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luxury news and archive

Retail

Sotheby's launches new retail destination called The Emporium

Sotheby’s, the luxury auction house, has opened a new retail destination to showcase its fine assortment of art, design and luxury items. Called The Emporium, the store is located in its New York flagship galleries as part of the company’s extension into online and offline shopping. Currently on show and sale are over 5,000 authenticated luxury...

May 11, 2021

Fashion

Fendi to relaunch luxury homeware in new joint venture

Fendi Casa, the luxury furniture and homeware division of the renowned Italian maison, is set to relaunch in partnership with Design Holding, an Italian design group whose other brands include high-end furniture and lighting makers such as B&B Italia and Louis Poulson. Fendi, which is part of the LVMH Group, will launch a joint venture with...

May 4, 2021

Business

Walpole publishes first sustainability report of UK luxury companies

Walpole, the trade body that represents British luxury companies, has published a sustainability report following up to its one year manifesto. In January 2020 Walpole launched its sustainability manifesto with the aim empower its client’s businesses towards a net carbon and zero waste future, supported by strategic partner McKinsey & Company....

Mar. 31, 2021

Podcast

Luxury Market Recovery in Asia Pacific

This month’s Fashion Friday podcast series by Euromonitor International analyses the drivers of the recovery of the Asian luxury market, with examples of brands putting extra effort into expansion in the Asia Pacific region. Under COVID-19, the global luxury market shrunk by 15%. However, in the Asia Pacific, stronger resilience, where the...

Mar. 5, 2021

Fashion

Transparency in Luxury, Do We Really Want It?

Generation Z is having a profound effect on how fashion brands engage with their customers. They prefer shopping brands that share common values. And they are demanding more transparency from brands regarding material sourcing, pricing, environmental impact and labor practices, in order to make purchase decisions. You can also listen to this...

Dec. 15, 2020

Podcast

Luxury Challenged by Generational Demands

Generation Z is having a profound effect on how fashion brands engage with their customers. They prefer brands that take a stand on social justice and political issues; topics which brands have typically avoided. What’s more, luxury brands have always been in the business of creating an escape from the real world, creating products that are more...

Dec. 15, 2020

Retail

Data reveals Brits are unknowingly spending 3.2 billion pounds on fake designer goods

When Amazon announced it was launching an internal Counterfeit Crime Unit in July, it sent a message to those sellers proliferating fake goods. If the world’s largest online retailer is aiming for zero counterfeit and inferior quality products on its website, there is an equal zero tolerance policy towards those who sell and manufacture them....

Aug. 28, 2020

Retail

The loss of American tourists forces European luxury brands to think local

Each summer, come July and August, outbound Parisians, Milanese and Florentines tend to flock to their respective coasts for some weeks of respite from the urban heat, while visiting Americans linger in their empty cities, take in the cultural reverence and most of all, they shop. In 2018, nearly 18 million Americans visited EU countries with...

Aug. 18, 2020

Business

US imposes retaliatory tariffs on UK and EU products, including luxury brands

Fashion companies may have little to do with Airbus and aviation, but tariffs imposed by the US Trade Representative (USTR) effective September 1st will see retaliatory tariffs of 25 percent on goods including tailoring, wool, cashmere and linen homeware. Walpole, the trade body representing British luxury companies, said Washington had...

Aug. 14, 2020

Fashion |OPINION

Why the fashion industry must recalibrate

It took less than one hundred days to upend the fashion industry, its glamorous facades crumbled into a pile of obsolescence. For a moment, the world stopped consuming, and the aspiration economy of luxury, travel, leisure and the acquisition of beautiful things, no longer mattered. Conspicuous consumption and the luxury add-ons of the...

Apr. 9, 2020

Fashion

In lockdown: from retail staff to CEOs, the fashion industry is working from home

On Monday a Paris-based showroom was meant to return the collection samples to its clients. These were the selling samples for the Autumn Winter 2020 season shown to buyers during Paris fashion week that are required for press and production purposes. That moment never happened, as French couriers on Monday found themselves in a state of chaos...

Mar. 17, 2020

Fashion

40 British luxury brands sign Walpole Sustainability manifesto

London -British luxury lobby group Walpole said 40 members have become signatories to its Sustainability Manifesto. Earlier this year, Walpole launched the British Luxury Sustainability Manifesto – a commitment to helping the British luxury sector become the global leader in sustainability with a focus on four key pillars. The pillars include...

Feb. 14, 2020