BUSINESS - 11 October 2017 - by BlogLux
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Amazon's problem attracting luxury goods

Empty shelves in the new Amazon facility, in Longueau, France. Photo: Thibault Camus / AP High-end brands are giving Amazon some pushback on its policies about counterfeits and unauthorized sellers, leaving Amazon sales devoid of some luxury products, the WSJ report...

MISCELLANEOUS - 26 September 2017 - by BlogLux
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Irma adds to US luxury retail woes

Hurricane Irma made landfall minutes before Victoria Beckham’s SS18 show in New York. As editors, critics and buyers sat for the collection, the question atop many minds was what, exactly, the damage would be. For an industry already struggling to vamp up growth, the hurricane proved a new f...

BUSINESS - 31 August 2017 - by BlogLux
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How Bitcoin is making waves in the luxury market

When Bitcoin and a subsequent raft of cryptocurrencies first landed in the early part of the decade, many people -- including noted economists and finance experts -- dismissed them as a fad. These new forms of digital money were viewed as little more than capitalist Tamagotchis, currencie...

MISCELLANEOUS - 18 August 2017 - by BlogLux
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Costo fined $19 Million For Trading On Tiffany's Name

Costco’s fleeting engagement with the Tiffany trademark has proven to be a costly one. A federal judge in Manhattan ruled yesterday that the Issaquah, Wash.-based warehouse club must pay the Fifth Avenue-based lapidary $19 million and change for infringing on its trademark by using &ldqu...

FASHION - 11 August 2017 - by BlogLux
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French luxury brand Cifonelli plans India launch

Cifonelli, in partnership with Mumbai-based Vault Luxury, is planning to open a ‘lounge’ in Mumbai in 2018, in addition to a few trunk shows in Delhi and Mumbai New Delhi: A 137-year-old French luxury menswear brand, known to have dressed yesteryear’s iconic actors like Cary...

BUSINESS - 07 July 2017 - by BlogLux
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Mulberry forming Japan joint venture

British luxury brand Mulberry Group signed an agreement with Japanese entity Onward GlobalFashion Co., it announced on Friday, to form a new 50:50 joint venture to operate in the country. The AIM-traded firm said the new company - Mulberry Japan - would be head...

FASHION - 06 June 2017 - by BlogLux
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Selling clothes: a marketing expense

A runway show full of dramatic gowns or sharp suits from Gucci, Prada, Louis Vuitton, and their ilk is always a major production—sometimes of epic proportions. But it’s an open secret in fashion that the big luxury houses are no longer truly in the clothes business. Their moneym...

BUSINESS - 08 May 2017 - by BlogLux
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Coach to acquire Kate Spade for 2.4 Billion

  A Coach store in New York. “The acquisition of Kate Spade is an important step in Coach’s evolution as a customer-focused, multibrand organization,” said the Coach chief executive, Victor Luis.CreditJennifer S. Altman for The New York Times Coach, the American make...

BUSINESS - 05 April 2017 - by BlogLux
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LVMH goes digital

LVMH hired Ian Rogers from Apple in 2015 to lead the expansion of online retail LVMH goes digital with all its brands under one luxury goods site LVMH, the world’s largest luxury goods company by revenue, plans to launch a website in May that will be branded as its department store Le ...

BUSINESS - 23 March 2017 - by BlogLux
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Hermes Defies Luxury Market

Hermes International (HESAY)  said Wednesday that its last fiscal year was "exceptional" even as the luxury goods sector struggled from a slowdown in European sales linked to terrorist attacks and increasingly competitive markets in China. The French luxury goods...

INTERVIEWS - 06 March 2017 - by BlogLux
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The state of the luxury market: 2017

  Despite suggestions to the contrary, the demand for luxury products and services was continuously rising in the UAE in 2016, albeit at a slower pace. This proves that there is a growth of wealthy and ultra-rich consumers; key potential customers of the luxury segment, which is a contri...

HORECA - 24 February 2017 - by BlogLux
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Airbnb enter the luxury rental market

  Airbnb Makes Further Inroads into Luxury Sector   It has recently been announced that Airbnb has won the acquisition for Montreal-based company Luxury Retreats for an undisclosed figure, beating competitors such as Expedia and Accor. The acquisition will help diversify Airbnb&...

JEWELRY & WATCHES - 12 February 2017 - by BlogLux
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Tiffany abruptly drops CEO

Tiffany & Co. abruptly replaced Chief Executive Officer Frederic Cumenal after disappointing financial results, just hours before the jewelry chain introduced a new campaign with the first Super Bowl ad in its history. Cumenal, 57, who had run the company since April 2015, is be...

