Luxury Daily, Aug. 4, 2020 – Burberry offers a look at how companies can navigate difficult times
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Mainland China is the biggest hope for luxury in the coming years. Its innovators are already spooking Silicon Valley.
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Hermés, in line with its peers LVMH, Kering and Richemont, saw a major slump in revenue over the second quarter and the first six months of the year as COVID-19 lockdowns and travel restrictions took a toll on retail-store operations.
Luxury Daily’s live news: Burberry unveils luxury sector’s first social retail store in China; Hermés, hit by pandemic-related store closings, sees 24pc drop in first-half 2020 sales; LVMH names 2020 Green Trail winners for sustainable innovation; Bentley to reveal new Mulliner Collection convertible this summer; Rebag embraces content marketing with The Vault; Moncler Genius adds luxury e-bikes to its lineup.
Hermés, in line with its peers LVMH, Kering and Richemont, saw a major slump in revenue over the second quarter and the first six months of the year as COVID-19 lockdowns and travel restrictions took a toll on retail-store operations.
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It is time for the apparel industry to radically reduce the industry’s contribution to biodiversity loss, argues McKinsey & Co.
Italian brand Pomellato, known for its whimsical designs and beloved by Hollywood stars, has debuted a new high jewelry collection, undaunted by the timing and optimistic of the potential to crack new markets.