Luxury Daily, March 7, 2022 – Russia-Ukraine war most likely to affect aspirational consumers
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Fashion industry groups are joining their members in showing support for Ukraine amid the ongoing invasion.
Condé Nast’s Vogue Ukraine is calling on fashion and luxury brands to place an embargo on Russia as the country’s invasion of Ukraine continues to unfold.
French fashion house Chanel is the top luxury brand among affluent and high-net-worth Chinese consumers, having remained agile in navigating the market’s nuances.
AliExpress and the WeChat ecommerce ecosystem, two significant China-based online markets, reportedly facilitate substantial trademark counterfeiting, per a statement from the U.S. Trade Representative’s office.
French fashion house Hermès is weighing in on work-from-home style with a playful new campaign.
Gucci is about an unapologetic and bold expression of individuality. Its storytelling is not about the finest leathers, best materials or greatest products.
Swiss watch exports remained on the upswing in January 2022, with growth in line with recent months according to the Federation of the Swiss Watch Industry.
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In 2021, the diamond industry saw significant growth due to eager consumers ready to spend extra cash coupled with the accessibility of diamond jewelry, as opposed to experience-based luxury spending.