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News briefs

Day’s wrap: Cyber Week, US stocks, Zegna, JW Anderson, Wheels Up and Giving Tuesday

November 30, 2021

Digital sales hit new records this year, despite a decrease in average discounts. Image credit: Rupixen

 

Luxury Daily’s live news for Nov. 30:

Cyber Week gives way to Cyber Month: Salesforce
As Cyber Week comes to a close, data shows that global digital sales reached $275 billion, an all-time record for the holiday sales week.

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Dow Jones drops 650 points amid Omicron concerns
U.S. stocks fell drastically on Nov. 30, with the Dow Jones Industrial Average dropping more than 650 points amid growing fears of the rapidly spreading Omicron variant.

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Zegna rebrands, introduces new logo
Italian menswear brand Ermenegildo Zegna has introduced a new logo as part of a broader rebranding strategy.

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JW Anderson auctions notable cardigan as first NFT
British fashion label JW Anderson and xydrobe have announced the brand’s first NFT – inspired by the Colourblock Patchwork Cardigan, made famous by singer Harry Styles – will be auctioned in December.

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Wheels Up launches winter ski experiences
Private aviation firm Wheels Up is getting ready for the upcoming ski season with new experiences.

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Brands celebrate Giving Tuesday with charitable donations
In celebration of Giving Tuesday, an annual movement encouraging people and organizations to give back to their communities, brands and companies across a multitude of sectors have pledged contributions.

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Luxury loses a generational talent with Virgil Abloh’s passing
The unexpected death of Virgil Abloh, men’s artistic director at Louis Vuitton with a reputation for pushing boundaries, leaves a dearth of visionary talent at LVMH Moët Hennessy Louis Vuitton and the luxury industry itself.

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