Luxury Industry

A new blockchain-powered passport will cut down on environmental waste and ensure authenticity

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  From October 13, 2020, all new Breitling watches will be delivered with a blockchain-based digital passport, secured by Arianee technology, to ensure their authenticity and seamless accessibility. Breitling is the first luxury watch brand to extend digital blockchain technology to all of its watches. The digital passport is automatically connected to Breitling’s digital warranty … Read more

Burberry to cut 500 jobs worldwide in £55m cost-saving drive

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Plan, which includes 150 UK head office posts, comes as sales slump in Covid-19 crisis

What Will Happen to the Luxury Goods Industry After the Pandemic?

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    We’ve all heard stories about the Coronavirus pandemic, many of us may have even experienced this horrible virus, but you may not realize that luxury retail brands around the world are doing their part to help in the fight against it. LVMH has started producing hand sanitizer, Chanel’s factories are making face masks, … Read more

There will be a recovery for the luxury market but the industry will be profoundly transformed. Report.

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    The luxury industry faces a challenge like never before. The luxury market will face a difficult year ahead: Bain & Company expects that for the full year 2020, the market could contract between 20-35 percent, depending on the speed of the recovery. After falling by an estimated 25 percent in the first quarter … Read more

Fashion industry reels as coronavirus shuts shops and cancels orders

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Report warns 80% of firms face a highly uncertain future if stores close for two months

The impact of the virus on ecommerce and digital consumer behavior. Research

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  Industries with the biggest online traffic growth/decline due to Covid-19. New data from Contentsquare reveals the digital consumer trends driven by COVID-19. Online Jewelry, Fashion and Travel Industries Hit Hardest by Coronavirus. In the wake of the coronavirus, new research from experience analytics platform provider Contentsquare has revealed the impact of the virus on … Read more