Luxury Daily, May 19, 2020 – Global wealth grew 50pc over last decade, but future outlook uncertain
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| | Research Global wealth grew 50pc over last decade, but future outlook uncertain | Worldwide wealth and the wealthy population increased by more than 50 percent over the last decade and the number of global millionaires doubled between 2005 and 2019 to more than 25 million individuals. But the current crisis leaves the future uncertain. Entire
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Arts and entertainment Sotheby’s record-breaking online sales up 370pc in 2020 | Sotheby’s is breaking records in its online sales, earning $100 million to date in 2020 and up 370 percent over last year as the pandemic has escalated the organization’s digitization and attracted new audiences around the globe. Entire
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Apparel and accessories Prada Group taps Sprinklr AI tech to deploy data-driven social strategy | Italy’s Prada Group is targeting a new group of customers with the deployment of a data-driven social advertising and engagement strategy. Entire
article | Strategy Subscribe now: Full access to 90,000+ articles, reports, videos and images FREE | 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. Entire
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Marketing Why luxury will never be the same | After my discussions with luxury managers, there seems to be one consensus. This current crisis is only an accelerator of deeper brand issues that have been around for years. Entire
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News briefs Bal Harbour Shops, Fendi, Ferrari, Richemont chairman, Lexus and Ipsos | Luxury Daily's live news: Florida’s Bal Harbour Shops reopens with social distancing, health guidelines; Fendi reopens stores, Ferrari unlocks doors to museums as Italy relaxes lockdowns; Richemont chairman Johann Rupert on company future: “Impossible to make meaningful predictions”; Japan’s Lexus shifts gears with TV spot as US lockdowns ease; Financial realities, market losses hurting affluent consumers’ view of own financial advisors. Entire
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Columns Post-pandemic pivot: Being dynamic beats being efficient FREE | Whatever the world looks like on the other side of this, it is not going to look like it did in January. Entire
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