The young love luxury, but are brands ready?
A few years ago, investors and the media were nervous about the new generation of consumers, arguing that they would have limited interest in luxury products. Quite clearly, it has been the opposite.
A few years ago, investors and the media were nervous about the new generation of consumers, arguing that they would have limited interest in luxury products. Quite clearly, it has been the opposite.
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Young, celebrated designers voiced their enthusiasm for the digitalization disrupting the economics of the fashion industry as a consequence of the COVID-19 pandemic.
Thanks to a strong post-COVID-19 growth, the China market is now projected to account for 50 percent of global luxury spending in 2020 — an increase of more than 37 percent from 2019.
For this year’s edition of the Financial Times Business of Luxury Summit – its first to be held entirely online – the publication will invite executives, creatives and analysts from around the world to share how they are navigating this unprecedented period, planning for future growth and where they see investment and acquisition opportunities.
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Repeat customers increase the profitability of a business by spending more than new customers — 300 percent more.
For this year’s edition of the Financial Times Business of Luxury Summit – its first to be held entirely online – the publication will invite executives, creatives and analysts from around the world to share how they are navigating this unprecedented period, planning for future growth and where they see investment and acquisition opportunities.
For this year’s edition of the Financial Times Business of Luxury Summit – its first to be held entirely online – the publication will invite executives, creatives and analysts from around the world to share how they are navigating this unprecedented period, planning for future growth and where they see investment and acquisition opportunities.
For this year’s edition of the Financial Times Business of Luxury Summit – its first to be held entirely online – the publication will invite executives, creatives and analysts from around the world to share how they are navigating this unprecedented period, planning for future growth and where they see investment and acquisition opportunities.