Luxury Daily’s live news from Aug. 14 – Givenchy aims for product longevity with anniversary lipstick case; Mulberry transitions Georgia May Jagger from model to creative; Ritz-Carlton, Naples shares a slice of pie on social media; Thomas Pink docks with Princess Yachts for celebratory collection.
Kering-owned British fashion label Stella McCartney is the most recent brand to come under fire for the unethical treatment of animals.
China’s devaluation of its renminbi is intended to boost the country’s slouching trade, but the impact of the altered exchange rate will likely extend to the luxury industry.
“I don’t believe in this idea of luxury anymore,” famously said J.W. Anderson, the latest It Boy of luxury fashion. “That weird notion of luxury for me is like shopping in an airport.” Mr. Anderson just vocalized what many in the industry are thinking, wondering about their role and place in the world of affluents in 2015 and beyond.
This year a number of luxury brands and retailers have begun to take action against the increasingly important problem of counterfeit goods in China.
Luxury Daily’s live news from July 31 – Kering confirms Balenciaga and Alexander Wang split; Etro goes on-board with Crystal Cruises with branded spa product placement; Lexus facilitates social viewing experience for TV series via app; Officine Panerai prioritizes US for first online boutique.
Today in luxury marketing – Aston Martin looks at more than 10 sites for new factory; Anya Hindmarch’s luxury sticker success; Michael Kors targets landlords with counterfeiting suit; Gucci owner calls for Hong Kong rent cuts as market wilts.
Rumors about American designer Alexander Wang’s departure from French fashion house Balenciaga have proved to be true, according to sources in the industry.
