The Boston Consulting Group.

Almost 70 percent of fashion and luxury companies struggle to hire creative directors. Study

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One of the biggest challenges facing luxury and fashion companies today is finding, developing, and retaining great creative and business talent, says “The Race for Talent: Fashion and Luxury’s Greatest Challenge for the Next Decade“, a new report published by The Boston Consulting Group (BCG) and The Business of Fashion. Almost 70 percent of fashion … Read more

Global luxury market to shift toward experiential luxury

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Global luxury market: Experiential luxury makes up almost 55 percent of total luxury spending worldwide   Experiences make luxury shoppers around the globe feel pampered. Experiences are in great demand. Yearly sales of deluxe experiences — from art auctions to spas to safaris — are growing 50 Percent faster than sales of high-end goods, says new report from The … Read more