The exhibition comes two-and-a-half years after Chinese investment firm Fortune Fountain Capital Ltd. bought Baccarat from its private equity owners for $184 million.
Luxury Daily's live news from Jan. 21 - Fairmont partners with Montreux Jazz Festival for global musical tour; Tiffany, in nod to sustainability, throws weight behind new Bloomberg Green media brand; Coronavirus could affect luxury goods sales to Chinese consumers and travelers; How Small Luxury Hotels of the World members are responding to traveler trends.
Fairmont Hotels & Resorts has launched a global partnership with the Montreux Jazz Festival after a European pilot last year, with plans to showcase musical programs and activations at 13 properties worldwide.
The spread of the coronavirus in China, especially during the busy Lunar New Year season, may affect tourism and luxury consumption in that market, threatening near-term revenue for leading European luxury houses.
Travelers want pared-back extravagance by interacting with local cultures, respecting nature and participating in something that feels bigger than themselves.
Rather than relying on governmental regulations alone to combat climate change, companies should get involved and go beyond these guidelines in part because it is financially sound, according to a new report from Positive Luxury.
NEW YORK – While media group Meredith’s luxury titles Travel + Leisure, Food & Wine and Departures take a multichannel approach to content, print is the centerpiece of their brand experiences.
NEW YORK – As the cruising industry continues to grow, with 32 million people expected to take a cruise this year, there are significant opportunities for luxury retail across both high-end and mass-market ships.
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Luxury Daily live news from Jan. 17 - Wealthy to grow 5.7pc this year to 26.6M with combined worth of $110 trillion; Jean Paul Gaultier’s next runway show is his last; Burberry signifies China importance with Shanghai as venue for fall-winter show; La Perla nabs Oscar de la Renta exec Morgan Richardson to grow lingerie business; Saks sponsors Town & Country’s 2020 Jewelry Awards with February cover star Aerin Lauder as cohost.
Today in luxury - Could a Prada sale be luxury’s next mega-deal?; Richemont sales rise despite Hong Kong downturn; Gen Z, women and Louis Vuitton drive StockX to $1B in transactions; A luxury dish is banned, and a rural county reels.
As Western luxury brands flock to mainland China to open bricks-and-mortar stores, they are, to varying degrees, coming to grips with the market. Attempts by Chinese fashion groups to expand westward, however, have been surprisingly less successful.
We invite you to subscribe to Luxury Daily and join the ranks of the smartest luxury marketers worldwide. Our subscribers include decision-makers and executives from the world's leading luxury brands, retailers, agencies, publishers, market researchers, universities and consultancies.
Luxury Daily live news from Jan. 17 - Wealthy to grow 5.7pc this year to 26.6M with combined worth of $110 trillion; Jean Paul Gaultier’s next runway show is his last; Burberry signifies China importance with Shanghai as venue for fall-winter show; La Perla nabs Oscar de la Renta exec Morgan Richardson to grow lingerie business; Saks sponsors Town & Country’s 2020 Jewelry Awards with February cover star Aerin Lauder as cohost.
This year looks to be one of solid expansion in the global wealthy population and their respective wealth, according to an optimistic outlook from Wealth-X.
Fashion designer Jean Paul Gaultier has said his upcoming runway show will be the last, following the example of a few others such as Moncler Genius that have ditched that format.
The fall-winter collection 2020 will be presented April 23 in Shanghai for both menswear and womenswear. The show will include new looks designed exclusively for the event and sale in China.
Morgan Richardson has been named brand president of North America and Mexico for La Perla with a mandate to fine-tune strategy and grow the Italian lingerie brand in a competitive and changing landscape.
Officially the Town & Country Jewelry Awards with Saks Fifth Avenue, the cocktail event will be held Jan. 27 at L’Avenue. Town & Country February cover star and entrepreneur Aerin Lauder will cohost the awards alongside Saks president Marc Metric and T&C editor in chief Stellene Volandes.
NEW YORK – While China is fueling a significant portion of luxury growth, the millennial generation is poised to have a greater impact on the business’ expansion in the coming years.
