Luxury Daily, August 21, 2018 – China is the biggest driver of global luxury growth: McKinsey

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August 21, 2017

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Retail

China is the biggest driver of global luxury growth: McKinsey

China is rapidly becoming one of the most important luxury markets in the world, with more than $7.4 billion in luxury goods being bought in the country per year, according to a new report from McKinsey.

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Strategy

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Apparel and accessories

Louis Vuitton’s fall/winter collection takes cues from streetwear

French fashion house Louis Vuitton is debuting a fall/winter 2017 campaign that includes a streetwear-inspired aesthetic and hip-hop-tinged short film.

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Strategy

Join senior executives and decision-makers at Women in Luxury, a new conference hosted Tuesday, Sept. 26 in New York by Luxury Daily. The event will highlight the role of women and the opportunities and issues for them in a rapidly evolving luxury business. Speaker list, agenda and registration link in article.

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Retail

Bloomingdale’s encourages beauty experimentation with Glowhaus boutiques FREE

Department store chain Bloomingdale’s is offering a “beauty happy place” for cosmetics-lovers with a new boutique called Glowhaus.

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Software and technology

Smartwatches have promising future: Connected Intelligence

While the smartwatch industry was slower to take on than previously expected, disruption from these devices may still occur as adoption rates are steadily increasing.

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Automotive

Mercedes invites developers to come up with innovation for $18K

German automaker Mercedes-Benz is flexing its technological muscles and mining for unsourced talent in a special competition.

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Blog

Top 5 brand moments from last week

Luxury brands are launching new platforms that make it easier for consumers to connect, whether that means following a sporting event or sharing tips and opinions with like-minded peers.

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Strategy

Sports and luxury – Luxury Memo special report

While luxury and sports might seem to be an odd couple, the relationship between the two, particularly the types of sports most favored by the upper crust of society, is deep and long-lived.

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Research

Join our 2nd annual State of Luxury survey, receive exec summary FREE

To assess the current state of the luxury business from an insider’s point of view, Luxury Daily and Unity Marketing have partnered again to create the second annual State of Luxury study. Please help us complete the survey and receive the executive summary and a free book.

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News briefs

Automakers, loyalty programs, Estée Lauder, Dries Van Noten, Yves Delorme, Chopard and Peninsula – Live news

Luxury Daily's live news from Aug. 18 - Rolls-Royce, Lamborghini, Bentley among rare automobiles at 2017 Salon Privé Concours; Communication from brands is key for loyalty programs: L2; Estée Lauder’s recent acquisitions result in strong 2017 financial performance; Dries Van Noten shares thoughts on 100 fashion shows, collections; Yves Delorme to auction bespoke bedding for breast cancer awareness; Chopard links with JD.com for first Chinese ecommerce venture; Peninsula Hong Kong turns Van Cleef & Arpels’ inspirations into tea-sized treats.

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News briefs

Creative directors, brand launches, London real estate and Burberry – News briefs

Today in luxury - Fantasy fashion draft picks; Walpole's secrets of success: How to launch a luxury brand; The enduring appeal of Thomas Burberry's iconic check; Global super-rich agreeing to rent luxury London homes without visiting.

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Legal and privacy

Gucci infringement case against Forever 21 shows limits of trademark rights

A trademark is a more limited right than a copyright or design patent. It is merely the right to use a particular word or symbol to identify the source of goods.

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