Luxury Daily, July 6, 2021 – ‘Lifecycle luxury’ growth opportunity for retail’s future
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More than $2.5 trillion in savings was accrued over the pandemic. Moreover, the wealthiest 10 percent of Americans added more than $8 trillion to their net worth.
Italy’s Fendi and eyewear company Thélios are exclusively partnering on the design, development, production and distribution of the fashion label’s eyewear category.
One of the most visible stories in luxury this past week has been the reopening of La Samaritaine in Paris after the iconic department store had been shut for 16 years. In normal times, this may have grabbed a headline or two.
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Millennials and Gen Z are focusing on social and environmental accountability after a year of political conflict, climate crises, global health threats and racial injustice.
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Geopolitical challenges and travel restrictions amid the pandemic are reshaping Chinese consumer footprints.
Luxury Daily’s live news: Prada, Zegna Groups jointly acquire cashmere company; Dolce & Gabbana releases sunny Saks capsule collection; Bentley opens new quality assurance facility; Four Seasons encourages travelers to take the scenic route.
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