
Luxury retailers and brands are shifting their focus post-pandemic and are targeting high-spending shoppers in their domestic markets more than they used to.
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Luxury retailers and brands are shifting their focus post-pandemic and are targeting high-spending shoppers in their domestic markets more than they used to.
India's Reliance Industries is exploring a bid for drug retailer Walgreens Boots Alliance's UK-based Boots business, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Swiss watchmakers are gathering in Geneva this week for their first big industry event in three years, tackling the impact of sanctions on rich Russians arising from the war in Ukraine.
The luxury sector was in excellent health in 2021, and leading groups are keen to maintain their margins in 2022, despite rising costs and inflationary pressures, which are expected to lead to price increases.
Richemont has restructured its fashion division: AZ Factory’s ex-boss is now in charge of Dunhill, and Mauro Grimaldi, now strategic advisor of the Swiss giant's fashion & accessories division, will head AZ Factory.
By 2025, 70% of luxury consumers will be aged below 40, forcing labels to revise their approach and values, broadening them to include more culture-based elements, according to the latest study by Bain & Co.
D’Arpizio, an analyst and luxury specialist at Bain & Co., explains to FashionNetwork.com how new generations of consumers are changing the rules of the luxury market’s game, forcing the industry to adapt.
Despite the ‘common prosperity’ policy advocated by the Chinese government, the country’s Singles’ Day holiday set new records with soaring luxury goods purchases.
The luxury goods sector is set to move past the coronavirus crisis this year, fuelled by domestic spending in the United States and China, consultancy Bain said on Thursday.
The stock market is bullish, the economy is recovering, consumer confidence is growing: all indicators are positive, fuelling luxury purchases on a North American market that is highly dynamic and promising for labels.