Luxury Daily’s live news from June 17 – Chanel’s 2018 revenues up 13pc; Sotheby’s to be acquired in $3.7B deal; Kering names Bartolomeo Rongone CEO of Bottega Veneta; Pat McGrath follows record-breaking Selfridges takeover with permanent counters; Secoo hires former LVMH marketing exec; DFS courts digital-savvy shoppers with cashless payments.
Reflective of the rapidly changing nature of business today, the executive leadership at luxury companies is also evolving.
Reflective of the rapidly changing nature of business today, the executive leadership at luxury companies is also evolving.
As protests continue in Hong Kong, the widespread disruption is likely to impact its valuable luxury market.
Reflective of the rapidly changing nature of business today, the executive leadership at luxury companies is also evolving.
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While luxury brands take the lion’s share of all of the market’s revenues, they are less dominant in ecommerce, accounting for only 68.9 percent of online sales.
French fashion label Saint Laurent is rumored to be looking into a new hub in Tuscany, Italy.
Luxury stocks fell in May as geopolitical developments created doubts about the growth outlook for some of the business’ biggest companies.
