January 11, 2017
Join senior executives and decision-makers at the 5th annual Luxury FirstLook 2017: Time for Luxury 2.0, the nation’s premier conference organized by Luxury Daily discussing luxury business issues covering advertising, marketing, retail, media, Internet, social, mobile and geopolitics opportunities and challenges expected in 2017.
Speakers from De Beers' Forevermark, Four Seasons Hotel New York, A.T. Kearney, New York Times' T Brand Studio, Microsoft Canada, Robb Report, Kantar Millward Brown, The Luxury Marketing Institute, Giant Step, CreativeFeed, Unity Marketing, Positive Luxury, The Shullman Research Center, JGA, Sedhom Law Group, Spark Ideas, CreativeDrive, New York University, Safilo, Driscoll Advisors and Shamin Abas Public Relations & Special Events. AGENDA BELOW
Focus: What luxury marketers can expect in a market roiled with rapid change spurred by technology, changing consumer consumption habits from acquisition to experiential, geopolitical turmoil, emerging market slowdown, currency fluctuations and an overstored environment ill-equipped to deal with ecommerce and mobile. What it calls for is Luxury 2.0 - call it reset, pivot, evolution, whatever, but change is needed to better understand and anticipate the 21st-century consumer mindset
Why you should attend: Hear a cross-section of the nation’s leading expects discuss strategy, tactics, execution, results and analysis for gaining or maintaining market share in a rapidly evolving luxury market where the consumer is leading the change as much as brands. Also network with fellow attendees who are senior executives and decision-makers at leading marketers in this day-long serious transfer of knowledge
One more reason why you should attend: It is not the same carousel of speakers or vendor-led discussions that go under the guise of pay-for-play conferences. This is serious strategic thinking and execution at work – always a hallmark of a Luxury Daily event
Venue: 10 on the Park at Time Warner Center, 60 Columbus Circle, 10th floor, New York, NY 10019 (entrance is on 60th Street across from Columbus Circle, between Equinox gym and the Mandarin Oriental Hotel)
Price: Only $695, which includes breakfast, lunch and cocktails
Sponsorship: For lunch roundtables and keynotes, tables, breakfast, cocktails and other sponsorships, please email firstname.lastname@example.org
Jan. 18, 2017
7:30 a.m. - 8:15 a.m.
Breakfast and Registration
Mickey Alam Khan, editor in chief, Luxury Daily
Emcee: Milton Pedraza, CEO, The Luxury Institute
Luxury Market Outlook 2017: Disruption, Change and Reinvention
Why should disruption surprise any of us? Why does the rapid rate of business change, which seems to have gone from fast to supersonic in the past decade, bewilder and confuse us? The cliché explanation is this is the ‘new normal,’ but these are merely the symptoms of the change, the effects, not the cause. To develop meaningful and effective strategies to deal with these changes, rather than just copy the disrupters’ tactics, luxury brands need to understand the underlying cause – the shifting priorities, needs and expectations brought about by the evolving luxury consumer market and new generational demographics. It is an understanding that heritage brands such as Lincoln, Tag Heuer and Saint Laurent Paris demonstrate, as well as disruptive brands including Everlane, Shinola and Blue Nile are exploiting. The answer to disruption and change in the luxury consumer market must be to reinvent the luxury brand experience for today and tomorrow’s luxury consumer. This session will focus on the new luxury consumer dynamics and how brands must respond proactively to meet them.
Pam Danziger, president, Unity Marketing, and author of “What Do HENRYs Want?”
Postcards from the Future: 2017 Retail Trends
The lines between the in-store and online experience are rapidly blurring. Luxury retailers may have an exclusive clientele, but they share many of the industry’s challenges when it comes to creating a rich omnichannel presence and a compelling customer experience. Today’s technologies are progressing at an exponential rate with consumers’ expectations keeping a close pace. Where some of the latest shopping trends are heading and how they will affect the retail scene in 2017 are some of the key areas under discussion, including:
Dave Rodgerson, retail industry executive, Microsoft Canada
Talent Challenges: Finding and Grooming the Next Generation of Luxury Marketers
Talent has been harder to secure in the luxury space as younger generations forgo learning traditional craftsmanship. Hospitality has been hit especially hard as it has become difficult for hotel groups to hire and retain dedicated staff members. How has the Four Season Hotel New York – one of the New York’s most prestigious hotels – dealt with this industry reality with which other luxury brands and retailers can identify?
