Luxury news and archive

The 2025 luxury market outlook

As we approach 2025, the luxury market faces significant challenges that could reshape its trajectory. A mix of economic, political, and consumer-driven factors are likely to influence demand, innovation, and growth in this highly competitive sector. Market uncertainty The global luxury industry is navigating a period of considerable economic...

Business

LVMH invests in experiential luxury with 50m euro villa in Cannes

The world's largest luxury goods conglomerate has made a strategic move into premium real estate on the French Riviera, underscoring a broader trend of high-end brands investing in experiential marketing assets. LVMH has acquired a historic 12-bedroom villa in Cannes for 46.5 million euros, according to Bloomberg, in what represents one of the...

Business

What's happening in China, the country that has investors so worried?

China, the world's second-largest economy, is at a turning point as leaders announce monetary easing scheduled for 2025. The aim is to revive an economy that has been reeling from a prolonged crisis marked by weak consumption and growing concerns about deflation. The decision is part of a series of measures aimed at boosting consumption,...

BusinessFeatured

The great luxury reset: challenges and opportunities for luxury brands

The Independents Group, a collective of communications agencies, together with brand building agency Karla Otto has published a white paper that looks at the shifting drivers behind the luxury market. While historically, luxury items have served as markers of status and shaping consumers' identity, today consumers are seeking out brands that...

RetailFeatured

Luxury handbag market pivots to accessible pricing

The global luxury handbag market is experiencing a realignment towards more affordable price points, according to comprehensive data from Joor, the digital wholesale platform. The latest analysis of global handbag transactions reveals a nuanced picture of consumer spending and retailer strategies. While the overall bag category has maintained...

Retail

Sunspel expands West Coast presence with Montecito flagship

British luxury brand Sunspel is set to unveil its latest retail outpost in Montecito, California. The boutique, housed within the Montecito Country Mart, is more than just a new point of sale - it's a calculated expansion that speaks to the brand's growth strategy and understanding of American luxury consumption. Strategic market positioning...

Business

Bureau Veritas announces acquistion of LBS Group

Bureau Veritas, a global firm for testing, inspection, and certification services, has acquired LBS Luxury Brands Services S.R.L. Group, a laboratory that specializes in quality control for the luxury fashion industry, including leather goods and footwear. The move is part of Bureau Veritas' LEAP | 28 broader strategy to bolster its position and...

Fashion

Gen Z redefining luxury watch trends

Generation Z consumers, born between 1997 and 2012, are “making waves” in the pre-owned luxury watch sector, according to new research from pre-owned watch specialist Watchfinder & Co. The research, looking into the purchasing habits of Gen Z consumers in the UK, found that this generation is redefining luxury watch trends, as over half (54...

Fashion |Marketing Featured

Influencer overload: Navigating authenticity in digital marketing

The influencer marketing landscape is undergoing a critical transformation, with the industry projected to reach 25 billion pounds by year-end, challenging brands to redefine genuine engagement. Recent data by Somebody Digital reveal a striking consumer paradox: while 70 percent of consumers trust influencer endorsements as much as personal...

Business|Report

Retail Renaissance: Global markets navigate economic turbulence with resilience - report

The global retail sector demonstrates remarkable resilience amid economic headwinds, with super-prime retail destinations maintaining tight vacancy rates and experiencing rental growth, according to the latest Main Street Across the World report by Cushman Wakefield. Despite luxury brands facing revenue slowdowns from 15 percent in 2022 to 0-4...

BusinessFeatured

Burberry posts sharp revenue decline, launches turnaround plan

Burberry’s first half revenue of 1,086 million pounds declined by 20 percent CER, and 22 percent reported. Retail comparable store sales declined by 20 percent in the first half and the second quarter. Wholesale sales for the period were down 29 percent CER and 30 percent reported. Today, Burberry announced 'Burberry Forward', a strategic plan...

Fashion Featured

Boss launches ski range as luxury brands eye growing winter sports market

The luxury ski apparel market is witnessing renewed attention as Boss becomes the latest premium brand to expand its winter sports offering, signalling growing confidence in the category's commercial potential. The German luxury house has unveiled a comprehensive ski capsule collection, marking a strategic push into a segment that industry...