Luxury Daily, Nov. 11, 2021 – Future of luxury investment: it is a seller’s market
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The luxury sector has seen a recent uptick in merger and acquisition activity as well as innovative investments, and experts believe consolidation will continue and conglomerates will grow stronger.
Younger generations are increasingly more willing to break away from traditional gender norms when it comes to dressing and accessorizing, shopping across gender lines and encouraging inclusivity in fashion.
Luxury Daily’s live news: Daniel Lee steps down from Kering’s Bottega Veneta; Ferragamo Q3 revenues climb across all channels, including retail; Alexander McQueen supports youth arts education with new partnership; Mercedes, Proenza Schouler embrace sustainable style with capsule collection; NRF sues to review US COVID-19 vaccine mandate.
Luxury Daily’s live news: Daniel Lee steps down from Kering’s Bottega Veneta; Ferragamo Q3 revenues climb across all channels, including retail; Alexander McQueen supports youth arts education with new partnership; Mercedes, Proenza Schouler embrace sustainable style with capsule collection; NRF sues to review US COVID-19 vaccine mandate.
Luxury brands and retailers are reveling in being young again with a breadth of recent entertainment-based pushes.
The fashion industry – which accounts for nearly 5 percent of global emissions and is the third highest contributor of global greenhouse gases – needs to transition to a circular model sooner than later, according to the British Fashion Council.
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As world leaders gather at the 2021 United Nations Climate Change Conference (COP26), the solutions discussed to cut global carbon emissions will affect the luxury sector, particularly fashion.
U.S. retailer Neiman Marcus Group is expanding several partnerships as it increases its focus on sustainable goods and services.