For this year’s edition of the Financial Times Business of Luxury Summit – its first to be held entirely online – the publication will invite executives, creatives and analysts from around the world to share how they are navigating this unprecedented period, planning for future growth and where they see investment and acquisition opportunities.
For this year’s edition of the Financial Times Business of Luxury Summit – its first to be held entirely online – the publication will invite executives, creatives and analysts from around the world to share how they are navigating this unprecedented period, planning for future growth and where they see investment and acquisition opportunities.
For this year’s edition of the Financial Times Business of Luxury Summit – its first to be held entirely online – the publication will invite executives, creatives and analysts from around the world to share how they are navigating this unprecedented period, planning for future growth and where they see investment and acquisition opportunities.
JD Luxury benefited from pent-up demand and saw sales on Nov. 1 jump by 138 percent, year-on-year. Furthermore, in the first 30 minutes, 127 brands including Ferragamo, Ralph Lauren and Tod’s reported sales ten times the amount of the previous year.
For this year’s edition of the Financial Times Business of Luxury Summit – its first to be held entirely online – the publication will invite executives, creatives and analysts from around the world to share how they are navigating this unprecedented period, planning for future growth and where they see investment and acquisition opportunities.
As the rest of the world struggled with lockdowns and mounting death tolls from the ongoing pandemic, China celebrated its biggest retail festival, Singles’ Day, or 11.11, which somehow managed to be bigger than ever this year, setting multiple sales records.
For this year’s edition of the Financial Times Business of Luxury Summit – its first to be held entirely online – the publication will invite executives, creatives and analysts from around the world to share how they are navigating this unprecedented period, planning for future growth and where they see investment and acquisition opportunities.
As Asia continues to steadily recover from the coronavirus pandemic, luxury brands that continue to invest in the market should be cautiously optimistic about these efforts paying off into 2021.
Online retailer Farfetch is teaming with Chinese ecommerce giant Alibaba and Swiss luxury group Richemont with the hopes of expanding its global reach, particularly in the world’s largest luxury market.
Ecommerce marketplace Farfetch, Alibaba Group and Richemont have announced a global partnership to provide luxury brands with enhanced access to the China market as well as accelerating the digitization of the luxury industry.
