Luxury labels still slacking in transparency efforts
Transparency is essential for the fashion industry to achieve true sustainability, but a new report shows that many brands are keeping their practices opaque.
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Luxury Daily, July 28, 2021 – Brands cannot ignore litany of opportunities on TikTok
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LVMH sets first half record, revenue up 56pc
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton has recorded revenue of 28.7 billion euros, or $33.89 billion at current exchange, in the first half of 2021, up 56 percent compared to the same period in 2020.
Louis Vuitton’s new high jewelry line lauds founder’s spirit
French fashion label Louis Vuitton is honoring the 200th anniversary of its founder’s birthday with a cinematic new effort and high jewelry collection.
How long can Hermès rely on Birkin’s allure?
Over the past three decades, the value of Hermès iconic bag has increased steadily by 14 percent year-over-year, reflecting the famous phrase, “Birkin bags make for a better investment than gold or stock.”
LVMH asserts luxury dominance with latest acquisitions
The luxury industry is experiencing a flurry of M&A activity, perhaps best exemplified by the shrewd moves and investments made by French luxury conglomerate LVMH Moët Hennessy Louis Vuitton.
Footwear takes steps towards circularity: Fashionbi
As the fashion industry continues in its journey towards sustainability, footwear brands are increasingly acknowledging their environment footprint, integrating new circular models into design, material sourcing and production.
Nike’s lessons in luxury: Lessons for luxury
Nike has a saying that it sells to athletes and that “if you have a body, you are an athlete.”
Sourcing, circularity are Richemont’s core sustainability goals
Swiss luxury goods conglomerate Richemont has shown strong progress across the main focus areas of its corporate social responsibility strategy, in alignment with the UN’s Sustainable Development goals, as it pushes for renewable energy and circularity.
Is China’s affordable luxury market dying?
Nowadays, most luxury brands sell dreams, exclusivity and prestige rather than craftsmanship, heritage and artisanal skills. As such, there is little difference between a pair of luxury Chanel sneakers and a well-done, fast-fashion copy of them.