Mehdi Eftekari, general manager, Four Seasons Hotel New York
Amazon and Other Key Issues Roiling Luxury
With the 2016 U.S. presidential election decided in November, the luxury marketplace will continue to encounter disruptive changes that should encourage marketers to rethink their marketing, distribution and communications approaches. This talk will specifically focus on:
Bob Shullman, founder/CEO, The Shullman Research Center
Millennials: Influencing Purpose, Prestige and the New Luxury
Millennial consumers will increasingly transform luxury with their connected life, Internet of Things (IoT) and the functional and purposeful role of purchases. In effect, they are moving on from purely artifact or object to a more lifestyle, functional and integrated role for purchases. They are open to tapping rent-or-share luxury or non-functional luxury, while being motivated to own luxury products that increasingly include segments such as electronics, sport and “experience” and to “invest” in those purchases. Luxury that is purely about artifice will find it increasingly challenging to attract the millennials’ investment without a stronger purpose, function and feature.
Ken Nisch, chairman, JGA
Sustainability is the New Black: Consumers Expect Ethical Transparency
Today’s consumers expect transparency among brands, especially high-profile luxury houses. In the case of DeBeers’ Forevermark, sourcing diamonds responsibly means that, throughout their journey from rough to polished diamond, particular care has been taken to ensure responsible business practices, support the advancement of women and protect the natural world, which is the ultimate source of its diamonds. This talk will speak to ethical business practices in the luxury sector, why brands must embrace the trend and the importance of sustainability. Brands with ethical practices are also becoming increasingly attractive to investors.
Charles Stanley, U.S. president, De Beers’ Forevermark
Simon Burch, chief marketing officer, Belvedere Vodka
Diana Verde Nieto, cofounder, Positive Luxury
Experiential Event Marketing: Going from Hope to Bespoke
Experiential marketing will be critical for engaging the ultra-high-net-worth (UHNW) luxury consumer. The ultra-affluent are impervious to traditional forms of media and advertising. Most of them are bombarded by copious invitations to exclusive events claiming to provide experiences they cannot buy. Yet it remains one of the most difficult endeavors to getting these individuals in the room. Also, most brands make the same mistake in answering the siren call of trying to engage these luxury consumers “out there” starting from the outside-in approach. Most brands spend enormous amounts of time, resources and investment in “hope marketing” campaigns that revolve around the same playbook for marketing events: invite their top clients to their wine and music event, hope they bring their friends and hope that their friends are potential clients and hope they have a way to engage them at the event as well as a way to follow up. But there is a better way: switching from hope marketing to bespoke marketing, as this panel will show. Panelists will discuss best practice for curating events geared toward ultra-high-net-worth individuals.
Shamin Abas, president, Shamin Abas Public Relations & Special Events
Fiona Noble, global CEO, Quintessentially
David Friedman, co-founder, Wealth-X
Arthur Ceria, CEO, CreativeFeed
Maurice Bernstein, CEO, Giant Step
Marie Driscoll, principal, Driscoll Advisors
Find Your Advertising White Space with Spotlight Cinema Networks
Spotlight Cinema Networks offers audiences a 360-degree luxe experience with luxury brands. Spotlight offers its big screen, and captivating cinema programs that deliver a totally new way for luxury brands to engage with engaged affluent consumers. Its programs are delivered in a superlative environment to audiences that demand top quality all the way. Big screen = Big impression to the people that matter most: the affluent luxury customer.
Michael Sakin, president, Spotlight Cinema Networks
Pam Danziger, president, Unity Marketing
International Cosmetics & Perfumes: State of the Luxury Fragrance Market and Challenges Ahead
The $16 billion global prestige fragrance market, of which the United States accounts for 48 percent, posted a 7 percent growth in 2015 over the prior year. However, the changing bricks-and-mortar retail landscape, rise of digital commerce, struggle to differentiate brands and growing commoditization are key issues for the luxury fragrance business. What is the path ahead and what are brands such as the famed Creed doing to make further inroads in the market is the focus of this presentation.
Emmanuel Saujet, CEO, International Cosmetics & Perfumes
Native Advertising: Media’s Savior?
With ad-blockers and consumers’ advertising fatigue on the rise, marketers have had to adapt to changing mindsets. This has given rise to native advertising – sponsored content that looks like editorial – and helped publishers regain significant ad dollars. More publishers have launched their own in-house content marketing agencies to better serve advertisers to make up for shortfalls in print. In the first half of 2016, the number of fashion advertisers buying native was up 67 percent compared to the same period last year, from 55 to 92. The discussion will zero in on native content insights and how publishers can benefit from native advertising, whether it be written, video or virtual reality, renewal rate analysis, scale of native buys versus over display campaigns, creative, programmatic, cross-platform campaigns and what else a fashion advertiser buys with native.
