Luxury brands news and archive

How luxury changed from being exclusive to democratic

Once upon a time the meaning of luxury was part aspiration, part exclusivity and part too expensive for most to afford. It was the Hermès bag, the Cartier watch and cashmere designer coat that equalled status, good taste and most of all exuded wealth. Brands communicated their campaigns through magazines, who had the power to enthral readers and...

BusinessFeatured

France and Italy dominate Deloitte’s list of top 100 largest luxury companies

Businesses from France and Italy dominate Deloitte’s annual list of Top 100 luxury goods companies once again. The latest report covers the luxury goods sector in fiscal year 2016 (ending on June 30, 2017). Italy leads in number of companies making the list (24), but the nine French corporations that have made the top 100 represent almost 25...

RetailFeatured

Could luxury brands ban platforms from selling their products online?

London - The question if luxury brands should be sold in online marketplaces like Amazon, eBay or Alibaba has now become a legal issue, and has reached the highest court in Europe. The case could change the industry at large as brands are looking to protect their own equity interests. The Court of Justice of the European Union (ECJ) in...

Management|STUDY Featured

Luxury brands must become digital or risk ‘dying out’

London - Luxury brands which fail to evolve their digital front risk getting left behind as digital is the "inevitable, inescapable business shift of the future." Although some companies, such as LVMH, are beginning to invest in the digital domain, being digital means so much more than just ecommerce, and luxury labels who refuse to do so will...

Fashion

Luxury retailers suffer in China with currency devaluation

After Prada's annoucement it would trim its profit outlook after slumping sales in China, other retailers are feeling the Chinese pinch now that the government devalued its currency for a second time. Many luxury brands will see their shares suffer, expecially those who have a large presence in the market. China is currently the world’s fifth...

Fashion Featured

Luxury retailers suffer in China with currency devaluation

London - After Prada's annoucement it would trim its profit outlook after slumping sales in China, other retailers are feeling the Chinese pinch now that the government devalued its currency for a second time. Many luxury brands will see their shares suffer, expecially those who have a large presence in the market. China is currently the world’s...

Fashion Featured

'Luxury brands lose half of their top customers every year'

Whilst most luxury brands are associated with high quality merchandise, a unique retail experience and excellent customer service, a new joint study from the Luxury Institute and marketing firm Epsilon, has found that many labels may be missing out on sales by not understanding who their top customers are. By failing to connect with key...

Fashion

Luxury brands to profit more from own retail

A new report shows luxury brands are profiting more from their own retail and distribution network, than from wholesaling. Brands surveyed by Drapers reported 55 per cent of sales are derived from their wholesale channel, but these figures are expected to fall to a modest 39.5 per cent in just five years time. Respondents explained the reason...

Fashion

Luxe brands' next stop:Asia

Luxury brands are taking a ride at the Asian Dragons to overfly recession. In recent years, European designers have expanded their market by opening stores in Asia and have really seen a substantial growth in profit. London-based Euromonitor estimated early this year that spending on luxury goods in Asia will grow 3.5 percent to 54 billion...