Luxury Daily, January 23, 2018 – 82pc of world’s wealth distributed among top 1pc

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January 23, 2018

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Government

82pc of world’s wealth distributed among top 1pc

According to Oxfam, the number of billionaires in the world saw its largest jump in history during 2017, bringing the demographic's total number of individuals with personal wealth in the billions up to 2,043.

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Marketing

CSR needs to be more than “skin deep”: Positive Luxury FREE

In a world where facts and figures are increasingly called into question, luxury brands will need to lead with emotion and values rather than rationality to succeed.

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Retail

Balenciaga embraces the everyday to launch Net-A-Porter, Mr Porter capsules

Online retailers Net-A-Porter and Mr Porter are heading to the office to debut exclusive Balenciaga collections.

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Nonprofits

Elbi merges fashion, philanthropy to raise proceeds in modern way

Philanthropy application Elbi is transforming the fashion and fundraising communities with a donation method that mirrors social media and piggybacks off the luxury sector.

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Luxury Memo special reports

Disruption in luxury: Key trends – Luxury Memo special report

Luxury brands are facing a number of disruptive forces as new competitors, technology and changing consumers put pressure on them to rethink business as usual.

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Marketing

Luxury Daily releases new 40-page State of Luxury 2018 report polling industry insiders FREE

The rise of the digital economy simultaneously poses the biggest challenge and growth opportunity to the luxury business, according to the newly released “State of Luxury 2018: The Insider View” report from Luxury Daily and Unity Marketing that surveyed 599 decision-making luxury industry insiders. More details in article on how to buy or get the report free with a new annual subscription.

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Strategy

Subscribe now: $12 for 12 weeks FREE

Never miss a luxury moment. Access the latest luxury business news and analysis, marketing and retail campaigns, features, special reports and live coverage during business hours. Check the $12 for 12 weeks offer for 22 percent off the annual subscription price.

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News briefs

Céline, Richemont, Ralph & Russo, Bentley and Hermès – Live news

Luxury Daily's live news from Jan. 22 - Hedi Slimane returns to LVMH as Céline’s creative director; Richemont seeks remaining 51pc of YNAP shares; Ralph & Russo turns influencer into model at couture show; Bentley, RCA team to contemplate luxury’s meaning in 2050; Hermès puts consumers in a stupor to build mystery.

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News briefs

M&As, Azzedine Alaïa, silk scarves and Onefinestay – News briefs

Today in luxury - Richemont’s bid to buy YNAP spurs M&A speculation; Keeping Alaïa alive: A designer died, but his brand did not; The new power accessory? The silk scarf; Onefinestay’s innovative bet to stay ahead of Airbnb.

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Apparel and accessories

Madaluxe Vault is stab at off-price luxury

Since 2010, MadaLuxe Group has partnered with Europe’s iconic luxury maisons seeking North American distribution for excess inventory and, in doing so, has grown its retail sales to more than $200 million.

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