China continues to fuel spring luxury rebound
McKinsey & Company projects that the combined spending of 7.6 million Chinese households on luxury goods will hit RMB 1 trillion ($145 billion) by 2025, twice the amount spent in 2016.
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Brands roll out big events to make up for lost time in China
As global leadership teams flocked to China throughout March and April, a series of events held by the likes of Chanel, L’Oréal, Tiffany & Co., Cartier and Bulgari culminated in successive large-scale activations by Miu Miu and Gucci.
Luxury retailers courting smaller, underserved affluent markets: report
Though the future looks bright for existing global hot spots, especially across Europe, designer labels are now looking to make connections with shoppers in a new set of cities.
Luxury Daily, May 1, 2023 – Men outspending women on splurges by nearly 40pc: Deloitte
Luxury Daily, April 26, 2023 – Porsche enhances trekking wheelchair in support of accessibility
Luxury powerhouses are not just betting on Chinese shoppers, they are investing in Chinese talent
The recent engagement with emerging Chinese talent shows that luxury brands are not just looking to capitalize on established names — they are localizing their own relevance by investing in young talent from the country.
EU regulators inspect Gucci headquarters in antitrust exercise
Officials from the European Union’s antitrust organization have confirmed that a visit was made to Italian fashion label Gucci’s headquarters in Milan on Tuesday, April 18.
Bottega Veneta hones in on handcrafted treasures in new short film
The “intrecciato” technique at the base of the brand’s popular leather bags is documented in detail as part of the “Craft in Motion” project.
Luxury Daily, April 12, 2023 – 49pc of luxury shoppers believe brands should offer more than purchase opportunities in-store: report
Gucci is now at a critical juncture. Here is what luxury brands can learn
Since the departure of Alessandro Michele as creative chief, Kering-owned Gucci seems lost.