Richemont’s intention to acquire the Yoox Net-A-Porter Group will put it into competition with Amazon and luxury conglomerate LVMH.
Luxury brands made use of innovative new technology and old-fashioned marketing tactics to create some of the best campaigns of the year.
The Asia-Pacific region experienced the most growth out of any region in the world in 2017, primarily because of an increase in domestic luxury goods consumption in mainland China.
The Luxury Institute’s annual list of the “Top 10 Luxury Trends for 2018” found that millennials are opting for high-end services which provide experiences over purchasing luxury goods.
Gucci’s decision to go fur-free has triggered a snowball-effect in the luxury fashion industry. High-end brands are shifting towards more ethical and sustainable manufacturing practices.
