Luxury Industry

Secondhand fashion site TheRealReal soars on Wall Street debut

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Shares rise more than 45% as investors are won over by US firm’s sustainability message

China continues to dominate the luxury scene, says Bain & Company’s report

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      The global personal luxury goods market reached a “new normal” pattern of growth, says Bain & Company’s report According to Bain & Company‘s new report, the future of the luxury industry is taking shape with a number of key characteristics, including Chinese Generation Z, access, ownership, sustainability and social responsibility, the impact … Read more

Farfetch’s rapid growth exceeds the growth of the online luxury industry

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    José Neves, Farfetch Founder, CEO and Co-Chair, announced that the global technology platform for the luxury fashion industry enjoyed excellent growth in first quarter 2019 with Platform GMV rising 44% to $415 million, or approximately 50% growth on a constant currency basis. The rapid growth of Farfetch exceeds the growth of the online … Read more

Harrods eyes massive online expansion via Farfetch global e-commerce platform

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  Harrods and Farfetch to work together to provide Harrods a global e-commerce platform. Achieving the highest level of customer service in a digital world can be difficult, which is why Harrods, one of the world’s most famous department stores, has chosen to partner with Farfetch, one of the leading global technology platforms for the luxury … Read more

Turning water into wine: how did simple H2O become a luxury commodity?

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From crystal infusions to water sommeliers and even bottling the frequency of rainbows, the top end of town has well and truly cashed in on the world’s most vital resource