The premium and luxury sector continues to demonstrate a fascinating blend of resilience, tectonic shifts in geographical focus, and a deep embrace of experiential technology. This past week’s headlines illustrate a market that is simultaneously grappling with a more frugal high-net-worth consumer and rapidly expanding its presence into new cultural and digital frontiers, from Mexico … Read more
The luxury sector finds itself in a dynamic state of reinvention. Marked by audacious collaborations, a resurgence of heritage-driven storytelling, cautious responses to economic headwinds, and increasingly discerning global consumers, the industry is at a crossroads. The latest wave of developments—from fashion and hospitality to mobility and tech—paints a vivid picture of both resilience and … Read more
The State of London Luxury Report indicates the vast stabilisation of the luxury sector in the UK post-pandemic. Walpole’s The State of London Luxury report 2023, produced in association with Cadogan, delves into London’s position as a global luxury capital. Walpole, the sector body for British luxury brands, has published its inaugural State of London … Read more
Luxury companies are uniquely positioned to help create a better world, say Comité Colbert x BCG. To understand what lies ahead for the luxury industry, Boston Consulting Group (BCG) partnered with Comité Colbert, the France’s luxury authority, to survey luxury sector consumers and interview numerous experts and leaders across the space. The companies identified five … Read more
This new solution will provide complete transparency on luxury jewelry sourcing history Jewelry houses have the ability to implement a traceability solution based on blockchain technology. Aura Blockhain Consortium partners with Sarine Technologies Prada Group, founding member of Aura Blockchain Consortium, announces the integration of Sarine’s Diamond Journey, a worldwide leader in the development, manufacturing, … Read more
Gucci retains the top position as Italy’s most valuable brand for the third year. Despite a turbulent year, and the threat of a lasting economic recession, the Kantar BrandZ Most Valuable Italian Brands ranking has risen by 11%, to reach a total brand value of $114.6 billion. Gucci retains the top position as … Read more