e-commerce

How Salvatore Ferragamo wants to reach new, younger audiences online

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FARFETCH AND SALVATORE FERRAGAMO ANNOUNCE GLOBAL STRATEGIC PARTNERSHIP. Salvatore Ferragamo creates new engaging shopping experiences in conversation with a global Millennial and Gen Z luxury audience. Farfetch, the leading global platform for the luxury fashion industry, and Salvatore Ferragamo, a leader in the luxury fashion industry, announced a global strategic partnership. The commercial deal will … Read more

Discretionary spending continued to drive growth across fashion-forward sectors. Report

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Mastercard SpendingPulse: U.S. Retail Sales in June Reflect Rising Prices for Essentials, Continued Leisure Spending. According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. consumer retail spending excluding automotive increased +9.5% year-over-year (YOY) in June, while retail sales excluding auto and gas rose +6.1% YOY. Rising prices—particularly … Read more

Global Platform For Luxury Fashion Industry Confirms Discussions With Richemont

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  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

The biggest luxury group is betting on livestreaming shopping

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    New shoppable livestreams capability empowers luxury retailers to grow audience while retaining ownership of the high-end customer journey. Bambuser Signs Master Agreement with LVMH Following Initial Pilot Activations and LVMH Innovation Award. Bambuser, a software company specializing in interactive live video streaming, announced it has entered into a long-term master agreement with LVMH … Read more

Moët Hennessy and Campari are building a premium Wines & Spirits e-commerce

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Moët Hennessy and Campari Group form of a 50/50 joint venture and intend to build a premium pan-European e-commerce player. Moët Hennessy and Campari Group announced the formation of a 50/50 joint venture (JV) with the purpose of investing in Wines & Spirits e-commerce companies and build a European e-commerce pure player in this growing … Read more

Annual Results: L’Oréal Luxe Division outperformed the market, especially in skincare

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    L’Oréal Group announced it accelerates growth in the fourth quarter, reinforces its market shares, and preserves its profitability at 18.6%. In 2020, the Covid-19 pandemic triggered a crisis of supply due to the widespread closure of points of sale which led to an unprecedented, if temporary, decline of the beauty market. “Throughout the … Read more