While many luxury brands were slow to take on ecommerce in the beginning, the sector is now leading the charge in luxury sales growth at 7 percent penetration in 2016, according to Bain & Company.
The French luxury conglomerate's financial losses are attributed to its underperformance in Asia, as well as Italian fashion label Gucci's declining sales.
Luxury Unfiltered is a weekly column by Daniel Langer, an expert in luxury branding, hospitality and activations who was named a “Global Top 5 Luxury Key Opinion Leader” by Netbase Quid.
Proceeds from the luxury resale platform's new initiative running through April 30 will benefit environmental protection nonprofit Conservation International.
The Kering-owned Italian porcelain brand is leaning into the midcentury design craze taking hold of luxury consumers with the release of the Diva collection.
The Italian menswear brand is using billboard ads, themed newsstands, retail takeovers and more to promote a new, eco-conscious book release during Salone del Mobile season.
