In an open letter from the “Millionaires for Humanity” coalition, the signatories said the impact of the crisis could last decades, pushing a half-billion consumers into poverty and causing hundreds of millions of job losses.
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The United States has announced plans to add an import tax to French beauty and luxury goods as part of its ongoing disagreement with France after the Gallic nation threatened U.S. tech companies with a digital services levy. The timing could not be worse.
COVID-19 slammed the fashion industry in challenging ways, as global shutdowns meant that important infrastructural parts of the supply chain were locked out of the system overnight when lockdowns hit some parts of the world and not others.
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Taking advantage of China’s recovery momentum, many established luxury brands have either released exclusive collections in the country or rushed to get on its online sales channels.
It is no longer just about going through a digital transformation – that was years ago. Today, the focus must be on digital mastery.
Luxury Daily’s live news: Ettinger allies with likeminded UK brands to drum up summer attention; Versace debuts round two of Very Versace social campaign; New campaign asks pointed question: What does Moncler mean to you?; Asian affluent consumers’ mindset post-pandemic; Gucci, in yet another collaboration, enlists line-up of international artists to interpret its G-Timeless watch.
Trade dress can be a very powerful form of protection, but only if a company understands how to gain and maintain it.
Luxury Daily’s live news: Ettinger allies with likeminded UK brands to drum up summer attention; Versace debuts round two of Very Versace social campaign; New campaign asks pointed question: What does Moncler mean to you?; Asian affluent consumers’ mindset post-pandemic; Gucci, in yet another collaboration, enlists line-up of international artists to interpret its G-Timeless watch.
