Luxury’s Tightened Purse: Deloitte Data Reveals a ‘Cautious Class’ Leading the 18% Decline in Holiday Travel Budgets

The Affluent Paradox: Luxury Travel‘s New Landscape of Frugality and Focus The latest Deloitte 2025 Holiday Travel Survey presents a fascinating, almost paradoxical, snapshot of the premium travel market: a consumer base that is more intent on traveling than in recent years, yet is simultaneously demonstrating acute financial caution, particularly among the highest-spending segment. For … Read more

The Next Generation Of Collectible Car Enthusiasts is Here

If you thought the passion for classic cars was fading with the older generations, think again! There’s a fresh wave of car enthusiasts on the rise, and they’re bringing a vibrant new energy to the collector car scene. The next generation, spearheaded by Gen Z, isn’t just content with playing car video games or scrolling … Read more

The nouvelle vague of the luxury goods market will demand evolution amid disruption. Report

“The nouvelle vague – the new wave – of the luxury goods market will demand evolution amid disruption, adaptation amid uncertainty, and an expansion of creativity in all of the basics – all while new trends and concepts develop”, said Claudia D’Arpizio, a Bain & Company partner and leader of Bain’s Global Luxury Goods and … Read more

Luxury Pre-Owned Market Has Tripled in Size Since 2020, With No Signs of Slowing Down. Report.

Fashion resale is getting bigger and bigger. Driven by Gen-Z, Preowned Clothing is Expected to Make Up 27% of the Average Resale Buyer’s Closet By 2023. The estimated value of the apparel, footwear, and accessories resale market is between $100 and $120 billion worldwide, more than three times the size it was in 2020, according … Read more

Can Gen Z luxury customers have fun without visiting the real location? Bulgari reveals virtual world on Asia’s biggest metaverse platform

BVLGARI unveils “BVLGARI World”, a virtual world launched in collaboration with ZEPETO

“Bulgari Sunset in Jeju” on @Zepeto x @Bulgari

Italian luxury brand BVLGARI has an exclusive virtual world on ZEPETO, Asia’s biggest metaverse platform. This new virtual universe includes a pop-up store “BVLGARI SUNSET IN JEJU” and provides visitors with online and offline experiences.

BVLGARI unveils “BVLGARI World”, a virtual world launched in collaboration with ZEPETO.

The pop-up store and a café, physically located in Parnas Hotel Jeju are virtually created in BVLGARI ZEPETO World so visitors can experience and have fun without visiting the real location. BVLGARI ZEPETO World showcases 2022 BVLGARI Resort Collection inspired by the summer sky with hues of gold and warm apricot in Eden, and visitors can enjoy desserts and beverages at “BVLGARI SUNSET IN JEJU”, an epitome of the brand’s identity.

In particular, the virtual world has added some fun elements for its users. For instance, when visitors complete a quest, they will receive BVLGARI Resort Collection and signature accessory pieces and dress their avatars. Users can experience the brand by dressing their avatars with iconic B.zero1, Divas’ Dream and Serpenti collection pieces.

In addition, Blackpink Lisa, the brand’s global ambassador, hosted a virtual live event on August 31, which already received a lot of attention. Her avatar will enjoy various interactive experiences with fans on the virtual BVLGARI world including taking selfies.

ZEPETO, a metaverse platform run by Naver Z, has more than 320 million users in the world since its launch in August 2018. 80% of users are teenagers, as such, the platform is cementing its position as a popular playground for global generation Z in the era of metaverse.

@Zepeto x @Bulgari

 

How Salvatore Ferragamo wants to reach new, younger audiences online

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