Luxury is currently facing an onslaught of challenges, but one factor that may prove most damaging to the business’ future is dwindling interest in artisanal skills as professional career paths.
Despite positive results for many luxury labels in the first half of 2017, the Savigny Luxury Index fell 1.4 percent through July.
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Kering-owned fashion label Stella McCartney is revealing sights previously unseen by eclipsing others in its latest off-kilter creative.
From forming joint task forces to brewing craft beers, luxury must orchestrate efforts that protect its business interests while still delighting its core consumer base.
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With beauty and eyewear leading the way, licensing has become a lucrative business practice for luxury brands looking to extend product offerings without the associated costs of development.
Despite perceived cultural differences, affluent consumers in the United Kingdom and China have habits and attitudes toward luxury that are increasingly similar.
Luxury Daily’s live news from Aug. 1 – Saint Laurent links with Farfetch for omnichannel retail in China; Buccellati invests in international expansion under new owner; Sephora taps into German market potential with planned openings; Net-A-Porter decamps for Paris for fall fashion rundown; Douglas Elliman grows California footprint with acquisition; V&A Museum hosts tribute to history of luxury ocean liners.
Kering-owned label Saint Laurent is enhancing its Chinese ecommerce capabilities with help from online retailer Farfetch.
