Luxury Daily’s live news from April 25 – Estée Lauder extends parental leave benefits for employees to 20 weeks; BMW previews new model in mobile racing game; Mr Porter hires Chris Wallace as new US editor; Balenciaga, Gucci, Vetements top Lyst rankings of “hottest brands”; The Modist launches its own label, Layeur; Le Clos sells most expensive whisky ever recorded for $1.2M.
Dubai-based retailer Le Clos just set a world record for whisky sales by selling two bottles of The Macallan for $1.2 million.
Ecommerce platform Amazon is upping the ante on shipping services with the debut of in-car delivery.
Register now for the 2nd annual Women in Luxury conference New York Wednesday, May 9. Speakers include senior execs from Chanel, Apple, UBS, Bally, BMW, Richemont’s Piaget, Kering’s Ponant, Dodo, Pomellato and Boucheron brands, Estée Lauder, Lalique, John Hardy, Links of London and Folli Follie, Boston Consulting Group, Assouline, Wavemaker, Shanker Inc., BPCM, Michael Aram, Quintessentially, Luxury Institute, Luxury Marketing Council and Centaur Media. Limited seating.
British department store chain Selfridges is further establishing its commitment to the study of luxury’s transformation by commissioning a short documentary film.
German automaker Mercedes-Benz is sharing its vision of luxury through an electric concept car designed to serve as a mobile butler.
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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Luxury Daily’s live news from April 24 – Balenciaga pivots to Kering Eyewear as eye segment grows; LVMH, Marcolin bolster Thélios outlook with new location; Gucci, Saint Laurent, Balenciaga support Kering’s 27.1 pc Q1 growth; Aston Martin strengthens presence in Beijing with second location; Valentino, Alibaba expand audience for pop-up via VR.
Today in luxury – Swiss watch sales rise 4.8pc in March; At war with Alibaba: Top brands fight China’s ecommerce giant; “The world’s first undersea residence”: The Muraka launches in the Maldives; Audi recalling 1.16M vehicles worldwide over coolant pump issue.
It is now crucial for luxury brands to observe the consumer behavior of those born between the mid-1990s and the mid-2000s. Studies suggest that Generation Z is increasingly rejecting social media and growing immune to marketing.
Amuse, a digital lifestyle title born three years ago out of i-D, has cut the umbilical cord to create a new independent luxury identity that sufficiently piqued the interest of leather goods and fashion giant Hermès as its charter advertiser.
Luxury Daily’s live news from April 24 – Balenciaga pivots to Kering Eyewear as eye segment grows; LVMH, Marcolin bolster Thélios outlook with new location; Gucci, Saint Laurent, Balenciaga support Kering’s 27.1 pc Q1 growth; Aston Martin strengthens presence in Beijing with second location; Valentino, Alibaba expand audience for pop-up via VR.
As part of an ongoing effort to expand into China, British automaker Aston Martin has unveiled a second dealership in Beijing.
Luxury group Kering saw a significant rise in profit during the first quarter of 2018, as it continues to focus on is luxury brands and sell off its mass market assets.
As eyewear becomes a more important aspect of the fashion world, luxury conglomerate LVMH is looking to strengthen the significance of its own eyewear.
Kering Eyewear will be taking over French fashion house Balenciaga’s eyewear designs, from its previous product license with Marcolin.
Italian fashion house Valentino has teamed up with Chinese ecommerce giant Alibaba for a new virtual reality retail experience.
Affluent millennials do not buy the idea that bigger is better when considering a home. They do not want the McMansions that boomers and Gen-Xers favored.
Italian fashion label Gucci and French fashion house Louis Vuitton top the list as the most loved luxury brands in the United Kingdom, according to NetBase.
“Change starts at the top but needs to be embraced by everyone.”
Lauren Fay, executive director of Fashion Revolution USA, in Luxury brands called out for lack of transparencyIt is now crucial for luxury brands to observe the consumer behavior of those born between the mid-1990s and the mid-2000s. Studies suggest that Generation Z is increasingly rejecting social media and growing immune to marketing.
Affluent millennials do not buy the idea that bigger is better when considering a home. They do not want the McMansions that boomers and Gen-Xers favored.
U.S. companies continue to be the clear leaders in the worldwide digital economy. Consequently, we should be extremely careful to avoid any proposed steps that could hobble or undermine this sector.
You may not associate the rise of Uber, Airbnb and Amazon with premium living – at first. But actually, getting exactly what you want and when you want it at the tap of an application challenges an idea at the heart of traditional premium and luxury brands.
