Luxury Daily, May 25, 2022 – Bulgari taps Anne Hathaway, Zendaya for elegant, contemplative vignette
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Should luxury brands actually reduce their dependence on China?
According to Bain & Company, domestic sales of personal luxury goods in China jumped 48 percent in 2020 and 36 percent in 2021, totaling nearly 471 billion yuan ($70.7 billion), nearly doubling in just two years.
Fendi, Bulgari fastest-growing Italian luxury houses: BrandZ
Italy’s luxury sector has seen double-digit growth in brand value year-over-year, while fashion label Gucci remains the country’s most valuable brand, according to BrandZ.
What do differing NFT strategies mean for luxury?
As the topic of nonfungible tokens (NFTs) has permeated conversations from the dinner table to the boardroom, players in the luxury space have developed varied attitudes toward this fluctuating market.
What comes next for China’s COVID comeback?
With this spring’s Shanghai lockdowns well into their second month, and other major hubs dealing with COVID-19 restrictions, the economic impact of China’s pandemic response is becoming clearer.
Brands flock to Cannes, aiming to make festival most luxury-laden yet
The Cannes Film Festival has a longstanding relationship with luxury, and the connection appears to grow stronger each year.
Luxury Daily, May 13, 2022 – Most retailers slacking on personalization strategies: Adobe
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How luxury can navigate China’s latest wave of lockdowns
Compared to the first wave of pandemic lockdowns in 2020, China’s latest wave has impacted luxury’s more bankable higher-tier cities, such as Shanghai and Beijing, and is much more stringent.
Luxury Daily, May 10, 2022 – Innovative digital technology critical to luxury retail: report
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Gucci introduces employee travel reimbursement for healthcare access
Italian fashion label Gucci is reaffirming its support for reproductive rights and highlighting similar efforts through its Chime for Change global initiative.