Consumers are more careful in choosing sustainable products that respect the environment and animals. Prada Group declares itself fur-free starting from next year’s women’s collections. The Prada Group, one of the global leaders in the luxury goods industry, has announced that it will no longer use animal fur in its designs or new … Read more
José Neves, Farfetch Founder, CEO and Co-Chair, announced that the global technology platform for the luxury fashion industry enjoyed excellent growth in first quarter 2019 with Platform GMV rising 44% to $415 million, or approximately 50% growth on a constant currency basis. The rapid growth of Farfetch exceeds the growth of the online … Read more
Luxury brands are becoming more relatable and responsible, says BrandZ Top 75 Most Valuable Global Retail Brands ranking and report. Innovative use of technology such as artificial intelligence and data analytics has helped e-commerce deliver numerous human benefits, fuelling a 33% growth in brand value for the most powerful players in retail, … Read more
Top ranking luxury department stores in the world – a window into what retail reinvention should look like. Sybarite and analyst GlobalData have partnered again to identify the most unique and productive luxury department stores inthe world. Harrods named as world’s best performing luxury department store, says the 2019 research. Harrods, SKP, Le Bon Marché, … Read more
Mike Ashley plans for branches to be renamed Frasers and stock designer labels
72% of high-end travelers prefer to spend their money on experiences rather than material things. These new luxury hotels and hospitality offers are united by exceptional design and experiences across dining, fitness, wellness and sustainability. Both American and Canadian travelers paid quite a bit less to enjoy four-star and five-star accommodations in 2018, … Read more