Luxury Daily

News briefs

Day’s wrap: Kering, Tesla, John Varvatos, Louis XIII, Shangri-La and Stella McCartney

Luxury Daily’s live news from Jan. 23 – BMW, Kering named among top sustainable companies; Tesla ties Elon Musk’s compensation to company performance; John Varvatos taps Nick Jonas as campaign star, collaborator; Louis XIII teams with Baccarat for one-of-a-kind creation; Shangri-La rewards consumers for mobile engagement; Stella McCartney looks to sustainability in effort to transform fashion.

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Louis XIII teams with Baccarat for one-of-a-kind creation

Cognac maker Louis XIII de Rémy Martin is celebrating craftsmanship through the production of a 9-liter crystal decanter.

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Retail
Balenciaga embraces the everyday to launch Net-A-Porter, Mr Porter capsules

Online retailers Net-A-Porter and Mr Porter are heading to the office to debut exclusive Balenciaga collections.

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Nonprofits
Elbi merges fashion, philanthropy to raise proceeds in modern way

Philanthropy application Elbi is transforming the fashion and fundraising communities with a donation method that mirrors social media and piggybacks off the luxury sector.

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Luxury Memo special reports
Disruption in luxury: Key trends – Luxury Memo special report

Luxury brands are facing a number of disruptive forces as new competitors, technology and changing consumers put pressure on them to rethink business as usual.

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Marketing
Luxury Daily releases new 40-page State of Luxury 2018 report polling industry insiders

The rise of the digital economy simultaneously poses the biggest challenge and growth opportunity to the luxury business, according to the newly released “State of Luxury 2018: The Insider View” report from Luxury Daily and Unity Marketing that surveyed 599 decision-making luxury industry insiders. More details in article on how to buy or get the report free with a new annual subscription.

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Strategy
Subscribe now: $12 for 12 weeks

Never miss a luxury moment. Access the latest luxury business news and analysis, marketing and retail campaigns, features, special reports and live coverage during business hours. Check the $12 for 12 weeks offer for 22 percent off the annual subscription price.

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News briefs
Céline, Richemont, Ralph & Russo, Bentley and Hermès – Live news

Luxury Daily’s live news from Jan. 22 – Hedi Slimane returns to LVMH as Céline’s creative director; Richemont seeks remaining 51pc of YNAP shares; Ralph & Russo turns influencer into model at couture show; Bentley, RCA team to contemplate luxury’s meaning in 2050; Hermès puts consumers in a stupor to build mystery.

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News briefs
M&As, Azzedine Alaïa, silk scarves and Onefinestay – News briefs

Today in luxury – Richemont’s bid to buy YNAP spurs M&A speculation; Keeping Alaïa alive: A designer died, but his brand did not; The new power accessory? The silk scarf; Onefinestay’s innovative bet to stay ahead of Airbnb.

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Apparel and accessories
Madaluxe Vault is stab at off-price luxury

Since 2010, MadaLuxe Group has partnered with Europe’s iconic luxury maisons seeking North American distribution for excess inventory and, in doing so, has grown its retail sales to more than $200 million.

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News briefs
Day’s wrap: Céline, Richemont, Ralph & Russo, Bentley and Hermès

Luxury Daily’s live news from Jan. 22 – Hedi Slimane returns to LVMH as Céline’s creative director; Richemont seeks remaining 51pc of YNAP shares; Ralph & Russo turns influencer into model at couture show; Bentley, RCA team to contemplate luxury’s meaning in 2050; Hermès puts consumers in a stupor to build mystery.

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Retail
Richemont seeks remaining 51pc of YNAP shares

Luxury goods conglomerate Richemont is offering Yoox Net-A-Porter Group up to 2.77 billion euros to become its sole owner.

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Automotive
Bentley, RCA team to contemplate luxury’s meaning in 2050

Automaker Bentley Motors is exploring the future of British luxury through a partnership with the United Kingdom’s Royal College of Art (RCA).

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Apparel and accessories
Ralph & Russo turns influencer into model at couture show

Looking to raise the social media attention for its runway show during Paris Haute Couture week, fashion label Ralph & Russo cast an influencer in its model lineup.

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Apparel and accessories
Hedi Slimane returns to LVMH as Céline’s creative director

Moët Hennessy Louis Vuitton has appointed designer Hedi Slimane as the new artistic, creative and image director of fashion house Céline.

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Apparel and accessories
Hermès puts consumers in a stupor to build mystery

French leather goods house Hermès is mesmerizing woman from all walks of life with a new campaign that puts viewers in a trance.

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Q&A
Challenged watch industry propped up by vintage timepiece interest

Amidst the watch sector’s signs of recovery, vintage timepieces have demonstrated strong consumer interest, fetching high prices at auction that place horology on par with fine art sales.

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Real estate
Real estate firms turn into creative hubs to attract today’s affluent

High-end real estate developments are taking a page from the fashion and entertainment industries to better position properties to affluents as the industry faces a surplus of open listings.

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Marketing
YouTube’s new ad restrictions will protect brands from unwanted associations

Google is making sweeping changes to the way advertising works on YouTube after a year of controversies that concluded with a YouTube star filming a suicide victim in Japan.

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Home furnishings
2018 interior design trends to include the return of color, distinctive pieces

The year ahead will be all about artisanal and one-of-a-kind interior design pieces, according to a report from online marketplace 1stdibs.

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QUOTE OF THE DAY
Madaluxe Vault is stab at off-price luxury
By

Since 2010, MadaLuxe Group has partnered with Europe’s iconic luxury maisons seeking North American distribution for excess inventory and, in doing so, has grown its retail sales to more than $200 million.

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Stop doing video for the sake of doing video
By

Publishers’ insistence on pushing short-term, quick cash infusion via video is the catalyst to long-term reader frustration. Here is how the video rush must shift.

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How luxury brands can make effective use of chatbots
By

The vast majority of luxury brands that have experimented with bots have decided not to maintain them as an integrated part of their ongoing customer service.

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Rethink experiential marketing
By

Enough is enough. Is it not time to rethink why we think it is so critical?

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