Luxury’s black cloud may finally be lifting, says Savigny Partners
Recent positive financial results from the world’s leading luxury houses has reinstated sector optimism for the first time in years, according to London’s Savigny Partners.
Recent positive financial results from the world’s leading luxury houses has reinstated sector optimism for the first time in years, according to London’s Savigny Partners.
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British department store Harrods is tickled pink as it celebrates the 10th anniversary of its branded magazine.
With sales in the luxury watch category continuing to decline, digital marketing has become a catalyst for brand exposure, especially at traditionally closed-door events such as Salon International de la Haute Horlogerie.
Luxury conglomerate Richemont saw sales for the third quarter ended Dec. 31, 2016 increase by 5 percent at constant exchange rates.
Social media has become extremely pervasive in consumer behavior and the marketing industry.
Italian fashion house Trussardi is giving consumers a front row seat to a band’s creative process through a 360-degree experience.
Van Cleef & Arpels, Louis Vuitton and Céline gathered in the advertising pages of WSJ. Magazine’s October edition to tout their generational appeal to the lifestyle publication’s audience.
Despite representing 0.000029 percent of the world population, by conservative estimates, ultra-high-net-worth consumers account for nearly 20 percent of all fine jewelry, designer fashion, watches, fine dining, luxury travel and automobile sales. And depending on the research sourced, as much as 90 percent of the super rich are self-made.
The Federation of the Swiss Watch Industry saw no improvement in fine watch sales for the month of July.