Luxury stocks end September on a high note, but is trouble ahead?
Although uncertainty persists among luxury investors about economic and political issues, the market ended September on a positive note.
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Will luxury players embrace China’s D2C revolution?
Years ago, I took my first paycheck and ran to the Louis Vuitton flagship store on Via Dei Condotti to buy my first “Neverfull” bag. Afterward, I went to the Rolex boutique and spent what was left of my paycheck on the Rolex Oyster Perpetual.
Hermès handbags continue to dominate secondhand market: Rebag
Resale platform Rebag has found that handbags from French luxury labels Hermès, Chanel and Louis Vuitton retain the most brand value on the resale market, while two other brands are seeing value retention rise in part to new collections.
How will a stronger Chinese yuan affect luxury?
In the 1960s, France’s then minister of finance, Valéry Giscard d’Estaing, said that the U.S. dollar gave America an “exorbitant privilege.” Unfortunately, the Golden Age of U.S. currency is nearing an end. These days, analysts discuss “the new era of weakness” for American currency.
How can luxury brands successfully price in the post-COVID world?
An increasing number of luxury brands are adjusting pricing policies to recount for some of the losses incurred from the global COVID-19 pandemic, but will this strategy serve their interests in the long-term?
Tiffany, in mounting war of public statements, responds to “baseless and misleading counterclaims filed by LVMH”
The legal tussle between French conglomerate LVMH and U.S. jeweler gets more vicious by the minute as it is fought out as much in the court of public opinion as it is in law courts.
LVMH countersues Tiffany, escalating battle over US jeweler’s soured acquisition deal
Only weeks after walking back its commitment to buy Tiffany & Co., French luxury conglomerate LVMH Moët Hennessy Louis Vuitton late Sept. 28 evening countersued on grounds that the U.S. jeweler’s business was deeply damaged by the COVID-19 pandemic and mismanagement.
3 critical steps luxury brands must take to rebound from COVID-19
Many luxury brands are struggling to keep their stores afloat. Even before the pandemic, after speaking with luxury fashion brands all over the world, I realized they were all facing a similar challenge: decreased store foot traffic.
Luxury Daily, Sept. 22, 2020 – Net-A-Porter spotlights sustainable brands with latest Vanguard selections
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Luxury Daily, Sept. 18, 2020 – Luxury labels think long-term with bricks-and-mortar investments
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