Half of affluent consumers think a recession in the United States has already begun, yet 88 percent feel confident they can endure the downturn.
Register now for Luxury Daily’s fourth annual Women in Luxury conference Wednesday, July 8 in New York. Meet with speakers from BMW, Chanel, Piaget, Apple, Moët Hennessy, Ritz-Carlton, Mandarin Oriental, Maison Atia, Diamond Producers Association, Forrester Research, Ana Andjelic, Shanker Inc., Accenture, Modern Luxury, Worth, Meredith’s Travel + Leisure, China Luxury Advisors, Sedhom Law Group, Reputation Dynamics, Luxury Portfolio International and LVMH’s Starboard Cruise Services.
The Salvatore Ferragamo Group announced that preliminary consolidated revenues were down by 30.6 percent to 220 million euros ($239 million).
Knight Frank’s analysis of sales data shows how abrupt the impact of COVID-19 was on the British property market.
Estée Lauder Companies is looking to borrow $700 million from the market as the beautycare giant, like its counterparts across industry sectors, looks to shore up its balance sheet with the COVID-19 global lockdowns continuing to take their toll on revenue.
Ms. Menchari’s passing on April 4 came soon after news that Italian footwear maker Sergio Rossi had succumbed to the COVID-19 coronavirus originating from China.
The funds will help the CDC Foundation to offer personal protective equipment and other important supplies to health authorities fighting to curb the spread of the COVID-19 coronavirus.
As the coronavirus has shut down auction houses, galleries, exhibitions and art fairs around the world, the event-driven global art industry is turning to digital channels to adapt to the new normal.
Register now for Luxury Daily’s fourth annual Women in Luxury conference Wednesday, July 8 in New York. Meet with speakers from BMW, Chanel, Piaget, Apple, Moët Hennessy, Ritz-Carlton, Mandarin Oriental, Maison Atia, Diamond Producers Association, Forrester Research, Ana Andjelic, Shanker Inc., Accenture, Modern Luxury, Worth, Meredith’s Travel + Leisure, China Luxury Advisors, Sedhom Law Group, Reputation Dynamics, Luxury Portfolio International and LVMH’s Starboard Cruise Services.
Marc Jacobs is tapping its housebound employees in its latest social media campaign that brings fun and ease to consumers around the globe working from home under COVID-19 lockdowns.
When Liu Wei, a woolen textile sales manager, started receiving a wave of overseas calls and emails asking him to halt orders, he was prepared.
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The outspoken executive anticipates the U.S. GDP will be down by 35 percent through 2020 and unemployment peak at 14 percent by fourth quarter.
Luxury Daily’s live news: Britain’s Walpole gets Italian counterpart Altagamma to share what it is like in besieged Italy; Net-A-Porter restores UK online ordering with delayed fulfillment; Langham Hotels breaks pink-hued sharing campaign of positivity; Ralph Lauren Corp., hit hard by COVID-19 retail lockdowns, to furlough employees, corporate staff starting April 12; Gucci, targeting the housebound, takes viewers inside the kitchens of Gucci Osteria da Massimo Bottura.
The problem with display ads has never been the ads themselves, but poor measurement. Truth is, display ads are far more effective and valuable than given credit.
Luxury Daily’s live news: Britain’s Walpole gets Italian counterpart Altagamma to share what it is like in besieged Italy; Net-A-Porter restores UK online ordering with delayed fulfillment; Langham Hotels breaks pink-hued sharing campaign of positivity; Ralph Lauren Corp., hit hard by COVID-19 retail lockdowns, to furlough employees, corporate staff starting April 12; Gucci, targeting the housebound, takes viewers inside the kitchens of Gucci Osteria da Massimo Bottura.
British luxury trade lobby Walpole got Fondazione Altagamma, its sister organization in Italy, to share the fallout of the COVID-19 coronavirus pandemic on the country and the luxury sector.
Online retailer Net-A-Porter is open again for business in the United Kingdom and Europe after finding a workaround to take orders from customers even as its distribution centers remain closed.
The Langham Hotels & Resorts is running a social media campaign called #inthepink as a means to share favorite moments as consumers are under siege from the COVID-19 coronavirus outbreak.
Suffering the consequences of the COVID-19 lockdown measures worldwide, U.S. fashion giant Ralph Lauren Corp. has given warning that starting April 12 it will put the vast majority of its store employees and a portion of its corporate staff on unpaid temporary furlough.
Fueled by access to the Internet and international trends, aspiring Indians want enhanced experiences that make their lives better. Cash-rich, time-poor middle class and upper middle class Indians are driving the rise in spending across categories.
The problem with display ads has never been the ads themselves, but poor measurement. Truth is, display ads are far more effective and valuable than given credit.
Unlike Instagram and Facebook, which serve as sources of news and social activism, TikTok remains a place for humor and entertainment, even in the face of the global healthcare crisis.
COVID-19-infected British Prime Minister Boris Johnson’s admittance yesterday to the St. Thomas Hospital in London after a deterioration in his condition brings to the fore a key issue: How to lead in a time of crisis, especially during a healthcare pandemic, when the leader himself is stricken?
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Sophie Theallet suit: Legal enforcement in the age of social media marketing New US SHOP SAFE bill holds online platforms liable for counterfeits. Next steps luxury brands must take US legal factors to consider for remote-working arrangements What protections do US employees and employers have if jobs are slashed? New VAT rules to hit yacht charter business in the MediterraneanMore Women in Luxury 2020 New York conference moved to Wednesday, July 8 Splurge, not save: The changing dynamics of the Indian luxury consumer Women in Luxury 2020 New York conference moved to Wednesday, July 8 An ode to the display banner ad more than 25 years later Women in Luxury 2020 New York conference moved to Wednesday, June 24More Splurge, not save: The changing dynamics of the Indian luxury consumer New “At Home With Mr. Porter” is social push by menswear retailer to engage the housebound How Raoul Shah, a peripatetic agency exec, collected 500-plus “Do Not Disturb” door signs and begat a tome 5 content marketing tactics publishers need for 2020 Addenda to Luxury Daily, Altiant luxury consumer research report with COVID-19 effectMore Kering and brands donate $1M to CDC Foundation to help healthcare workers in the Americas Britain’s Walpole gets Italian counterpart Altagamma to share what it is like in besieged Italy Tiffany & Co. commits $1M to WHO, New York Community Trust for COVID-19 relief Kering’s Pomellato, DoDo jewelry brands, with $109K donation, take stand against domestic abuse in housebound Italy Capri Holdings’ Michael Kors, Versace and Jimmy Choo open pockets for $3M COVID-19 reliefMore Cut stamp duty, extend SDLT holiday to get UK housing market moving post-lockdown: Knight Frank Affluent flee to second homes in COVID-19 pandemic: Will house prices and rents go up? Real estate brokers turn to virtual tours as lockdowns continue CARES Act: What it means for US consumers in simple terms Snapshot of a resort: Aspen Snowmass real estate marketMore Women in Luxury 2020 New York conference moved to Wednesday, July 8 Chinese HNWIs keep on spending – but on what? Splurge, not save: The changing dynamics of the Indian luxury consumer Hermès mourns loss of top window dresser Leïla Menchari to COVID-19 Women in Luxury 2020 New York conference moved to Wednesday, July 8More Can Gucci do the renegade? Luxury brands in the era of TikTok COVID-19 will force brands to let consumers experience products and services outside the store UK’s De Beers Jewelers turns to Oracle for mobile PoS tech Tag Heuer’s third edition smartwatch geared to sporty lifestyle Breitling’s Antonio Carriero: “The brand is still in transformation”More 
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