The Future of Customers and Consumers predictions for 2022 from International Data Corporation (IDC) show that technology will be the cornerstone of brands that try to reestablish relationships with customers and consumers in a new version of the physical and digital world. Organizations that focus on resiliency in systems, processes, and business models that influence … Read more
The key trends impacting the business of cocktails in 2022. Local Loyal, Spice Seeking, Mindful Mixologists – These Are the Spirits Consumers of 2022, According to the Annual Bacardi Cocktail Trends Report. The third annual Bacardi Cocktail Trends Report spotlights the macro-trends defining how, what, where, and why consumers are sipping spirits in 2022. … Read more
New Research Highlights Generational Shift In Attitudes Towards Provenance Of Luxury Goods. New research published this week in De Beers Group‘s latest Diamond Insight ‘Flash’ Report highlights that consumer attitudes towards provenance are changing as younger generations value ethics and sustainability assurances beyond simply knowing where a product originated. This new research by De … Read more
Farfetch Confirms Discussions With Richemont Farfetch Limited, the leading global platform for the luxury fashion industry, confirms that they are in discussions with Richemont in relation to a potential expansion of their existing Luxury New Retail strategic partnership. The parties are discussing a number of possible options, including the leveraging of Farfetch Platform Solutions … Read more
After a sharp contraction in 2020, the personal luxury goods market grew by 29% at current exchange rates to hit EUR 283 billion, increasing the size of the market by 1% versus 2019 levels. For the future, Bain & Company estimates that the personal luxury goods market could reach EUR 360-380 billion by 2025 with … Read more
Looking to research and book a luxury cruise vacation? U.S. News found the cruise lines that consistently land on top. Luxury cruise lines have long enticed travelers seeking a superior experience. U.S. News & World Report, publisher of Best Hotels, Best Vacations and Best Travel Rewards Programs, announced the 2022 Best Cruise Lines rankings,designed … Read more