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Today in luxury - Could a Prada sale be luxury’s next mega-deal?; Richemont sales rise despite Hong Kong downturn; Gen Z, women and Louis Vuitton drive StockX to $1B in transactions; A luxury dish is banned, and a rural county reels.

As Western luxury brands flock to mainland China to open bricks-and-mortar stores, they are, to varying degrees, coming to grips with the market. Attempts by Chinese fashion groups to expand westward, however, have been surprisingly less successful.

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.

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.

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.

Luxury Daily live news from Jan. 17 - Wealthy to grow 5.7pc this year to 26.6M with combined worth of $110 trillion; Jean Paul Gaultier’s next runway show is his last; Burberry signifies China importance with Shanghai as venue for fall-winter show; La Perla nabs Oscar de la Renta exec Morgan Richardson to grow lingerie business; Saks sponsors Town & Country’s 2020 Jewelry Awards with February cover star Aerin Lauder as cohost.

This year looks to be one of solid expansion in the global wealthy population and their respective wealth, according to an optimistic outlook from Wealth-X.

Fashion designer Jean Paul Gaultier has said his upcoming runway show will be the last, following the example of a few others such as Moncler Genius that have ditched that format.

The fall-winter collection 2020 will be presented April 23 in Shanghai for both menswear and womenswear. The show will include new looks designed exclusively for the event and sale in China.

Morgan Richardson has been named brand president of North America and Mexico for La Perla with a mandate to fine-tune strategy and grow the Italian lingerie brand in a competitive and changing landscape.

Officially the Town & Country Jewelry Awards with Saks Fifth Avenue, the cocktail event will be held Jan. 27 at L’Avenue. Town & Country February cover star and entrepreneur Aerin Lauder will cohost the awards alongside Saks president Marc Metric and T&C editor in chief Stellene Volandes.

NEW YORK – While China is fueling a significant portion of luxury growth, the millennial generation is poised to have a greater impact on the business’ expansion in the coming years.

French fashion house Chanel is exploring the fast bonds created through shared experiences in a push for its latest watch and fine jewelry collections.

NEW YORK – Beyond choosing to fly locally to avoid traffic, affluent consumers are opting to travel in the air in part due to the perk of bragging rights.

’Tis the season for luxury brands to court Chinese customers – on tiptoes.

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.

Luxury Daily will not publish on Monday, Jan. 20, in observance of Martin Luther King Jr. Day. We will resume publication on Tuesday, Jan. 21.

Luxury Daily's live news from Jan. 16 - Jaguar Land Rover working on shape-shifting seat to address driving ergonomics; Van Cleef & Arpels showcases high jewelry at Milan exhibition; Vogue, enticed by Singapore’s fashion and luxury demand, to launch local edition; Net-A-Porter goes with Netflix for Next In Fashion contest and $250K grand prize for winning designer.

Today in luxury - Is this the Birkin bag of lipstick?; Balmain to debut new eyewear with start-up Akoni; The second-biggest diamond in history has a new owner; These are the world’s most expensive cities for luxuries.