Luxury Daily, October 26, 2017 – Luxury growth finally sees 5pc bounce back: Bain

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October 26, 2017

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Retail

Luxury growth finally sees 5pc bounce back: Bain

After luxury hit a rough patch the last few years, it is likely hitting its stride again with a 5 percent growth this year, according to a new report by Altagamma and Bain & Company.

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Strategy

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Research

Billionaires’ $6tn in global wealth used to build legacies via cultural capital

After a $300 billion decline to $5.1 trillion in 2015, UBS and PwC report that the total wealth of the world’s billionaires rose 17 percent in 2016 to $6 trillion.

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Apparel and accessories

Brands must constantly stay risky, innovative to survive, says Kenzo’s creative duo FREE

NEW YORK – Collaborations across industries can be a scary prospect for brands, but the potential gains from a partnership that is truly fresh and out-of-the-box are worth the risk.

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Real estate

Location, convenience is driving hospitality-managed residential growth

Hotel residences are growing in demand due to the popularity of sought-after locations where hoteliers are usually located, along with the allure of an array of amenities affluent consumers seek for everyday living.

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Automotive

Lexus brings Blank Panther comic film concept to life

Toyota Corp.’s Lexus is building on its relationship with comic book and film group Marvel by taking its collaboration to the next level with an inspired concept model.

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Classic Guides

Luxury Women to Watch 2018 FREE

Luxury Daily annually honors 25 smart women executives who show the potential to make a difference next year in the luxury business. This year’s stellar roster of honorees, like in lists past, causes jaws to drop with their talent, focus and determination to succeed.

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News briefs

Harrods, LVMH, Missoni, Galeries Lafayette and The Macallan – Live news

Luxury Daily's live news from Oct. 25 - Harrods incorporates concierge services into new-build townhouses; LVMH enriches Louvre’s collections via funds, public crowdfunding; Missoni to screen filmmaker retrospective onto Madison Avenue; Galeries Lafayette pilots omnichannel tactics at new location; The Macallan unbottles Scotch whiskies’ elements via AR app.

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News briefs

Nordstrom, Amazon, Hong Kong and Cadillac – News briefs

Today in luxury - Pete Nordstrom gives a glimmer of the future for Nordstrom Inc.; Amazon Key is a new service that lets couriers unlock your front door; The Hong Kong shopping experience is changing; The 10-year plan to make Cadillac cool again.

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Apparel and accessories

Luxury fashion is not ready for sustainability

The goal should not just be to have a sustainability strategy – it should be to have a sustainable brand.

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