BUSINESS - 13 January 2017 - by BlogLux
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How LVMH Makes Luxury More Sustainable

  The companies that are most vocal about environmental and social issues tend to be big, mass-market brands — well-known retailers, consumer products giants, and tech firms that are telling a new story to consumers who increasingly care about sustainability. It migh...

LIFESTYLE - 19 December 2016 - by BlogLux
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Kering introduces a minimum length of time for maternity...

  With effect from 1 January 2017, Kering’s parental policy will allow all the Group’s employees, whatever their personal circumstances or location, a minimum of 14 weeks on full pay for maternity and adoption leave and a minimum of five days on full pay for paternity or pa...

INTERVIEWS - 16 December 2016 - by BlogLux
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China leading the way in e-commerce for the luxury industry

CHINA. E-commerce is changing rapidly in China as the boundaries between online and offline are being blurred and new technologies come to the fore. Over 150 luxury industry executives from brands such as Dior, Swarovski, Bulgari, and LVMH took part in the second edition of the Luxury ...

INTERVIEWS - 07 December 2016 - by BlogLux
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Indians To Embrace Preowned Luxury Goods

When the luxury pre-owned and thrift segment caught Anvita Mehra’s eye in the UK, it was something she wanted for India; her challenge lay in how to make a viable business of a concept that had so much stigma attached to it in her home country. As a first year student at the University ...

MISCELLANEOUS - 02 December 2016 - by BlogLux
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Luxury Brands Add Personal Services

Burberry Group PLC’s store employees have taken on some new duties: organizing birthday parties, private dinners and art-gallery visits for high-spending shoppers. The British luxury label is expanding its army of so-called private client associates who develop personal relationshi...

BUSINESS - 22 November 2016 - by BlogLux
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Are luxury brands clicking on the right buttons?

  If you think luxury products are ahead on salesmanship, then consider this: Prada didn’t even have a website till 2007. Today, the brand not only has a website that matches the latest design standards, but also sells online in the US and has a wide social media presence. Many o...

MISCELLANEOUS - 08 November 2016 - by BlogLux
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Bicester Village's luxury expansion into Shanghai

After 40 minutes of swerving through Shanghai’s dense traffic and even thicker fog, the instantly recognisable turrets of Disney’s Enchanted Castle puncture the grey skies, a symbol of China’s rapid, commerce-driven society. On the other side of the four-month-old Disneyland Par...

LIFESTYLE - 01 November 2016 - by Cassie Owen
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Relocating to the Middle East - Dubai

Dubai is internationally known as one of the most sophisticated futuristic and cosmopolitan cities in the world. Having retained its position as one of the most important international retail destinations globally. Dubai is one of the fastest growing locations for luxury lifestyle retail. &...

HORECA - 20 October 2016 - by BlogLux
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In conversation with Ana M. Brant

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MISCELLANEOUS - 19 October 2016 - by BlogLux
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Is it even possible to sell “luxury” on Amazon?

While much of Amazon’s sales volume is in diapers, blenders, and other unglamorous products, the e-commerce behemoth is also a fashion giant. Next year it’s expected to become the biggest apparel seller in the US, and it boasts an enviable customer base for higher-end brands...

BUSINESS - 12 October 2016 - by BlogLux
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UK 'most affordable' luxury market in world

The UK has become the most affordable market for luxury goods in the world but shoppers from overseas may only have a limited time to cash in, it is claimed. Analysis by Deloitte said the UK topped the affordability stakes in the immediate aftermath of the country's vote to leave the EU...

FASHION - 02 October 2016 - by BlogLux
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Leather goods market bound for $258.4B by 2020

Leather goods remain a lucrative product category with an upward trajectory that is expected to continue at compound annual growth rate of more than 4 percent through 2020, according to a report by Technavio. As the primary pillar of many luxury houses, the leather goods market is expected ...

BUSINESS - 20 September 2016 - by BlogLux
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Middle-East: An opportunity for the luxury market

Major chunk of revenue is coming from tourists than residents The Middle East, led by strong growth in the UAE and Saudi Arabia, represents a big opportunity for premium brands as the global luxury goods sector is expected to grow more slowly in 2016, at a rate many retailers may find disappo...

BUSINESS - 15 September 2016 - by Abhay Gupta
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How luxury brands should target India’s super-rich

Despite the economic slowdown across the world, the size of the global luxury market is estimated to be around $2 trillion. The BRICS markets, more specifically China and India rather than Brazil and Russia, have been in the spotlight for the past few years. However, luxury marketers in China l...

