Vestiaire Collective worth $1.7B after new investments
Luxury resale platform Vestiaire Collective has completed a $210 million financing round backed by technology investment firm SoftBank and Generation Investment Management.
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With Kris Wu and other idols tainted, what is luxury’s next China strategy?
Instead of building brand equity and increasing brand awareness through KOL marketing, brands have started losing value and market share in China.
Day’s wrap: Valentino, Matchesfashion, Porsche, Zegna and Coldwell Banker
Luxury Daily’s live news: Valentino supports vaccination efforts with exclusive hoodie; Matchesfashion appoints Printemps alum as new CEO; Porsche makes software push with new open source program; Zegna recruits Steve Aoki for special sneaker design; Coldwell Banker teams with luxury real estate specialist.
Louis Vuitton celebrates creativity in colorful campaign
French fashion label Louis Vuitton is spotlighting how its classic handbags can serve as artistic inspiration with its newest Artycapucines campaign.
5 key consumer trends for the post-COVID-19 era
The impact of the pandemic has not only accelerated but also unlocked pre-existing consumer trends. And many of these behavioral changes in China are likely to remain in the post-pandemic era.
Sotheby’s auctioning Karl Lagerfeld estate
Auction house Sotheby’s has announced plans to host an upcoming auction selling more than 1,000 lots from the late designer’s residences in France and Monaco.
Luxury loses $7.6B in brand value, Porsche remains on top: report
As the world continues recovering from the COVID-19 pandemic, the total value of the world’s top 50 luxury and premium brands declined by more than 3 percent year-over-year, according to Brand Finance.
Why Paris will dominate luxury in the Chinese Decade
Any brand that is not growing by double-digit during the first two quarters of 2021 should be alarmed and must act as soon as possible.
Broadway’s return marks turning point in New York’s retail revival
As the bright lights return to Broadway, a more open New York is poised to showcase its luxury offerings.
The secret to surviving a PR nightmare in China
China, which is the world’s largest luxury market, is certainly not the place where you want to screw up. In fact, it is hard enough to navigate this notoriously tricky business environment when things are going your way.