Tracy Doyle, creative director for fashion and luxury, The New York Times’ T Brand Studio
Matt Carroll, senior vice president and publisher, Robb Report
Greg Licciardi, chief revenue officer for North America, Elite Traveler Media Group, and adjunct professor at Fordham Gabelli Graduate School of Business
Vincent Krsulich, senior vice president of sales and marketing, Martini Media
Embracing Mobile and Social Commerce in Luxury
Mobile and social commerce have upset the status quo in luxury, even questioning the very foundation of show-and-tell: the fashion show and fashion weeks. But they have also enabled concepts such as see-now, buy-now, exclusive online capsule collections, social buy buttons and social media to drive commerce. This session will showcase:
Cecilia Streit, CMO and chief growth officer, CreativeDrive
Malinda Sanna, founder/CEO, Spark Ideas
Milton Pedraza, CEO, The Luxury Institute
IP Protection and Counterfeiting: Getting Real
Staying ahead of counterfeiters has always been problematic for luxury brands. But as technology has advanced, the use of RFID chips and other methods have helped luxury houses to better safeguard their intellectual property and signature designs. Online marketplaces such as Amazon and China’s Alibaba have also posed problems in regulating the sale of fakes. IP protection will be discussed in this session in relation to combating counterfeiters.
Rania Sedhom, managing partner, Sedhom Law Group
Licensing: How Much to Expand and Stretch the Brand
Luxury brands regularly want to expand into eyewear. What determines which brands are strong candidates for licensing and which are not is key. Also, protecting the brand is important in a licensing arrangement: What types of measures are put in place to ensure that a brand’s DNA is not threatened? This session will discuss:
• At what point should a brand consider licensing – or not?
• Can having too many licenses negatively affect a brand?
• What are some of the biggest challenges faced as a licensee of many brands?
• What is the recipe for the best licensing partnerships?
Luisa Delgado, CEO, Safilo Group
Rebecca Miller, CEO, Miller & Company
Luxury’s Next Challenge: Generation Z
One of the most significant changes to take place over the next decade is the coming of age of Generation Z – those born starting in 1998. Between now and 2034, 4 million to 5 million Generation Z’ers will come of age every year to a total to 82 million, making them America’s largest generation ever. Gen Z is a very different generation shaped by distinct social, economic and technological trends that define their attitudes towards society, education, family, money and consumption. This has profound implications for luxury brands. This session will focus on the key characteristics of Gen Z, what life experiences shape their attitudes and values, how they use technology to learn and interact with their peers and society, and what it might take for luxury brands to be able to engage with them. There are broad inferences on product, design, communication and marketing, and distribution channels. Although this generation is still young, they exercise an oversized influence on older generations. It is therefore critical for luxury brands to understand their key traits. This way, they can understand not only how this generation is influencing luxury’s current clientele, but also build the foundation for capturing the attention and loyalty of this largest of generations as they reach the height of their own buying power.
Hana Ben-Shabat, partner – retail and consumer goods practice, A. T. Kearney
Raffle for Dom Perignon
Lessons Learned from the World’s Most Valuable Luxury Brands
Who are the world’s most valuable luxury brands? What are the drivers behind their value growth over the past 10 years? How have global luxury consumers’ attitudes, behavior and shopping habits changed? What is happening in the fast-growing new luxury markets? What are the branding-building action points in the future? The presentation will cover the key findings from BrandZ Top 10 Most Valuable Luxury Brands over the past 10 years, reveal the global trends in luxury, uncover the drivers behind the luxury brand’s value growth and the important brand-building implications for the next decade. The insights are drawn from the BrandZ database including information from more than 2 million consumers in 50 country markets.
Doreen Wang, global head of BrandZ, WPP’s Kantar Millward Brown
Emcee: Milton Pedraza, CEO, The Luxury Marketing Institute
Mickey Alam Khan, editor in chief, Luxury Daily
Sponsored Cocktails Celebration
Hotels in the Midtown Manhattan neighborhood (from nearest to farthest):
80 Columbus Park at 60th Street, New York, NY 10023; tel: 212-805-8800
Trump Hotel Central Park
One Central Park West, New York, NY, 10023; tel: 212-299-1000
Hudson New York
356 W 58th Street, New York, NY 10019; tel: 212-554-6000
JW Marriott Essex House New York
160 Central Park South, New York, NY 10019; tel: 212-247-0300
1335 Avenue of the Americas, New York, NY 10019; tel: 212-586-7000
455 Madison Avenue, New York, NY 10022; tel: 212-888-7000
40 West 40th Street, New York, NY 10018; tel: 212-869-4446
1535 Broadway, New York, NY 10036; tel: 212-398-1900
811 Seventh Avenue, New York, NY 10019; tel: 212-581-1000
Agenda subject to change. Refunds will not be given after 12:01 a.m. on Monday, Jan. 16, 2017