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
Every one of us is now reflecting on our core sustainability priorities. YOOX NET-A-PORTER GROUP, one of the world’s leaders in online luxury and fashion, donates London Premier Delivery fleet to deliver essential supplies to those in need during the coronavirus pandemic. The luxury online retail group hopes that the … Read more
High-end fashion website’s expected valuation nears value put on Marks & Spencer
It has a Chinese deal, a Condé Nast tie-up and has lured the founder of its biggest rival – but can it really change the luxury market?
The beauty, fine wines and spirits, and fine food segments all grew, reflecting a redirection of luxury spending away from goods and toward personal pampering and experiences. Last 12 months, the luxury consumption shifted away from goods and toward experiences such as travel and gastronomy, which grew faster than luxury goods by at least 5 … Read more
Net-a-Porter is adding beauty shopping outlet “Beauty: The Quintessential Edit” After expanding its business to publishing, the online luxury fashion retailer Net-A-Porter moves into the realm of beauty. Beside access to the hottest looks of the season from international cutting-edge labels, Net-A-Porter will offer hard-to-find brands and a selection of perfumes, high-end skin care, makeup, … Read more