US politics, market softening lead to luxury uncertainty
The Savigny Luxury Index fell 0.7 percent, showing that the industry is far from fully recovered.
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UK election results in hung Parliament
The general election held in the United Kingdom on June 8 led to a more divided Parliament as the Conservative Party lost its majority.
Luxury floats sustainability initiatives, advice for World Oceans Day
In honor of World Oceans Day, a number of luxury brands and retailers are reaffirming their commitment to aquatic conservation.
British PM candidates represent two potential paths for Brexit, UK market
Many were surprised when British Prime Minister Theresa May issued a statement supporting a snap election in April, but Parliament quickly voted in overwhelming numbers to enact the early election in the United Kingdom.
Armani, Balenciaga, Moschino, Bang & Olufsen, DPA and Chanel – Live news
Luxury Daily’s live news from June 7 – Armani launches student design contest alongside BFC; Balenciaga extends New York reach to uptown crowd; Moschino takes cartoon inspiration for charitable capsule; Bang & Olufsen teams with Apple for home audio solution; Diamond Producers Association quadruples marketing budget for 2017; Chanel boasted most free publicity among luxury labels in March.
Balenciaga extends New York reach to uptown crowd
Kering-owned label Balenciaga is bringing its new store concept to New York’s Upper East Side with the opening of a new Madison Avenue boutique.
YNAP adopts fur-free policy as sustainability focus grows
Online retail company Yoox Net-A-Porter Group is ceasing the sale of all merchandise containing animal fur on its multi-brand sites.
European luxury embraces sustainability while US preps for Paris Agreement exit
President Donald Trump has expressed the likelihood of the United States backing out of the Paris Agreement in a series of tweets, dealing a major blow to global efforts to combat climate change.
The end of lying: The new transparency in luxury and politics
The wave of populist sentiment across the globe has shown us just how disillusioned and disenfranchised modern consumers are with traditional relationships with authority. What does this trend of transparency mean for luxury brands?
What lessons can family businesses learn from the luxury industry? Part 2
Despite upheaval in the luxury industry over the last 20 years, family business will survive and prosper – but only if they successfully manage to implement several key strategies. The second part of the full article lays the blueprint for success for family-run businesses in the luxury sector.