Search results for: “luxury customer”
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The Covid effect: Luxury brands took a hit with all but one brand value falling between 1-9%
The 2020 Best Global Brands ranking also saw the ‘Covid effect’. These are the brands that have fared best in 2020 Best Global Brands ranking. These brands, says Interbrand, can help us lift our heads, make sense of chaos, and see beyond it. Amid a global pandemic with its significant impact on business…
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Luxury Brands Benefit from a Healthy and Thriving Luxury Secondhand Market. Survey
A Thriving Luxury Secondhand Market Drives Sustainable Consumption. The Consumers Behind Fashion’s Growing Secondhand Market Survey Sustainability, one of the ways luxury brands can benefit from the growing resale market, says a new survey by Vestiaire Collective x BCG. Vestiaire Collective, the leading global community platform for desirable preowned fashion, and Boston Consulting…
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Watches & Wonders partners with luxury online retailer – a significant moment for the watchmaking industry
A new channel for Fine Watchmaking: The arrival of Watches & Wonders on NET-A-PORTER and MR PORTER luxury retailers marks a significant step for the industry, Net-A-Porter and MR PORTER launched strategic partnership with Watches and Wonders Geneva. Hosting digital and offline events, this concept will bring some of the industry’s most revered luxury watch…
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Karma Automotive announces its first-ever battery electric BEV luxury sedan
Karma’s first ever all-electric variant to debut in 2021. Karma Automotive is introducing a new name for a family of vehicles in 2021 called the GS Series. The lineup will include updated electrification options, technological advancements and Karma’s first-ever battery electric (BEV) luxury sedan. New family of sedans to wear the Karma GS badge…
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The Top Trends in The Luxury Goods Market in 2020
2020 has been a difficult year for many industries, but the luxury goods industry was among the hardest hit by market volatility and changes in customer behavior. As a well-established industry, players in the luxury goods market are not always the quickest to adapt either. Nevertheless, there are trends forming in the luxury goods…