Luxury Society’s selection of news articles that are not to be missed this week.
What We’ve Read: Half Of Luxury Shoppers Are Discount-Oriented
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. Why Nick Hayek Pulled The Swatch Group Out Of Baselworld
A frustrated Hayek issues a scathing indictment of Baselworld management. Baselworld disputes his account.
Read this on Hodinkee.
2. LVMH's Excellent Earnings Report Raises Hopes For The Future
LVMH recently issued its second quarter 2018 report. Revenues increased 10% to €21.8 billion in the first half of 2018 compared to the same period in 2018.
Read this on Forbes.
3. Burberry Rebrands Under Riccardo Tisci
A new logo and monogram are being unveiled as part of the British brand’s new identity under chief creative officer Riccardo Tisci.
Read this on Business of Fashion.
4. Half of luxury shoppers are discount-oriented: YouGov
Despite some deep pockets, global luxury shoppers are evenly split in their purchasing habits, with a new YouGov report finding that half only buy luxury items at a discount.
Read this on Luxury Daily.
5. Chinese E-Commerce Giants Battle for Luxury Supremacy
Alibaba’s Luxury Pavilion and JD.com’s Toplife are going head-to-head, but which of these specialised platforms is a better partner for luxury brands?
Read this on Business of Fashion.
Cover image credit: Free Photos CC/Pexels
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.