BUSINESS - 5 days ago - by BlogLux
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Gucci aims to steal luxury crown from Louis Vuitton

  * Kering’s Gucci aims for 10 bln eur sales in long term * Brand could overtake LVMH’s Louis Vuitton in luxury * Gucci to keep up store makeover, boost margins * Shares falter amid broader luxury doubts FLORENCE, Italy, June 7 - Italian fashion house Gucci said ...

MISCELLANEOUS - 31 May 2018 - by BlogLux
642    1

Trump suggests ban on German luxury cars

  US President Donald Trump wants to escalate his trade war to include a total ban on German luxury cars, says a report in WirtschaftsWoche. According to the German publication, which says its report results from talking to several unnamed US and European diplomats, during French Pres...

MISCELLANEOUS - 18 May 2018 - by BlogLux
835    1

Fulvia Visconti Ferragamo, Luxury House Executive, Dies

Fulvia Visconti Ferragamo in Milan in 2013. Her decades-long career bridged the creative and corporate management sides of Salvatore Ferragamo. By the time Fulvia Visconti Ferragamo was a teenager, there was a well-established precedent in her family: To be a daughter of Salvatore F...

BUSINESS - 09 May 2018 - by BlogLux
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Burberry: Billionaire Frere Sells 6.6% Stake

  Burberry Group Plc fell the most in almost four months after billionaire Albert Frere sold his 6.6 percent stake in the trench-coat maker a little more than a year after disclosing an initial investment Frere’s Groupe Bruxelles Lambert SA said Wednesday ...

FASHION - 23 April 2018 - by BlogLux
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The RealReal And Stella McCartney Calling For Reselling

  The past few weeks have been a particularly solemn reminder of the problems the fashion industry continues to face regarding its impact on the environment. Between the news of H&M sitting on $4.3 billion in unsold clothes and the five-year anniversary of the Rana Plaza factory dis...

LIFESTYLE - 07 April 2018 - by BlogLux
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Mobile Games to Attract Chinese Millennials ?

Louis Vuitton and Angry Birds may seem totally unrelated, but more and more luxury brands are creating digital games to keep customers in their branded worlds just a bit longer. The latest example is Hermès, which recently released a mobile app called H-pitchhh. Inspired by the trad...

BUSINESS - 20 March 2018 - by BlogLux
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Bridal market, an opportunity for the luxury industry

For luxury brands that are involved in the wedding industry, there are boundless opportunities to broaden their product offerings and client bases, but first, they need to attain a clear understanding of the bridal market. The wedding industry is flourishing, propelled by the growing populati...

BUSINESS - 16 March 2018 - by BlogLux
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Luxury online sales to triple by 2025

  While luxury fashion brands were generally slow to embrace e-commerce, shoppers have made it clear that they’re more and more comfortable buying even their high-end stuff online. A number of e-commerce models have emerged to sell those customers their luxury goods, and McKi...

INTERVIEWS - 09 March 2018 - by BlogLux
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Why luxury retail KPIs and incentive schemes need a makeover

  In luxury retail these days (or any retail, for that matter), it all seems to be about the internet and Millennials, doesn’t it? Retailers would tell you that digital technologies have disrupted the business, then go on to add that Millennials are proving a tough demographic to crack...

LIFESTYLE - 04 March 2018 - by BlogLux
1397    1

Luxury labels coming out of Africa

  Luxury labels from the African continent are expanding rapidly and some hope they will become the next generation of global household names. The global luxury goods industry is worth more than $1.5bn (£1bn), according to research by global business consulting firm, Bain &am...

BUSINESS - 23 February 2018 - by BlogLux
1357    1

Fosun takes control of French fashion house Lanvin

Fosun International announced on Thursday that it had acquired a controlling stake in the 129-year-old French fashion house Lanvin, joining other Chinese companies that have recently bought top brands to capitalise on the demand for luxury products from wealthy mainlanders.   ...

JEWELRY & WATCHES - 14 February 2018 - by BlogLux
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Find out the Jacob & Co Millionaire Watch

  Jacob & Co. Unveils $6 Million Yellow Diamonds 'Millionnaire' Watch   This isn't the first time Jacob & Co. has wowed us with expensive and elaborate timepieces. In fact, one might say the eponymous brand makes habit of it. That may be because Jacob Arabo, fo...

