Luxury spending: It is the psychology, not what you have in your bank account
Wealth creation has not been the main driver for luxury consumption over the past 20 years.
Wealth creation has not been the main driver for luxury consumption over the past 20 years.
In China, beauty-obsessed Gen Zers are bringing the sampling business to the next level of retailtainment.
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Luxury Daily’s live news: LVMH returns to growth after strong start to 2021; Bentley introduces driver-centric GT convertible; Net-A-Porter, LG emphasize clothing care in sustainable capsule collection; Private aviation addresses travelers’ concerns with expanded cancellation policies.
French luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton saw its revenues during the first quarter of 2021 jump 30 percent on an organic basis year-over-year, returning to growth after a turbulent 2020.
Italian fashion label Giorgio Armani is exploring universal themes such as freedom, fate and courage in a new interview series featuring women from around the world.
French fashion house Louis Vuitton has presented a new selection of timepieces in its pursuit for excellence within the world of high watchmaking.
Before COVID-19, in-store domestic purchases only accounted for 32 percent of total Chinese luxury expenditure.
Luxury, which is a culture’s most premium form of expression, has always been associated with opulence and classical styles in the West. But that is beginning to change.
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