Big-spending luxury brands like Gucci, Louis Vuitton and Christian Dior are splashing out on everything from fashion shows to teams of advisers as they target social media platforms in the hunt for young shoppers.
Digital transformation, changing consumer behaviour and fierce competition for the best retail locations are driving up costs in the luxury industry according to a study published by the American analytics firm.
Fashion is rocking Milan for the Furniture Fair, with Dior’s gala at Antonia, Armani's for the Tadao Ando exhibition, and countless parties, cocktail evenings and installations, like those by Tod’s and Vogue Italia.
The Italian footwear label has tapped the former creative director of Lanvin to collaborate on its Tod's Factory project. The famous designer has created an accessory collection that will be revealed before the summer.
Italian luxury goods company Tod’s reported on Monday a bigger-than-expected 26 percent drop in 2018 core profit, hit by a sharp acceleration in marketing expenses and higher costs to strengthen its design teams.
Carlo Alberto Beretta (formerly at Zegna and Bottega Veneta) has been appointed brand general manager for Tod's, reporting to the group's CEO and general manager, Umberto Macchi di Cellere, effective Feb. 25.
Acqua di Parma, which feted a new Christmas capsule this weekend, is expecting double digit growth this year. And next year too, as Italy’s most famous niche perfume brand continues its healthy global expansion.