Luxury Society’s selection of news articles that are not to be missed this week.
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What We’ve Read: Tiffany & Co. to Spend At Least $250 Million on Fifth Avenue Store Remodel
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Over the last decade, collaborations between luxury brands and contemporary artists have gone beyond mere artistic partnerships towards a new kind of luxury branding.
PARIS – Art and fashion have always developed side by side, for fashion, like art, often gives visual expression to the cultural zeitgeist. During the 1920s, Salvador Dalí created dresses for Coco Chanel and Elsa Schiapparelli. In the 1930s, Ferragamo’s shoes commissioned designs for advertisements from Futurist painter Lucio Venna, while Gianni Versace commissioned works from artists such as Alighiero Boetti and Roy Lichtenstein for the launch of his collections. Yves Saint Laurent’s vast art collection, recently auctioned at Christie’s in Paris, testified to his great love of art and revealed the influence of a variety of artists on his own designs.
In the 1980s, relationships between luxury brands and artists were advanced when Alain Dominique Perrin created the Fondation Cartier. In the Fondation Cartier pour l’Art Contemporain, a book marking the foundation’s 20th anniversary, Perrin says he makes “a connection between all the different sorts of arts, and luxury goods are a kind of art. Luxury goods are handicrafts of art, applied art.”
The Fondation Cartier pour l’Art Contemparain building in Paris
Luxury Society’s selection of news articles that are not to be missed this week.
1. Tiffany & Co to Spend at Least $250 Million on Fifth Avenue Store Remodel
The jeweler said Tuesday it would undertake a three-year renovation of its store on Manhattan’s Fifth Avenue at 57th Street, a location made iconic by the classic movie Breakfast at Tiffany’s.
Read this on Fortune.
2. How Luxury Brands Can Seize the Qixi Opportunity
In China, Chinese Valentine's Day (Qixi) has eclipsed Western Valentine's Day as the nation's most important gifting holiday. Industry experts and brand executives weigh in on the festival and what it means for luxury brands today.
Read this on Business of Fashion
3. China’s Young Influencers Lead Timely Recovery of Global Luxury Watch Market
The Swiss watch market has had a hard time in recent years, in part thanks to a severe crackdown on bribery within the Chinese government and a rise in grey-market goods in the United States.
Read this on Jing Daily.
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4. Did Louis Vuitton Sponsor A Bunch Of September Issues?
There's no question that the business of print has become rather grim. Between layoffs, sales and straight-up closures, it's hard to run a magazine in 2018, let alone make one profitable.
Read this on Fashionista.
5. When Givenchy needs to sell a luxury handbag in China, they call Mr. Bags
Chinese consumers buy a full third of all the luxury goods sold across the globe. But they're getting sick of celebrity endorsements.
Read this on Vice News.
6. Michael Kors And Tapestry Earnings Once Again Prove The 'Paradox Of Luxury'
Michael Kors and Tapestry reported earnings this week and last. Both retailers reported good results. Perhaps partly a reflection of a robust economy, but also certainly the good news reflected changes in strategies that reverted back to the timeworn rules of luxury.
Read this on Forbes.
Cover image credit: Tiffany & Co. Instagram
Writer at Luxury Society
Before joining the editorial team at Luxury Society, Meaghan was based out of New York City writing for CBS New York and NBC Universal. A Washington-D.C. native, Meaghan also wrote for Washington Life Magazine while studying journalism at university. After moving to Switzerland in 2016, she went on to contribute to Metropolitan Magazine and CBS affiliates before joining the LS team.
