According to lifestyle magazine Robb Report, luxury spending is on the rise with 55 percent of affluent consumers having more of an interest in the industry than they did a few years ago.
LVMH's Sephora is continuing its efforts to tap into new ways of monetizing millennial-friendly mobile platforms, enabling its Snapchat followers to purchase products featured in live stories by taking a screenshot and downloading the ShopStyle application.
Luxury Daily's live news from June 6 - Kering combats domestic violence with employee training program; Lancôme distances itself from controversial pop star following backlash; Versace transitions runway to reality in Bruce Weber-lensed campaign; Vertu appeals to Middle Eastern clientele with bespoke Ramadan collection.
Today in luxury marketing - Burberry CEO Bailey gets 75pc pay cut amid struggle for growth; Are mixed gender shows the end of men’s fashion weeks?; Ralph Lauren expected to make job cuts; Shoppers' paradise lost? Singapore's malls suffer as locals, tourists curb spending.
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