Today in luxury marketing – Ralph Lauren posts better than expected Q2 results; Lauder of the rings; Luxottica in deal to buy France’s Alain Mikli; The next big thing in luxury: Branded real estate.
Despite housing some of the world’s fastest-growing markets including Mauritius and Morocco, several hurdles are impeding the region’s wealth and luxury sector.
Although cashflow is becoming more restricted in the industry, the global consulting firm remains upbeat despite near equal odds of collapse or recovery.
The United States still dominates the sector in market share, but China is a rising force, overtaking the United Kingdom to gain the second-place position.
The country holds $67 trillion in liquid investable wealth, a figure higher than any other nation on the planet according to the London-based investment migration consultancy.
The Colorado-based business is making a purchase worth more than $100 million.
The market research firm is identifying new ways to influence purchasing behavior as managing client demands from a range of demographics grows more complex by the decade.
Luxury Daily’s live news: Seabourn equips expedition ships with SpaceX technology; Equinox commits to hiring 5,000 personal trainers; Wheels Up expands popular destination offerings; Natural Diamond Council, Diamond Standard launch affiliate program; Americans unlikely to drink celebrity-, influencer-endorsed spirits: report.
Luxury Daily’s live news: Seabourn equips expedition ships with SpaceX technology; Equinox commits to hiring 5,000 personal trainers; Wheels Up expands popular destination offerings; Natural Diamond Council, Diamond Standard launch affiliate program; Americans unlikely to drink celebrity-, influencer-endorsed spirits: report.
A “top-down” trend is influencing luxury commerce decisions for the most well-resourced, per data and insights company Agility Research & Strategy.
