Luxury Daily

News briefs

Day’s wrap: Chanel, Sotheby’s, Bottega Veneta, Pat McGrath Labs, Secoo and DFS

Luxury Daily’s live news from June 17 – Chanel’s 2018 revenues up 13pc; Sotheby’s to be acquired in $3.7B deal; Kering names Bartolomeo Rongone CEO of Bottega Veneta; Pat McGrath follows record-breaking Selfridges takeover with permanent counters; Secoo hires former LVMH marketing exec; DFS courts digital-savvy shoppers with cashless payments.

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Pat McGrath follows record-breaking Selfridges takeover with permanent counters

Beauty brand Pat McGrath Labs is setting up a permanent presence at Selfridges following a successful pop-up shop takeover.

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Travel and hospitality
Tech-augmented hospitality offers more seamless, relevant experiences

To prepare for the travelers of the future, luxury hospitality brands need to streamline their services and offerings from beginning to end.

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Blog
Top 5 brand moments from last week

Companies put their values on display, whether championing female empowerment or the protection of an at-risk animal population.

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Luxury Memo special reports
Leadership in luxury – Luxury Memo special report

Reflective of the rapidly changing nature of business today, the executive leadership at luxury companies is also evolving.

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Strategy
Call for nominations: Luxury Women to Watch 2020

Even as more women ascend the decision-making ranks at luxury marketers, work needs to be done to attract them to C-suite and key marketing, retail, media and digital positions in a business that shows resilience and long-term focus in good times and bad.

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Research
Luxury Daily releases 44-page State of Luxury 2019 report polling industry insiders

This third annual State of Luxury: The Insider View report by Luxury Daily and Unity Marketing surveys 600-plus luxury insiders on their reasons for optimism and caution in 2019. Buy the 44-page exclusive research to arm yourself with invaluable intelligence, or get it free with an annual subscription to Luxury Daily.

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Strategy
Subscribe now: Full access to 80,000+ articles, reports, videos and images

Stay abreast of the latest news, analysis, research and developments in the fast-evolving luxury business worldwide. Access more than 80,000 articles, reports, videos and images from Luxury Daily, the world’s leading luxury business publication. Check out the monthly and annual subscription plans and gain full access to must-have luxury intelligence.

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News briefs
Kenzo, Kering, Four Seasons, Valentino and BMW – Live news

Luxury Daily’s live news from June 14 – Kenzo creative directors to leave label; Kering adds Balenciaga CEO to executive committee; Four Seasons furthers footprint in San Francisco with second hotel; Valentino films sunny flash mob in eyewear push; BMW gives glimpse of upcoming model in abstract art.

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News briefs
Missoni, tennis, ultra rich and Aston Martin – News briefs

Today in luxury – Missoni’s Michele Norsa outlines growth strategies; New luxury condos use tennis to lure clients; How the ultra-rich battle for the season’s best seats, from Wimbledon to The Proms; Motor racing-Aston Martin to race Valkyrie hypercar at Le Mans in 2021.

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Columns
5 tips to help with your presentations

Most clients simply do not see your work from your perspective.

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News briefs
Day’s wrap: Kenzo, Kering, Four Seasons, Valentino and BMW

Luxury Daily’s live news from June 14 – Kenzo creative directors to leave label; Kering adds Balenciaga CEO to executive committee; Four Seasons furthers footprint in San Francisco with second hotel; Valentino films sunny flash mob in eyewear push; BMW gives glimpse of upcoming model in abstract art.

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Apparel and accessories
Kering adds Balenciaga CEO to executive committee

French conglomerate Kering has named Balenciaga CEO Cédric Charbit to its executive committee, following the brand’s significant sales growth over the last two years.

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Travel and hospitality
Four Seasons furthers footprint in San Francisco with second hotel

Hospitality company Four Seasons Hotels and Resorts is expanding its brand in San Francisco with the upcoming opening of an additional development in the Californian city.

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Apparel and accessories
Kenzo creative directors to leave label

LVMH-owned fashion label Kenzo’s creative directors Carol Lim and Humberto Leon are said to be parting ways with the house as they look to focus more on their Opening Ceremony brand.

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Automotive
BMW gives glimpse of upcoming model in abstract art

German automaker BMW is teasing its latest future mobility concept through art, presenting works inspired by the Vision M Next before revealing the car itself.

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Apparel and accessories
Valentino films sunny flash mob in eyewear push

Italian fashion house Valentino is flaunting its eyewear in a short depicting an impromptu dance party at Paris’ Place Vendôme.

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Retail
Luxury goods business to see steady growth for third straight year

The global luxury goods market is expected to reach up to $311 billion in sales this year, buoyed by increased domestic spending by Chinese consumers and growth in European tourism.

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Jewelry
Christie’s set to create auction record with Indian Mughal and maharajas jewelry sale

Christie’s “Maharajas & Mughal Magnificence” imminent auction of Indian jewelry, paintings, arms and objects is perhaps one of the most majestic collections to come on the market in decades. Word of advice to all luxury executives interested in bygone craftsmanship as an inspirational source for future endeavors: go and take a look at the 400 lots at Christie’s New York June 14-18 before they disperse around the world on auction day June 19.

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Luxury Memo special reports
Leadership in luxury – Luxury Memo special report

Reflective of the rapidly changing nature of business today, the executive leadership at luxury companies is also evolving.

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QUOTE OF THE DAY

“Artificial intelligence will empower us to provide guests with better experiences.”

Ahmed Yousseff, executive vice president of marketing and corporate development at Amadeus Hospitality, in  Tech-augmented hospitality offers more seamless, relevant experiences
5 tips to help with your presentations
By

Most clients simply do not see your work from your perspective.

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3 questions about retail cash flow and inventory
By

The retail sector is undergoing tremendous change, with a growing volume of sales shifting to online stores. But for owners of all types of retail businesses, issues related to cash flow and inventory remain a primary concern.

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Single worst brand-building mistake a company can make?
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Our brand is more than the marketing messages we send out—far more. It encompasses everything from our product to our pricing to our SEO tactics to our customer experience.

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Kawhi Leonard/Nike lawsuit: Key to know who owns IP rights upfront
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More luxury brands are entering into arrangements with celebrities, athletes and influencers to help grow their brands and reach new customers, whether the deals are in the form of a collaboration, brand ambassador, influencer, or some other type of arrangement.

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