BEAUTY - 08 February 2018 - by BlogLux
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Louis Vuitton releases new fragrance

  Louis Vuitton announces its eight scent Le Jour Se Lève Louis Vuitton's selection of seven evocatively named fragrances is set to become an octet, as the Parisian luxury maison has announced the launch of an eighth Eau de Parfum. First debuted in 2016, Louis...

BUSINESS - 31 January 2018 - by BlogLux
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Arnault Now Richer Than Zuckerberg

  Luxury Goods Titan Arnault Now Richer Than Zuckerberg After Record LVMH Results LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, announced record sales on Thursday of 42.6 billion Euros in 2017, up 13% over the previous year, as all divisions ...

BUSINESS - 23 January 2018 - by BlogLux
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Richemont to acquire Yoox Net a Porter

NEW YORK (NYTIMES) - Compagnie Financière Richemont built a conglomerate offering the world's wealthiest consumers the highest-quality product, often in the most luxurious of settings. Clients walking into a Cartier flagship or a Piaget boutique - both Richemont brands - could expect ...

HORECA - 14 January 2018 - by BlogLux
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Is Gucci’s fine dining a new step in luxury fashion?

Gucci Opens Fine Dining Restaurant The Italian fashion house has opened a 50-seat restaurant, Gucci Osteria, in Florence where three-Michelin-star chef Massimo Bottura will serve up high-end dishes. Gucci Osteria | Source: Courtesy FLORENCE, Italy — It'...

FASHION - 28 December 2017 - by BlogLux
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China is struggling to build a global fashion brand

China is still struggling to build a global fashion brand – not that producing a worldwide label matters Designers like Huishan Zhang are popular and international buyers flocked to Shanghai Fashion Week, but with a booming middle class and big spending individuals at home...

MISCELLANEOUS - 18 December 2017 - by BlogLux
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Insider: French luxury speaker maker Devialet

Devialet CEO Quentin Sannié Devialet French audio technology company Devialet sells high-end speakers that retail for over £1,000. CEO Quentin Sannié wants to become the "Apple of sound" by partnering with other companies. Apple CEO Tim Cook is a fan, and...

BUSINESS - 04 December 2017 - by BlogLux
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Luxury market tops $1.4 trillion this year

Luxury is back in fashion as the shine has returned to the market after a year of stagnation. Top-end cars, personal goods and luxury experiences are driving this growth across regions.   The overall luxury market – encompassing both goods and luxury experiences – grew by ...

LIFESTYLE - 14 November 2017 - by BlogLux
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Emirates: Luxury is in the air

  Dubai-based airline Emirates has just debuted the latest in air travel luxury. New first class private suites can now be found in some of the airline's Boeing 777s (the airline has 147 777sin service). The new suites take inspiration from the interiors of Mercedes-Benz cars. ...

HORECA - 09 November 2017 - by BlogLux
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LVMH expands its gourmet grocer in Paris

PARIS, Nov 8  - Luxury goods firm LVMH is opening a second high-end food hall in Paris, betting on growing appetite from locals for gourmet groceries as the group spruces up its stores across the French capital. The launch of the three-story food hall, in the well-heeled 16th dist...

INTERVIEWS - 02 November 2017 - by BlogLux
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Christopher Bailey to cut all ties with Burberry

Designer Christopher Bailey, who was replaced as Burberry chief executive earlier this year, will leave the British brand in 2018, ending a 17-year stint in which he helped transform a company once known mainly for trench coats into a global luxury icon. Bailey added the title of CEO to his...

FASHION - 23 October 2017 - by BlogLux
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Louis Vuitton, Most Heavily Counterfeited Brand

  image: Louis Vuitton The most heavily counterfeited brand in South Korea? Louis Vuitton, of course. According to the Korea Customs Service, which recently released data detailing the state of intellectual property infringemen...

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
1096    1

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
946    1

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
1139    2

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
1841    2

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
2336    3

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 ...