Group revenue: €9.9 billion, up 23% as reported and up 16% on a comparable basis. Kering’s financial result improved sharply in the first half of 2022. Group revenue in the first half of 2022 grew 23% as reported and 16% on a comparable basis compared to the first six months of 2021. Group revenue also … Read more
Coldwell Banker Real Estate LLC, a Realogy (NYSE: RLGY) brand, and the Coldwell Banker Global Luxury program released “The Report: 2022 Global Luxury Market Insights,” an in-depth analysis of emerging worldwide luxury real estate market trends, market growth opportunities and global wealth. Based on data from Wealth-X commissioned by Coldwell Banker Real Estate, the … Read more
Zegna’s first financial release as a publicly listed company confirms the luxury brand as a global leader in the luxury market. Zena’s focus on innovation and the strong customer response to the luxury brand’s luxury leisurewear, resulted in a preliminary full year revenues outpacing our previously disclosed Plan. For its Fiscal Year 2021, the Zegna … Read more
More consumers are forgoing the traditional brick-and-mortar experience for the convenience and increased options that come with shopping online. This means every brand needs to maximize its presence online with effective digital marketing strategies. In particular, luxury brands need individualized yet data-driven strategies to keep themselves at the front of the pack. To stay ahead … Read more
New Research Highlights Generational Shift In Attitudes Towards Provenance Of Luxury Goods. New research published this week in De Beers Group‘s latest Diamond Insight ‘Flash’ Report highlights that consumer attitudes towards provenance are changing as younger generations value ethics and sustainability assurances beyond simply knowing where a product originated. This new research by De … Read more
After a sharp contraction in 2020, the personal luxury goods market grew by 29% at current exchange rates to hit EUR 283 billion, increasing the size of the market by 1% versus 2019 levels. For the future, Bain & Company estimates that the personal luxury goods market could reach EUR 360-380 billion by 2025 with … Read more