Luxury Daily, July 29, 2022 – Luxury must harness passion of young, bold consumers: New York Times

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July 29, 2022

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Media/publishing

Luxury must harness passion of young, bold consumers: New York Times

Branded content should be top-of-mind for brands and retailers as young media consumers solidify their place in luxury.

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Marketing

Who do UHNWIs trust most? Their digitally savvy kids: report

Populations with heightened means are seeking greater meaning, weighing professional and philanthropic priorities with the help of their successors, according to a new report.

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Apparel and accessories

Balmain’s new collection makes truthfulness fashionable

French fashion label Balmain is transforming intangible concepts like honesty and clarity into a new tactile ready-to-wear collection.

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Strategy

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News briefs

Prada, Moncler, Saks, Neiman Marcus, and Land Rover

Luxury Daily’s live news: Prada reports promising first half, focuses on medium-term goals; Moncler brands deliver double-digit revenue increases y-o-y; Saks Off 5th partners with Rent the Runway to list preowned selects; Neiman Marcus expands corporate hubs, aims to foster employee productivity; Land Rover, Christie’s auction James Bond stunt cars.

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Apparel and accessories

Celebrities put their might behind China’s sustainability agenda

With the aim of extending the lifecycle of a garment, celebrities, designers and other prominent figures have donated treasured pieces to the cause.

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