Luxury Society’s selection of news articles that are not to be missed this week.
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What We’ve Read: LVMH Sends Positive Luxury Signal With Sales Beating Estimates
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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. LVMH Sends Positive Luxury Signal With Sales Beating Estimates
Bernard Arnault, Europe’s richest man, got another boost as LVMH shares reached a record due to better-than-expected sales of Louis Vuitton handbags and leather goods.
Read this on Bloomberg.
2. China’s Next Hot Travel Market: Customized Luxury Tours
Chinese tourists have been ditching group tours at a rapid pace, and custom-tour operators are reaping the benefits of this booming tourism industry segment.
Read this on Jing Daily.
3. Can the Birkin Bag Survive the Resale Market?
Off the wait list and into, yikes, the plebeian wilds of Instagram and the RealReal.
Read this on The New York Times.
4. Luxury E-commerce and the Path to Profitability
Seismic changes in advanced technology over the past few years have disrupted traditional consumer shopping patterns, creating an increasingly complex retail landscape and, with it, a shift toward luxury e-commerce.
Read this on WWD.
5. Rich millennials are creating new trends and status symbols
Rich millennials are giving the luxury world a facelift.
Read this on Business Insider.
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.
