Luxury Daily

News briefs

Day’s wrap: Estée Lauder, BMW, Mr Porter, Balenciaga, The Modist and Le Clos

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.

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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.

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Retail
Amazon service poised to popularize in-car delivery

Ecommerce platform Amazon is upping the ante on shipping services with the debut of in-car delivery.

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Strategy
42 speakers from the world’s leading luxury brands – Women in Luxury New York 2018

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.

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Retail
Selfridges brings Radical Luxury to the big screen

British department store chain Selfridges is further establishing its commitment to the study of luxury’s transformation by commissioning a short documentary film.

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Automotive
Mercedes unveils “ultimate luxury” concept in show car

German automaker Mercedes-Benz is sharing its vision of luxury through an electric concept car designed to serve as a mobile butler.

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Research
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
Balenciaga, LVMH, Kering, Aston Martin and Valentino – Live news

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.

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News briefs
Swiss watches, Alibaba, undersea accommodations and Audi – News briefs

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.

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Marketing
Challenging stereotypes of Gen Z: What luxury brands should know

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.

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Media/publishing
Vice spins out Amuse as title for affluent, young explorers

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.

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News briefs
Day’s wrap: Balenciaga, LVMH, Kering, Aston Martin and Valentino

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.

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Automotive
Aston Martin strengthens presence in Beijing with second location

As part of an ongoing effort to expand into China, British automaker Aston Martin has unveiled a second dealership in Beijing.

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Apparel and accessories
Gucci, Saint Laurent, Balenciaga support Kering’s 27.1 pc Q1 growth

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.

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Apparel and accessories
LVMH, Marcolin bolster Thélios outlook with new location

As eyewear becomes a more important aspect of the fashion world, luxury conglomerate LVMH is looking to strengthen the significance of its own eyewear.

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Apparel and accessories
Balenciaga pivots to Kering Eyewear as eye segment grows

Kering Eyewear will be taking over French fashion house Balenciaga’s eyewear designs, from its previous product license with Marcolin.

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Apparel and accessories
Valentino, Alibaba expand audience for pop-up via VR

Italian fashion house Valentino has teamed up with Chinese ecommerce giant Alibaba for a new virtual reality retail experience.

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Real estate
Millennials set to disrupt luxury real estate market

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.

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Marketing
Gucci, Louis Vuitton, Mercedes among most loved brands in UK

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.

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QUOTE OF THE DAY
Challenging stereotypes of Gen Z: What luxury brands should know
By

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.

Share on FacebookShare on LinkedInShare on Twitter
Millennials set to disrupt luxury real estate market
By

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.

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Do not slow digital’s growth
By

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.

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Chasing status: Keeping up with the changing definition of premium
By

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.

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