At an event in Paris today, luxury fashion powerhouse Louis Vuitton took a big step…
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Brisbane’s Queen’s Wharf Luxury Precinct faces setback
The long-awaited luxury shopping complex is going to be included in the Queen’s Wharf development in Brisbane, however, the building construction has been stopped because of the legal issue. The Destination Brisbane Consortium which is the project developer has been in a legal battle with their tenant DFS Australia in relation to the state of […]
London’s Luxury Fashion Scene: A Tapestry of Tradition and Innovation
As London Fashion Week celebrates its 40th anniversary in September 2024, the city’s luxury fashion scene continues to evolve, blending its rich heritage with cutting-edge innovation. This milestone event showcases London’s enduring status as a global fashion capital, while also highlighting the industry’s response to changing consumer preferences and societal shifts. The five-day extravaganza, running […]
Australian Luxury Retail Market Soars as Young Consumers Drive Growth
The market shows a phenomenal growth in Australia’s luxury retail sector, and the growth outlook for the sector is expected to hit $6. And, as the sales of the electric bicycles continuously increase, Dyson expects it to generate up to £ 2 billion of revenue by the end of December, 2024. This has been attributed […]
Luxury Watch Brands Navigate Market Challenges with Innovation and Heritage
As the luxury market continues to stagnate, conventional watch makers are in a dilemma, how do they retain their classical roots while trying to appeal to the new generation of consumers? The two brands, Ulysse Nardin and Girard-Perregaux are epitomizing this challenge by instituting changes in their strategic direction to cope with these changes in […]
Luxury Market Slowdown Doesn’t Stop Miu Miu’s Growth
Miu Miu has been one of the successful brands of the luxury fashion industry in the year of challenge with a growth rate of 58 percent. This has been done at a time when many luxury brands are struggling with declining sales and many other economic challenges. In an interview, Miu Miu’s CEO Benedetta Petruzzo […]
Luxury Brand LVMH Closes Big Formula One Sponsorship Deal
French luxury goods giant LVMH is said to be close to inking a massive sponsorship arrangement with Formula One, which will be a high-risk, aggressive move for the group’s brand portfolio of luxury goods and other items. This possible partnership illuminates the recent phenomenon of luxury brands’ desire to associate themselves with the glamour and […]
Chanel Appoints New Fragrance and Beauty President
Chanel the French luxury fashion house has recently announced the appointment of Simona Cattaneo as its new president for fragrance and beauty. It is at this time that the luxury industry is experiencing new consumer trends and various market challenges. Cattaneo has developed her career in Coty and other beauty and fashion giants such as […]
Indian Luxury Tech Innovation Drives Growth
It may be seen how India’s luxury goods market is currently undergoing an incredible shift due to Technology advancement, a shift to eco-friendliness, and customer preferences. As the global luxury sector feels the heat in the traditional markets, India seems to be the bright spot; the country has a rapidly expanding middle-class population and a […]
Economic Uncertainty Affects Luxury Market Growth
Current and potential consumers of luxury goods across the world are under pressure causing a shift in the forecasted market size in the year 2024. Latest information from the financial institutions and industry analysts explain that the sector is experiencing challenges in the core markets of operation including China and the United States. HSBC Global […]
AI and AR are Reshaping the Customer Experience in Luxury Retail
The luxury retail sector is the store that is under going the digital revolution where artificial intelligence (AI) and augmented reality (AR) are the primary drivers of change in the social customer experience. With the physical and digital retail boundaries becoming increasingly indistinct, luxury brands are employing these technologies in order to deliver engaging, individualised […]