Having taken their place as some of the biggest spenders at boutiques in Paris, Tokyo and New York in the years prior to the COVID-19 pandemic, outbound Chinese tourists seem to be in no rush to crowd onto long-haul flights.
During COVID, a dynamic male consumer has emerged due to the accelerated conversion to online luxury purchases as well as a swelling middle class across Tier 2–4 cities.
The ongoing zero-COVID policy has already cost the city its standing as Asia’s top financial hub due to an exodus of professional talent, a situation that has restricted its ability to conduct normal levels of business.
Spanish fashion label Loewe is adding a few leading ladies to its luxury lineup.
As news of online retailer Farfetch’s recent acquisition of Yoox Net-a-Porter (YNAP) from Swiss luxury conglomerate Richemont makes its rounds, so too must considerations for the common denominator demographic between all parties involved.
Even as questions arise about the health of Chinese consumer demand, recent investments indicate China’s personal fragrance market could remain a bright spot even in the event of a marked luxury slowdown.
As millions gathered at Westminster Abbey in London to view Queen Elizabeth II’s final public procession on Monday, audiences also witnessed luxury’s key players respond with a final wave of formal regards.
Vogue put on the ultimate spectacle for fashion lovers earlier this week, utilizing New York as a runway with some of Hollywood’s biggest stars.
Italian fashion label Valentino is painting the world Pink PP, with help from two-time Emmy-winning actress Zendaya.
Italian fashion label Versace has made the acquisition of its items a more costly endeavor as the brand raises prices, falling in line with other luxury contemporaries like Louis Vuitton and Bottega Veneta.
