Chinese millennials’ evolving travel priorities are influencing the way older generations look at leisure trips, as Chinese tourists are spending more money and visiting farther destinations than in the past.

French fashion house Nina Ricci is encouraging women to get in touch with their inner princess in a perfume push that blends fantasy and reality.

Real estate is adapting to an increasingly digital world, exploring innovative formats and concepts for marketing and selling properties.

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.

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.

This special report, in collaboration with Jing Daily, is a gift from Luxury Daily to its loyal paid subscribers for their continuing support. China is the beating heart of the global luxury market. Most luxury marketers have their eyes and ears tuned to the likes and evolving tastes of Chinese customers buying luxury goods and services domestically and overseas. Here is a thorough examination of the state of innovation in China’s luxury market.

Luxury Daily’s live news from July 18 – Bottega Veneta cancels September fashion show after creative director switch; Ferragamo joins with Polimoda for Master’s in Shoe Design program; Fendi turns to famous families for Peekaboo campaign; Lancôme breaks Guinness World Record with makeup stunt; BMW combines ride hailing and car sharing in ReachNow app; Marriott International to eliminate the use of plastic straws.

Today in luxury – Yoox Net-A-Porter, Bloomsbury team on fashion video archive project; EU fines Google $5.1B in Android antitrust case; Tiffany & Co. has built a secret lab to crush its rivals; Ace Hotels is entering the luxury space with new project.

Luxury Daily is inviting opinion pieces on luxury business, advertising, marketing, media and retail issues that affect marketers as they run multichannel programs for branding as well as customer acquisition, retention and reactivation.

On average, 63 percent of luxury products are still bought in physical stores. There is still a desire for luxury consumers to touch, smell, see and experience luxury, making retailers rethink how they attract customers to bricks-and-mortar stores in the current digital age.

Luxury Daily’s live news from July 18 – Bottega Veneta cancels September fashion show after creative director switch; Ferragamo joins with Polimoda for Master’s in Shoe Design program; Fendi turns to famous families for Peekaboo campaign; Lancôme breaks Guinness World Record with makeup stunt; BMW combines ride hailing and car sharing in ReachNow app; Marriott International to eliminate the use of plastic straws.

French beauty brand Lancôme has just broken a Guinness World Record for the “most people matched with foundation in eight hours.”

BMW’s car sharing application ReachNow has just introduced a new feature making it the first app to allow both ride hailing and car sharing in one.

Italian fashion label Ferragamo is partnering with Italian fashion design school Polimoda for a new Master’s in Shoe Design program.

Italian fashion house Bottega Veneta announced a new creative director last week, Daniel Lee, but the shakeup in the brand’s leadership has caused it to cancel its upcoming show in September.

Hotel group Marriott International has become the latest in a long line of businesses to ban disposable plastic straws.

Italian fashion brand Fendi is gathering famous families for a campaign that centers on its Peekaboo handbag.

Italian fashion label Prada is introducing its fall/winter 2018 collection with a short film that plays to women’s evolving identities.