The luxury industry this past week has continued to grapple with the economic and consumer shifts that have defined the year, but with some notable brand-specific highlights and developments. The overarching theme remains a market slowdown, particularly in key Western markets, but with some brands and regions showing resilience. Key Financial and Market Insights Mixed … Read more
The 9th edition of VivaTech, Europe’s largest startup and technology gathering held in Paris in June 2025, served as a potent crucible for innovation, offering both glimpses into the future and tangible solutions for the present. For the luxury industry, the event underscored a profound shift: technology is no longer an auxiliary tool but an … Read more
The gilded gates of luxury are swinging open once again, this time to welcome Louis Vuitton into the realm of high-end makeup. The French fashion powerhouse has announced the launch of its first-ever beauty collection, La Beauté Louis Vuitton, set to debut in Fall 2025. And in a move that feels as inevitable as it … Read more
Luxury’s Latest Moves: A Roundup of Glitz, Innovation, and Influence. From Assouline’s literary foray in Saudi Arabia to Baccarat’s fiery elemental designs, the luxury industry is a masterclass in adaptability. With sustainability, cultural collaborations, and digital transformation at the forefront, these developments not only reflect changing consumer values but also shape the future of luxury … Read more
20 luxury industry news stories from Fall 2024: When the Rich Tighten Their Belts, It’s Designer Leather. The luxury goods sector faced a challenging Fall 2024, marked by a 2% decline in global sales—one of the weakest performances on record—driven by price increases and economic uncertainties that reduced the customer base. Despite this downturn, certain … Read more
Hermès Is Defying the Luxury Slump with Classic Resilience — and Just a Glitch in Watches. While much of the luxury world seems to be catching a chill, Hermès stands as the exception, radiating steady growth as it resists the industry slowdown. Its latest financial results reveal a brand that isn’t just immune to the … Read more