Luxury Daily
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April 26, 2024
  1. Zegna Group raises revenue 8pc in first quarter
  2. Gucci makes splash with 'Lido' collection
  3. Porsche named official electric vehicle of 2024 Met Gala
  4. Double-digit growth streak continues at Hermès
  5. Sofitel leverages local ties in new campaign film
  6. Prada Group sees first quarter sales rise 16pc
  7. Christofle opens pop-up showroom in West Hollywood
  8. Kering rocked by 11pc sales dip in Q1
  9. Nobu to open hotel, restaurant in East Cairo
  10. YSL Beauty adds Bahamas, Colombia to rewilding project scope
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Research

Consumers in APAC shifting toward sustainable, local luxury brands: report

June 1, 2023

The luxury industry has pursued every opportunity in China’s high-growth market. Yet, thus far, it has ignored this other market in the Asia-Pacific region. Image credit: Shutterstock A shift in Asian markets could see luxury brands’ fiscal reports become more grim. Image credit: Shutterstock

 

By Zach James

While Asian markets are seen as areas of growth for luxury brands, a new survey shows the region is shifting in a different direction.

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  1. Zegna Group raises revenue 8pc in first quarter
  2. Gucci makes splash with 'Lido' collection
  3. Porsche named official electric vehicle of 2024 Met Gala
  4. Double-digit growth streak continues at Hermès
  5. Sofitel leverages local ties in new campaign film
  6. Prada Group sees first quarter sales rise 16pc
  7. Christofle opens pop-up showroom in West Hollywood
  8. Kering rocked by 11pc sales dip in Q1
  9. Nobu to open hotel, restaurant in East Cairo
  10. YSL Beauty adds Bahamas, Colombia to rewilding project scope
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