Luxury Daily, Nov. 2, 2021 – Future of influencer promotions lies with gamers: YouGov
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How does the Kering-owned Italian fashion house build long-term relationships with Chinese celebrities, from brand ambassadors to partners, and collaborate with them to create engaging content?
French luxury group LVMH secured five brands on Interbrand’s 2021 Best Global Brands rankings, with fashion house Louis Vuitton joined by automakers Mercedes-Benz, BMW and Tesla in the top 20.
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French fashion house Balenciaga has topped the Lyst Index of fashion’s hottest brands for the first time since 2018, dethroning fellow Kering-owned label Gucci.
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It is China, the world’s leading growth market for luxury, that has spooked investors, with September bringing a slew of threats after August’s Common Prosperity push and a broader crackdown on Chinese tech companies.
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Recent developments have pushed some independent brands into bankruptcies, while others lost revenues because of an unexpected shutdown of consumer activity.
Luxury Daily’s live news: LVMH acquires personal care brand L’Officine Universelle Buly; Facebook files second motion to dismiss antitrust lawsuit; Gucci continues centennial celebration with Saks, Mattel; Zegna hosts virtual roundtable celebrating founder’s scholarship; LX Collection begins international expansion.