Armed with growing wealth, technological prowess and a penchant for responsible consumption, millennials have transformed the luxury market in recent years, changing how brands approach everything from marketing to in-store experiences.
LVMH-owned cognac brand Hennessy is in Mexican boxer Saul “Canelo” Alvarez’s corner ahead of the athlete’s next fight.
Consumers care more about diversity missteps than companies think they do, with a new study finding that one in five consumers would be unwilling to forgive and forget after a controversy.
The move to invest more in beauty comes soon after Harrods announced the launch of its H Café restaurant brand as part of a larger push to re-imagine a department store experience and go beyond a century-plus-old retail format.
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The title “a man’s best friend” has long been awarded to dogs, so it is only natural that individuals desire to splurge on their furry friends.
The past two decades has seen 182-year-old Tiffany seesaw through several rounds of brand repositioning and leadership changes.
After raising a fresh round of funding in June, pre-owned luxury platform Vestiaire Collective is looking to expand into new markets in Asia where it aims to raise brand awareness and promote resale as a form of sustainability.
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The value of whisky has risen 23 percent in the past year, making it the strongest performing luxury asset class ahead of categories such as cars, jewelry and art.
