Luxury Daily, Oct. 15, 2021 – Competing forces influencing retail’s future: Euromonitor
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French luxury labels Hermès, Chanel and Louis Vuitton retain the most brand value on the resale market, with their historic legacies and brand control playing a role in their success, according to resale platform Rebag.
Luxury Daily’s live news: Sotheby’s launches first NFT platform; St. Regis unveils Dior-inspired J’Adore New York experience; BMW powers more sustainable Coldplay world tour; Saks Off 5th increases minimum wage to $15; Tapestry’s Coach puts end to destroying unwanted items.
Luxury Daily’s live news: Sotheby’s launches first NFT platform; St. Regis unveils Dior-inspired J’Adore New York experience; BMW powers more sustainable Coldplay world tour; Saks Off 5th increases minimum wage to $15; Tapestry’s Coach puts end to destroying unwanted items.
As brands aim to connect with an increasingly diverse population in the United States, hyper-targeted marketing has become more crucial than ever.
In an evolving technological age, the fashion industry has quickly pivoted to meet digital expectations and engage consumers where they are: social channels.
It is China, the world’s leading growth market for luxury, that has spooked investors, with September bringing a slew of threats after August’s Common Prosperity push and a broader crackdown on Chinese tech companies.
Luxury Daily’s live news: LVMH’s fashion and leather goods category achieves record revenue; Ferragamo names Barney’s alum Daniella Vitale as CEO North America; Porsche Design announces new luxury hotel brand; The Macallan brings together chocolate and whisky in new release.
Italy’s Salvatore Ferragamo Group has named two luxury industry veterans to its management structure, focusing attention in two key markets.
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton saw its third quarter 2021 revenues grow 20 percent year-over-year on an organic basis, continuing its growth trajectory.