Gucci is the most transparent luxury brand ranked by a respected index. But luxury labels lag behind high street chains when it comes to pulling back the curtain on their supply chain and fair trade procedures.
Italian jewelry designer Pomellato is marking the 50th anniversary of Earth Day by debuting a new line of jewelry that uses 100 percent sustainably sourced materials, a move to reach consumers who are increasingly looking to make more environmentally friendly purchases.
When Alibaba’s 800 million active shoppers landed on Tmall’s homepage last month, it found a newcomer listed on the leading ecommerce site: Prada.
Luxury Daily’s live news: Italy’s Ferrari to make valves for respirators, fittings for protective masks to aid COVID-19 health workers; British luxury lobby Walpole inks deals with Cegid, moneycorp for member benefit; Alexander McQueen and the art of upcycling fashion; LVMH first-quarter revenue drops 15pc to $11.5B over COVID-19 lockdowns; Who are the third-party platforms driving luxury ecommerce?.
Luxury Daily’s live news: Italy’s Ferrari to make valves for respirators, fittings for protective masks to aid COVID-19 health workers; British luxury lobby Walpole inks deals with Cegid, moneycorp for member benefit; Alexander McQueen and the art of upcycling fashion; LVMH first-quarter revenue drops 15pc to $11.5B over COVID-19 lockdowns; Who are the third-party platforms driving luxury ecommerce?.
How does Kering fashion house Alexander McQueen handle upcycling in an industry that has come under fire for waste and extravagance?
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton, slammed by COVID-19 lockdowns in its key markets worldwide, saw first-quarter revenue drop 15 percent to $11.5 billion compared to the year-ago period, or a 17 percent fall on an organic basis.
Estée Lauder Companies, owner of such cosmetics brands as Estée Lauder, La Mer, Aveda, Clinique and Jo Malone, is taking additional steps to protect itself financially, chief among them cuts in compensation to top executives and trimming expenses in marketing spending.
Louis Vuitton, Gucci, Bottega Veneta and Alexander McQueen are among the luxury brands turning to music and entertainment to keep their audience happy and engaged.
Former journalist and content specialist Bénédicte Epinay has been named president/CEO of Comité Colbert, a 66-year-old association that represents the interests of French luxury brands.
