Luxury news and archive

Saks celebrates SNL legacy through retail storytelling

In a collaboration that bridges entertainment and luxury retail, Saks Fifth Avenue has transformed its flagship store windows into a nostalgic tribute to Saturday Night Live's 50-year cultural legacy, leveraging the iconic comedy show's brand equity to create a unique retail experience. The immersive installation, curated in partnership with...

RetailFeatured

Shoppers are feeling the January blues

In a sobering assessment of Britain's retail landscape, the latest British Retail Consortium (BRC) opinion consumer confidence survey reveals a nuanced picture of economic anxiety. Consumer confidence has taken a significant hit, with expectations for the state of the economy plummeting to a new low of -34 in January, a marked decline from...

BusinessFeaturedMember

Milan Men's Fashion Week navigates global turbulence and industry evolution

Against a backdrop of unprecedented global events — from devastating Los Angeles wildfires that have imperiled the city's robust retail infrastructure to a geopolitical ceasefire in the Middle East and a pivotal US presidential transition — Milan Men's Fashion Week stands at a critical juncture, demonstrating the resilience of luxury fashion...

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China's luxury market: Challenges from last year to continue into 2025, ‘flattish’ performance forecasted

A new report by Bain & Company has suggested that “China’s luxury market failed to maintain its previous growth trajectory” throughout 2024, after it experienced an "unexpected and sharp deceleration that worsened throughout the year”. In the report, entitled ‘2024 China Luxury Goods Market’, it was stated that the mainland luxury market saw a...

Fashion

Jacquemus returns to Paris Fashion Week with Apple partnership

French fashion house Jacquemus, renowned for its cinematic runway presentations in countryside locales, is making a much-anticipated return to Paris Fashion Week, this time with a high-tech twist. For its upcoming collection, Jacquemus will collaborate with Apple to revolutionise the way fashion is captured and shared. In a statement on...

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Slowear streamlines portfolio in strategic brand consolidation

Italian luxury group Slowear is set to consolidate its stable of specialist brands under a single umbrella, marking a significant shift in strategy for the business known for its premium casualwear. The Milan-based company, which built its reputation on high-end trousers through its Incotex line, will merge its portfolio of category brands...

Business|ANALYSE FeaturedMember

Rethinking desirability: Luxury brands face the decline of the it-bag

Within two years, purchases of luxury handbags are projected to decrease by 13.69 percent. This figure, revealed by a recent study from The Independents, highlights a radical shift: while this chic accessory was previously attributed with the power to confer a certain status, this status is no longer solely represented by an object or a price,...

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Pre-owned watch market normalises after the speculative boom

Zurich – The frenzied demand for pre-owned watches has subsided, but the market continues to organise itself and grow faster than that of new watches, according to a study published on Thursday by Deloitte. The pre-owned watch market had accelerated in the wake of the Covid-19 pandemic before experiencing a sharp reversal, but remains poised for...

Business|Report FeaturedMember

Luxury industry faces headwinds: Pessimism grows amid economic pressures

After years of exceptional growth fueled by surging demand, price increases, and the dominance of megabrands, the luxury industry is facing a significant slowdown. Between 2019 and 2023, the sector achieved a 5 percent annual growth rate, driven by record profitability and strong performance in China, but by 2025, macroeconomic headwinds and...

Fashion Featured

Meta abandons fact-checkers in push for 'more speech, fewer mistakes'

Meta's decision to abandon third-party fact-checking for ambiguous content marks a significant departure in social media content moderation, with potentially far-reaching implications for fashion and luxury brands' digital strategies. The move, coinciding with Donald Trump's return to the presidency, represents Meta's most substantial revision...

BusinessMember

10 essential soft skills for a career in the fashion and luxury industry

It's a fact: competition is intense and expectations are high in the luxury and fashion industry. A successful career in these sectors requires both technical skills and interpersonal competencies. “Soft skills” play a key role in the ability to build relationships, innovate, and meet the needs of a demanding clientele. Here are our top 10...

Fashion |Opinion Featured

Kapital sale to LVMH raises stakes for artisanal fashion independence

LVMH-backed L Catterton's acquisition of Kapital, a Japanese clothing brand celebrated for its artisanal denim and Americana-inspired designs that was founded in the 1980s, has sparked concerns among enthusiasts and industry observers. The acquisition, finalised in the second half of 2024 according to High Snobiety, came just months after...