Luxury Daily
Fragrance and personal care
Who will fill China’s gaping luxury fragrance void?

By 2025, China’s perfume sales should reach $4.7 billion. Those numbers alone may sound less impressive, but comparing them to the global growth rate — about 7 percent— Chinese market potential has grown to three times the global rate.

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News briefs
Day’s wrap: Gucci, Valentino, Bulgari, DFS Group and Cunard

Luxury Daily’s live news: Gucci partners with Billie Eilish for limited-edition gift box; Valentino announces new eyewear agreement beginning July 2022; Bulgari opens newest hotel in Paris; DFS Group opens transformative Dom Pérignon x Lady Gaga pop-up; Cunard announces partnership with Pacific Symphony.

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Apparel and accessories
Gucci partners with Billie Eilish for limited-edition gift box

Italian fashion label Gucci is getting into nail art with the help of Grammy Award-winning singer Billie Eilish.

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Travel and hospitality
Cunard announces partnership with Pacific Symphony

Cruise line Cunard is announcing a new musical partnership in its tradition of spotlighting cultural offerings.

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Travel and hospitality
Bulgari opens newest hotel in Paris

Italian jeweler Bulgari’s hospitality brand is opening a new location in Paris, the seventh hotel in its collection.

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Apparel and accessories
Valentino announces new eyewear agreement beginning July 2022

Italian fashion house Valentino is announcing its new eyewear license agreement with Switzerland-based Akoni Group.

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Food and beverage
DFS Group opens transformative Dom Pérignon x Lady Gaga pop-up

Luxury travel retailer DFS Group has partnered with LVMH-owned Champagne house Dom Pérignon on a pop-up centered centering Oscar-winning actor and singer Lady Gaga.

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Apparel and accessories
Supply chains pose greatest threat to 2022’s fashion recovery: McKinsey

After grappling with the collateral effects of the COVID-19 crisis for nearly two years, the fashion industry looks to 2022 with optimism, but there are caveats to its recovery.

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Arts and entertainment
Luxury flocks to Miami for artistic brand activations

Art Basel is making a triumphant return to Miami Beach after last year’s canceled events, and luxury brands are following suit with the hopes of engaging with creative-minded affluents.

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Automotive
Automakers see price, demand heighten amid supply chain pressures

Luxury automakers and buyers continue to face widespread market challenges, including limited inventory and high prices.

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Apparel and accessories
Mulberry aims to save the world through handbags

British leather goods house Mulberry is committing to achieving a regenerative and circular business model, making the industry more sustainable one handbag at a time.

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Strategy
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News briefs
Virgil Abloh, Mercedes, Gucci, Sotheby’s, Net-A-Porter, Dolce & Gabbana and The Dalmore

Luxury Daily’s live news: Mercedes-Benz unveils final collaboration with Virgil Abloh; Gucci reunites with The North Face for new capsule; Sotheby’s, Net-A-Porter partner for New York Luxury Week; Dolce & Gabbana previews upcoming Casa offerings online; The Dalmore leverages NFT collection for exclusive experience.

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Retail
5 emerging cities in China luxury brands cannot overlook

The economic and demographic landscape shaping today’s luxury consumption outside Tier-1 cities is more complicated than many global players realize.

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News briefs
Day’s wrap: Virgil Abloh, Mercedes, Gucci, Sotheby’s, Net-A-Porter, Dolce & Gabbana and The Dalmore

Luxury Daily’s live news: Mercedes-Benz unveils final collaboration with Virgil Abloh; Gucci reunites with The North Face for new capsule; Sotheby’s, Net-A-Porter partner for New York Luxury Week; Dolce & Gabbana previews upcoming Casa offerings online; The Dalmore leverages NFT collection for exclusive experience.

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Home furnishings
Dolce & Gabbana previews upcoming Casa offerings online

Italian fashion label Dolce & Gabbana is launching a selection of its home accessories online as it expands into the home furnishings sector.

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Automotive
Mercedes-Benz unveils final collaboration with Virgil Abloh

German automaker Mercedes-Benz is paying tribute to Virgil Abloh with the unveiling its final collaboration with the late designer.

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Retail
Sotheby’s, Net-A-Porter partner for New York Luxury Week

Auction firm Sotheby’s and online luxury retailer Net-A-Porter have kicked off this month’s New York Luxury Week as part of their year-long global partnership.

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QUOTE OF THE DAY
This holiday season will not be ordinary: 4 challenges facing luxury retailers
By

Early shoppers, a shortage of repair pros, in-store returns and logistical costs all loom.

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Changing luxury: Myths and realities amidst the pandemic
By

With an absolute number of 56.1 million millionaires in a total population of 7.9 billion, the accumulation of wealth has never been higher.

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Of customizers and counterfeits: How genuine customized Nike sneakers can become counterfeits
By

Authentic goods, too, can turn into counterfeits as a matter of law, depending on how extensively they are altered.

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The luxury market is not what it used to be. Here is why
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The term “luxury” has always been difficult to define, especially as its essence is always changing.

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