highlighting quilted pattern to plug Coco Crush jewelry; Luxury marketers: Keep calm and carry on.

Defining a luxury label by its functional aspects and high prices cannot replace the value a brand creates.

Luxury Daily's live news: Leading US fashion and retail trade groups speak out against forced labor use in China’s Xinjiang province; Bottega Veneta takes over Saks windows in New York, opens first US shoe shop-in-shop; 8 fashion designers make final round of LVMH Prize as jury beefs up with house stars; Chanel rolls out film highlighting quilted pattern to plug Coco Crush jewelry; Luxury marketers: Keep calm and carry on.

Five leading fashion and retail trade organizations have issued a joint statement condemning the alleged use of forced labor affecting ethnic minorities in China’s Xinjiang province.

Saks Fifth Avenue’s New York flagship has given over six windows and visual installations throughout its store to Italian fashion brand Bottega Veneta.

The company also welcomed to additional judges Virgil Abloh and former Prize finalist, Robyn Rihanna Fenty and Stella McCartney to the jury of the LVMH Prize.

French fashion house Chanel has debuted a new film to promote its Coco Crush line of fine jewelry that borrows the quilted motif from the equestrian world.

Does the luxury business follow a business cycle, or is it immune to the twists and turns of the global economy?

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.

Luxury is particularly exposed this time, unlike the previous recession. Now, everything is jammed up in exactly the spots where luxury is most vulnerable.

The COVID-19 coronavirus is wreaking havoc on the Swiss watch business, and it could be months before the full fallout is understood.

This third annual State of Luxury: The Insider View report by Luxury Daily and Unity Marketing surveys 600-plus luxury insiders on their reasons for optimism and caution in 2019. Buy the 44-page exclusive research to arm yourself with invaluable intelligence, or get it free with an annual subscription to Luxury Daily.

We invite you to subscribe to Luxury Daily and join the ranks of the smartest luxury marketers worldwide. Our subscribers include decision-makers and executives from the world's leading luxury brands, retailers, agencies, publishers, market researchers, universities and consultancies.

Vegan handbag maker Angela Roi wants to disrupt the traditional fashion industry and deliver handbags that are animal-friendly, fair trade and good for the planet in a strategic move to appeal to consumers who want more purpose in the products they purchase.

Luxury Daily's live news: Rimowa partners with Garrett Leight for first eyewear collab; Christie’s postpones Important Watches auction in Dubai over virus fear; Chubb, targeting wealthy car collectors, to sponsor Concours of Elegance at UK’s Hampton Court Palace; UKFT, in coronavirus guidance, recommends “business as usual” attitude for trade shows.

Bluntly put, Amazon is always one step behind Alibaba, and its new venture into the world of luxury continues this trend.

Luxury Daily's live news: Rimowa partners with Garrett Leight for first eyewear collab; Christie’s postpones Important Watches auction in Dubai over virus fear; Chubb, targeting wealthy car collectors, to sponsor Concours of Elegance at UK’s Hampton Court Palace; UKFT, in coronavirus guidance, recommends “business as usual” attitude for trade shows.

German luggage brand Rimowa has launched its first eyewear collaboration in a deal with cult-status Garrett Leight California Optical to coincide with the U.S. partner’s 10th anniversary.

Christie’s Important Watches auction that was scheduled for April 11 in the Middle East’s Dubai has been postponed as a precaution against the coronavirus outbreak in many parts of the world.

Chubb, the world’s largest publicly traded property and casualty insurer, has signed on to sponsor for the first time the Concours of Elegance at the United Kingdom’s Hampton Court Palace.

The U.K. Fashion & Textile Association has recommended members continue conducting business in a normal vein, especially with trade shows and other activities they would have supported this year and beyond.