Luxury Daily, May 31, 2017 – Luxury to experience small growth in 2017, thanks to recovery of Chinese consumers

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May 31, 2017

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Retail

Luxury to experience small growth in 2017, thanks to recovery of Chinese consumers

The global luxury market is expected to bounce back this year with predicted growth of 2 to 4 percent, according to a new joint report from Altagamma and Bain & Company.

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Strategy

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Never miss a luxury moment. Access the latest luxury business news and analysis, marketing and retail campaigns, features, special reports and live coverage during business hours. Check the $12 for 12 weeks offer for 22 percent off the annual subscription price.

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Fragrance and personal care

Social media feedback is beauty’s primary purchase decision driver: report

Retailers who provide in-store WiFi are no longer offering a luxury amenity, since it is now seen as the norm and is vital to appeal to customers, according to HRC Retail Advisory.

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Apparel and accessories

Prada film shorts make accessories natural part of life FREE

Italian fashion house Prada is promoting its latest line of accessories with a new video series shared on Instagram.

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Strategy

Luxury Daily subscribers to receive new innovation-focused Luxury Memo special reports FREE

Subscribers to Luxury Daily will start receiving a Luxury Memo special report as part of their subscription that will be a deep-dive innovation focus on industry sectors, brands and issues of the day.

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Apparel and accessories

Dolce & Gabbana takes to the garden for floral-filled campaign

Fashion house Dolce & Gabbana is focusing on florals for its latest ready wear collection and the campaign that follows.

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Jewelry

Piaget debuts limited-edition tribute to Altiplano watch

Swiss watchmaker Piaget is issuing a special limited-edition version of its Altiplano watch in celebration of the timepiece's 60th anniversary.

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Automotive

Aston Martin sets up camp with Red Bull drivers

British automaker Aston Martin is showing off its fun side with Red Bull by livening up a camping trip that leads up to a big race for the Austrian beverage maker’s driving team.

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News briefs

Karl Lagerfeld, Galeries Lafayette, Spago, LVMH, Lalique and Missoni Home – Live news

Luxury Daily's live news from May 30 - Karl Lagerfeld to launch ModelCo limited-edition cosmetics in 2018; Galeries Lafayette aims for increased store traffic via shopping experience; Los Angeles’ Spago jumps the pond for London pop-up; LVMH spotlights internal environmental managers during Green Week 2017; Lalique’s latest perfume trio inspired by heritage, crystal-making process; Missoni Home shares Italian joie de vivre with Saint-Tropez, France.

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News briefs

Neiman Marcus, outerwear, Chanel and Emirates – News briefs

Today in luxury marketing - Neiman Marcus interim CFO, chief operating officer departing; Is luxury outerwear the next "It" category?; 8 times Chanel and Supreme dropped the same ridiculous thing; Emirates is shrinking its first-class cabins.

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Columns

The end of lying: The new transparency in luxury and politics

The wave of populist sentiment across the globe has shown us just how disillusioned and disenfranchised modern consumers are with traditional relationships with authority. What does this trend of transparency mean for luxury brands?

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Columns

What lessons can family businesses learn from the luxury industry? Part 2

Despite upheaval in the luxury industry over the last 20 years, family business will survive and prosper – but only if they successfully manage to implement several key strategies. The second part of the full article lays the blueprint for success for family-run businesses in the luxury sector.

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