LVMH’s “Young Fashion Designer of the Year” award will have 40 of fashion’s biggest names listed as experts, announced the luxury giant. The team will be working as a panel of experts whittling down the final 30 successful LVMH Prize applicants. The 40 experts include founder & executive Chairman of Net-a-Porter Natalie Massenet, supermodel and Givenchy … Read more
A new luxury hotel for cats is due to open next month, but it’s not the first business to offer five-star hospitality for felines
The 4th annual Fashion 2.0 Awards, the awards celebrating online innovation by fashion brands, announced its 2013 nominees and the opening of the online voting. Fans can nominate and vote for their favorite brands. This year award categories include: Best Twitter | Best Facebook | Best Pinterest | Best Blog by a Fashion Brand | … Read more
Richemont acquired Varin-Etampage and Varinor (‘VVSA’) Richemont, the Swiss luxury goods group, has acquired 100 % of the capital of VVSA in a private transaction with the shareholder group. Based in Delémont since 1962, VVSA is a high-end manufacturer of stamped exterior components for watches, gold refiner and producer of semi-finished precious metal products destined … Read more
Luxury Brands Move into Chinese E-Commerce Space Salvatore Ferragamo is the latest luxury brand to move into Chinese E-Commerce following moves by other retailers such as Net-A-Porter, Yoox, Zara, Armani, and Coach. Luxury house’s sales in China grew 36% first quarter of 2012.In 2011, online retail generated about $121 billion in sales. Ferragamo‘s online retail … Read more
2012 Luxury Online Experience Index (LOEI) survey Wealthy shoppers with minimum annual income of $150,000 rated the online experience at websites of 10 traditional luxury retailers and 16 online-only retailers in the 2012 Luxury Online Experience Index (LOEI) survey by the independent New York-based Luxury Institute. LOEI scores include evaluations of a site’s navigation, … Read more