FASHION - 07 September 2016 - by BlogLux
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Luxury 3.0 is bringing exclusivity back in style

Bespoke clothing is a big part of the 3.0 Luxury trend, with menswear taking the lead. The luxury industry is in a state of flux. The very meaning of the word is being called into question: for some, it translates as plush leather armchairs, secluded cabins, unattainable experiences and rare ...

ARTS - 28 August 2016 - by BlogLux
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Saks, Louboutin & Halle Berry against cancer

Christian Louboutin, Saks Fifth Avenue and Halle Berry team up for Key to the Cure campaign. Saks Fifth Avenue’s Key to the Cure campaign is always a team effort of A-list talent from fashion and Hollywood. Now in its 18th year, the 2016 cancer research campaign will feature Halle Berry...

MISCELLANEOUS - 23 August 2016 - by BlogLux
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Luxury Brands Retail Strategies to Improve CRM

  Top sales associates across industries have told us that the sales model is broken in most retail companies. Instead of building profitable long-term customer relationships, most sales associates focus just on transactions. Customer retention rates are between 10-30 percent in the t...

JEWELRY & WATCHES - 18 August 2016 - by BlogLux
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The rebirth of British watchmaking

Bremont is the best-known current UK watchmaker   You will have little trouble finding a luxury Swiss watch in London's West End, where shops selling brands such as Rolex, Omega and Patek Philippe are commonplace. But British-made timepieces are much harder to come by. One of th...

BUSINESS - 31 July 2016 - by BlogLux
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Can Amazon Conquer the Luxury Market ?

Luxury brands and retailers that think they’re safe from the disruptive force of Amazon are sorely mistaken. So said Shullman Research Center’s recently published report, “Is Amazon Coming Into its Prime?” which advised upscale marketers and sellers alike to think...

INTERVIEWS - 21 July 2016 - by BlogLux
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Luxury Industry Careers Interview Advice

Interview guide An interview is a two way process – the potential employer will be learning about you and vice versa. Information will be gained not only from the answers given to their questions, but also from the kind of questions you ask and the opinions you hold. There is no mag...

BUSINESS - 20 July 2016 - by Zara Hoffman
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Hong Kong’s Luxury Retailers to Beat the Sales Slump

  With continued sliding luxury sales due in large part to an ongoing mainland tourist slump, Hong Kong’s high-end retailers have some major rethinking to do for their strategy going forward. On June 22nd, The French Chamber of Commerce in Hong Kong and KPMG brought together luxury...

MISCELLANEOUS - 16 July 2016 - by BlogLux
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Elements of a Successful Social Media Profile

    When it comes to online personal or business branding, the creation of social media profiles is absolutely essential. Whether you are just trying to get more exposure online, connect with your fans or customers, or working to purify yo...

FASHION - 11 July 2016 - by BlogLux
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Burberry hires new CEO from French luxury brand

  Burberry has announced new leadership roles for its senior team, which includes the appointment of a new chief executive. The company, which employs 800 workers in Castleford and Keighley and is moving to a new state-of-the-art manufacturing and weaving facility in Leeds, said the moves...

BUSINESS - 29 June 2016 - by Zara Hoffman
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Brexit means more Chinese tourists to the UK

More Chinese tourists have been booking trips to London as a result of the plunging pound thanks to the Brexit vote. (Shutterstock)   A volatile stock market, downgraded credit rating, and plunging pound may be some of the economic woes plaguing the UK after the Brexit vote, but the...

HORECA - 22 June 2016 - by BlogLux
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How Disruptive Innovation Can Benefit the Luxury Market

If you look up the word 'disruptive' in the Oxford Dictionary, you may be in for a surprise: rubbing shoulders with such classic definitions as unruly, disorderly and unmanageable, you'll also find inventive, ingenious and groundbreaking. And that just about puts it in a nutshell....

ARTS - 14 June 2016 - by Zara Hoffman
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Art and Luxury in China

The Miss Dior exhibition at UCCA in Beijing, which ran in April and May 2015. (Courtesy Photo)   The line between luxury and art is blurring across the world, but it’s doing so especially quickly in China. With extremely high net worth and a taste for the finer things in life...

BUSINESS - 03 June 2016 - by BlogLux
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Are luxury brands struggling to attract the internet generation?

The huge pool of millennial consumers grew up with the internet, smartphones and a sharing economy in which owning things like cars is seen as almost unhip   Seducing hyper-connected millennials poses an increasing challenge for luxury brands, which find their markets slowing as young, ...
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