By Philippe Mihailovich A New Era of Nouveaux ‘Nobles’? We are currently witnessing the emergence of a new era that is already changing our world forever. Luxury houses are constantly in search of meaningful, ethical and sustainable solutions to petrochemically-derived materials that may end up in wastefills. Do bio-based alternatives to fossil fuel disaster offer … Read more
Global luxury market projected to reach €1.5 trillion in 2023, a new record for the sector, as consumers seek luxury experiences. The global luxury market is projected to reach €1.5 trillion in 2023, an 8-10% growth over 2022, setting a new record for the industry and proving its unparalleled resilience. These are among the findings … Read more
The travel retail and duty-free market are on an impressive trajectory of growth, fueled by the allure of luxury goods and the increasing wanderlust of global travelers. According to the “Travel Retail & Duty-Free Market by Product, and by Distribution Channel – Global Opportunity Analysis and Industry Forecast, 2023-2030″ report by ResearchAndMarkets.com, this market is … Read more
Dolce&Gabbana Debuts First Boutique Solely Dedicated To Fine Jewellery and Timepieces. In the heart of Milan’s fashion district Dolce&Gabbana open a new chapter dedicated to the brand’s treasures. Dolce&Gabbana, one of the leading luxury fashion houses, has taken a bold step into the world of fine jewelry and timepieces with the opening of its first … Read more
The Estée Lauder Companies Completes Acquisition of the Tom Ford Brand. The Estée Lauder Companies Inc. has completed its acquisition of the TOM FORD brand and is now the sole owner of the TOM FORD brand and all its intellectual property. ELC’s stewardship and its licenses with Ermenegildo Zegna N.V. (Zegna Group) and Marcolin Group … Read more
Luxury brands Can Leverage Chat GPT (Generative Pre-trained Transformer) For Their Growth. Chat GPT can help premium and luxury brands grow by providing personalized customer service, brand storytelling, product recommendations, customer engagement, and brand reputation management. Personalized Customer Service: Chatbots powered by Chat GPT can offer personalized customer service to luxury and premium brand customers. … Read more