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 … Read more
One of the biggest challenges facing luxury and fashion companies today is finding, developing, and retaining great creative and business talent, says “The Race for Talent: Fashion and Luxury’s Greatest Challenge for the Next Decade“, a new report published by The Boston Consulting Group (BCG) and The Business of Fashion. Almost 70 percent of fashion … Read more
Gourmet dining, private flights, bespoke safaris, slimming clinics and art auctions emerging as top status symbols
How thoroughly are businesses addressing sustainability issues? Companies have largely accepted the importance of addressing sustainability issues, yet a large gap persists in translating that awareness into action. So says a new global study by MIT Sloan Management Review (MIT SMR) and The Boston Consulting Group (BCG). The study titled “Sustainability’s Next Frontier: Walking the … Read more
Global luxury market: Experiential luxury makes up almost 55 percent of total luxury spending worldwide Experiences make luxury shoppers around the globe feel pampered. Experiences are in great demand. Yearly sales of deluxe experiences — from art auctions to spas to safaris — are growing 50 Percent faster than sales of high-end goods, says new report from The … Read more