The Modist launches its own label, Layeur Luxury brands called out for lack of transparency Gucci, Saint Laurent, Balenciaga support Kering’s 27.1 pc Q1 growth LVMH, Marcolin bolster Thélios outlook with new location Balenciaga pivots to Kering Eyewear as eye segment growsMore 
Gucci previews Shanghai show in visual journey Jaguar Land Rover helps bring Bond experience to life Coachella draws luxury placements, product promotions Brands reach potential new customers at a higher level at Art Basel Hong Kong Sotheby’s rewards employees with share ownershipMore 
Valmont North America CEO shares Swiss beauty brand’s plans Healthfulness, indulgence win today’s consumer Design’s role in luxury: Luxury Memo special report Moschino plays to millennial sentiment with My Little Pony capsule Software and technology – Luxury Memo special reportMore 
LVMH bridges academia, professional world via digital program Rolls-Royce grows apprenticeship program for 2018 Kering, London College of Fashion launch open-access sustainability course The RealReal facilitates innovation, research via gemology program Bentley, RCA team to contemplate luxury’s meaning in 2050More 
Wealthy investors adjust financial plans for longer life expectancy L’Operaio furthers Bitcoin’s stake in luxury UAE boasts biggest billionaire population among Gulf states As US millionaires grow more diverse, brands must leverage digital tools to keep up UHNW population to grow 40pc through 2022More Le Clos sells most expensive whisky ever recorded for $1.2M Moët Hennessy dedicates hundreds of volunteer hours to feeding New Yorkers How South Africa’s Coco Safar appeals to the environmentally conscious luxury consumer As legalization effort grows, luxury cannabis may be on horizon Premium brandy predicted to see rise in consumption over 5 yearsMore Estée Lauder extends parental leave benefits for employees to 20 weeks Augmented reality can be bridge between digital, physical retail La Prairie preps for foundation launch with makeup artist ambassadors It is luxury’s responsibility to speak for diversity in beauty: Coty exec LVMH faces $10M suit over alleged broken employment promiseMore 
Planning for impact of tax reform on luxury How would proposed US tariffs affect the luxury business? Selfridges eyes lasting legacy via art installation Paris targets young travelers with Snapchat fashion week push India’s new budget proposal impedes sale of imported luxury goodsMore 
Bulgari Hotels unveils plans for Tokyo property Van Cleef & Arpels exhibits design evolution in Beijing Jewelry brands must do more to attract young craftspeople, artisans Rolex wins, Tiffany loses? Contrasts in luxury Big-brand control, synthetic diamonds bedevil jewelry businessMore Do not slow digital’s growth LVMH faces $10M suit over alleged broken employment promise Chanel lawsuit: When can another marketer use Chanel’s brand? Steve Madden copyright tiff with Cult Gaia over handbag design has luxury ramifications GDPR’s impact on US retailers and consumersMore 
Balenciaga, Gucci, Vetements top Lyst rankings of “hottest brands” Challenging stereotypes of Gen Z: What luxury brands should know Gucci, Louis Vuitton, Mercedes among most loved brands in UK La Prairie preps for foundation launch with makeup artist ambassadors Afrocentrism opens up diverse, colorful, inclusive language of luxuryMore 
Mr Porter hires Chris Wallace as new US editor Vice spins out Amuse as title for affluent, young explorers Operating in China without full investment is impossible task, says Vogue China exec Vogue Portugal’s revamp goes for minimalist aesthetic Vogue’s April issue celebrates fashion’s past while looking towards the futureMore 
Harrods hosts pop-up for a cause Lexus takes a swing at hunger Gucci shares words of empowerment in artful approach Breitling teams with Ocean Conservancy to tackle trash Lancôme mobilizes ambassadors, friends to rewrite women’s futuresMore Millennials set to disrupt luxury real estate market Cities of luxury: New York – Luxury Memo special report France’s luxury real estate market to flourish in 2018: Knight Frank Vancouver’s luxury properties hurt by taxes, but Berlin’s prices soar Stephanie Anton’s new mission: enhanced marketing, tech in luxury real estateMore Amazon service poised to popularize in-car delivery Selfridges brings Radical Luxury to the big screen Challenging stereotypes of Gen Z: What luxury brands should know Consumers demand supply chain transparency and delivery updates Prada, Hermès among luxury labels ramping up ecommerce selectionsMore 
Sentient Jet gallops into Kentucky Derby as aviation partner Four Seasons explores wintertime magic in French Alps’ Megève Armani dresses Italy’s Olympic, Paralympic teams for Pyeongchang Porsche proves racing spirit remains in retirement Hublot teams with Eli Manning to debut Giants-inspired watchMore 
Shiseido leverages technology to secure beauty sector’s future Getting luxury travel retail right Consumer-centric advertising models seen as solution to commercial aversion FCC votes in favor of unprecedented broadband privacy rules Gilt exec says mobile marketing must consider audience and experienceMore 
