Despite a recent contraction in fine art sales and fluctuations in jets and yachts, demand for luxury continues to grow. The global luxury market is expected to reach 1.26 trillion euros in 2019, up 8 percent compared with the previous year, or 4 percent at constant exchange rates. Expectations of 3 to 5 percent annual growth at constant exchange rates through to 2025 for personal luxury goods, with sales reaching between 335 and 375 billion euros.
In 2019, China is showing a 30 percent growth, confirming Chinese customers & purchases redirected locally, followed by the rest of Asia and Japan. Impacted by social unrest, Hong Kong is declining by around 2 billion euros compared with 2018. The Chinese are leading 90 percent of growth in 2019.
The Millennials (the Y generation) and the Z generation contributed to 100 percent of the market growth in 2019. Gen Y is expected to reach 50 percent of market value in 2035. And it is in China and in South East Asia that they show they are most dynamic and attracted by the personal luxury goods. Continue reading
Swiss fragrance and flavors supplier Givaudan said Tuesday it has reached an agreement to acquire the cosmetics business of Italian company Indena.
As the fashion sector struggles to define what an influencer actually is, organisations like the Federal Trade Commission in the United States are cracking down on false influencer advertising. In other words, if an influencer has been paid to wear a brand’s clothing, they will now be obliged to say so.
MCM will soon have a new fragrance, thanks to a licensing deal with InterParfums Inc. InterParfums has signed a 10-year worldwide licensing agreement with Jean Madar, chairman and chief executive officer of InterParfums, revealed plans to reinvent the fragrance category via the MCM partnership, the first launch of which is slated to be in stores in 2021.
Tag Heuer has opened its first store in Canada, at the Yorkdale shopping mall in Toronto. Tag Heuer is investing in retail more than ever to ensure we are engaging with our customers through exceptional service and a rich brand experience.
With floodwaters reaching their highest level in 50 years, the Italian government has declared a state of emergency in the city, where the iconic Piazza San Marco has been closed to the public and its Basilica seriously damaged.
Kering chairman and chief executive officer François-Henri Pinault is showing a growing interest in media.The luxury company invested an undisclosed amount in The Explorers, a global media platform focusing on environmental issues through an app and web site.
A crazy project, one that Peter Lindbergh was able to realise last year with the help of the French luxury label. Dior’s most iconic creations photographed in black and white in the streets of present-day New York: the images are as beautiful as they are surreal, breathing life into superb models from the past that we would ordinarily only see immortalised in museums. 
Rihanna has been at the leading edge of promoting women with a variety of skin tones, her brand is far from the only one to be inclusive in terms of body size, an issue heavily promoted by brands like American Eagle Outfitters among others.
Hermès luxury brand bags were stolen from manufacturing workshops in the Bordeaux suburbs for a damage of several hundred thousand euros, the gendarmerie said Friday.
It is not yet 30 years since he has already marked with his name the very select world of fashion designers. Simon Porte Jacquemus is the designer who never stops climbing and whose celebrities are mad of his clothes and accessories. But his talent is also and above all recognized by his peers. The proof is in the fact that he is nominated for two awards at the upcoming London Fashion Awards. The prestigious event will be held on Monday, December 2 at the Royal Albert Hall.
LVMH Moët Hennessy Louis Vuitton’s market capitalization shot past the 200 billion euro mark Monday, closing at 397.50 euros per share. The market capitalization of French rivals Hermès International and Kering, meanwhile, stood at 68.85 billion euros and 65.56 billion euros, respectively. Swiss-based Compagnie Financière Richemont trailed behind its French competitors, with a market capitalization of 41.52 billion Swiss francs, or 37.77 billion euros.
The Michael Maccari era at Perry Ellis has come to an end. In a surprise announcement Tuesday morning, the company said Maccari, who had headed the creative efforts of the brand since 2013, has resigned to “pursue other opportunities.”
Abasi and Rosborough lost touch for several years following school. They reconnected three years later over coffee and an idea Rosborough had formulated.
Kim Jones likes to think of himself as low-profile, but scroll through his Instagram account, and you’ll find images of the designer with Donatella Versace, Kate Moss, David Beckham or Naomi Campbell all people he considers close friends.
The Lord of luxury is looking at acquiring the famous American jeweller “Tiffany”, known for its engagement rings and diamonds, but also its precious stones. The house, which has the world on the horizon, and many paths that remain to be explored through the shadows of luxury, to the edge of the night, but above all, until the stars are finally all lit by all the diamonds of the earth, continues its colonisation.