Lanvin-owner acquires Sergio Rossi
Italian footwear label Sergio Rossi is set to be acquired by Chinese luxury conglomerate Fosun Fashion Group, owner of French fashion label Lanvin.
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Retailers leverage Google tech, data to adapt shopping journeys
Technology giant Google is developing new products and services to help retail partners address how the COVID-19 crisis has fundamentally altered the role of the store.
Iconoclast designer Pierre Cardin dies at 98
Fashion designer Pierre Cardin has died at the age of 98, according to a statement put out by France’s Academy of Fine Arts on Twitter.
Luxury Daily, February 27, 2020 – 241,000 tons of CO2 annually: Fashion must rethink wholesale buying process
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Peninsula Beverly Hills, Waldorf Astoria Beverly Hills, Creed, BlackRock, Burberry and Hermès
Luxury Daily’s live news: Peninsula Beverly Hills sues Hilton for alleged corporate espionage, unfair practices to “jump start” Waldorf Astoria Beverly Hills; French fragrance brand Creed sells majority stake to BlackRock private equity group; Burberry lays charm on Parisian shoppers with Printemps takeover; Hermès 2019 revenue up 15.4pc to $7.47B, net profit at $1.66B.
Day’s wrap: Peninsula Beverly Hills, Waldorf Astoria Beverly Hills, Creed, BlackRock, Burberry and Hermès
Luxury Daily’s live news: Peninsula Beverly Hills sues Hilton for alleged corporate espionage, unfair practices to “jump start” Waldorf Astoria Beverly Hills; French fragrance brand Creed sells majority stake to BlackRock private equity group; Burberry lays charm on Parisian shoppers with Printemps takeover; Hermès 2019 revenue up 15.4pc to $7.47B, net profit at $1.66B.
Luxury Daily, Jan. 23, 2020 – Ferrari is world’s strongest brand, Bernard Arnault second-best brand guardian
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Sales associate service still key differentiator for retailers
Almost three-quarters of consumers say that personalized service from frontline staff plays an integral role in shaping their decisions of which retailer to do business with, pointing to the continued importance of human help amid an increasingly independent retail environment.
The most prolific duty-free shoppers have a penchant for luxury goods
Four in 10 of the most valuable shopping tourists hail from China, pointing to the continued spending power and impact of Chinese consumers on the duty-free market even as many opt to shop closer to home.
Luxury retailers align with pop culture, history in holiday pushes
As the holiday shopping season kicks into high gear, department stores around the globe are seeking to attract shoppers with creative campaigns centered on themes ranging from video games to blockbuster films.