Ten years ago, a standard executive boardroom at a top luxury company would mostly consist of white men. But in recent years, fashion’s lack of diversity as it pertains to race, gender and body representation has come under fire.
Reflective of the rapidly changing nature of business today, the executive leadership at luxury companies is also evolving.
Italy’s Gucci is trying to build up its email database by linking the imminent debut of its Jackie 1961 bag to offering exclusive early access to My Gucci account members.
The United States has announced plans to add an import tax to French beauty and luxury goods as part of its ongoing disagreement with France after the Gallic nation threatened U.S. tech companies with a digital services levy. The timing could not be worse.
Only a decade ago, widespread use of augmented and virtual reality seemed clunky or out of reach. But brands and developers have focused on innovative activations of this technology and have allowed it to flourish, especially in luxury.
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Luxury Daily’s live news: Fendi expands digital boundary with debut of first TikTok official channel; Gucci debuts new playful take on idea of imitation with Accidental Influencer project; Kering’s Qeelin jewelry brand is symbol of China’s growing pride for domestic champions; Saks Fifth Avenue debuts $200-$600 meal kits for New York’s wealthy; How alcohol legislation is evolving with growth in wines and spirits ecommerce sales.
Luxury Daily’s live news: Fendi expands digital boundary with debut of first TikTok official channel; Gucci debuts new playful take on idea of imitation with Accidental Influencer project; Kering’s Qeelin jewelry brand is symbol of China’s growing pride for domestic champions; Saks Fifth Avenue debuts $200-$600 meal kits for New York’s wealthy; How alcohol legislation is evolving with growth in wines and spirits ecommerce sales.
The rapid rebound of the Chinese luxury shopper may well be repeated in the United States, barring further waves of the COVID-19 coronavirus that force re-closures and the implementation of quarantine measures.
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