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Luxury industry news, covering topics in business, law, beauty, apparel, technology, e-commerce, brick-and-mortar and fashion.
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Over the past two years, the luxury industry’s customer base has contracted by approximately 50 million consumers, shrinking from 400 million to around 350 million by the end of 2024. Younger shoppers, particularly Generation Z, show declining brand advocacy and…
Gucci has reclaimed its position as the most successful luxury brand on Douyin, China’s popular short video app, surpassing Ralph Lauren. According to a Statista report, during the week from February 23 to March 1, 2025, Gucci achieved over 226,000…
Rebag, the leading luxury resale platform, is accelerating its brick-and-mortar growth by opening two new outlet stores in 2025. Reinforcing its omnichannel strategy amid a booming luxury resale market projected to reach $38.32 billion this year. New Outlet Location and Strategic…
Louis Vuitton has unveiled its groundbreaking entry into the cosmetics world with La Beauté Louis Vuitton, a luxury makeup line set to debut in Fall 2025. Leading this venture as Creative Director of Cosmetics is Dame Pat McGrath, the British makeup icon and…
The luxury ski apparel industry is experiencing a remarkable surge, driven by a growing passion for skiing as a recreational activity and an increasing preference for high-quality, durable, and technologically advanced attire. Amid this booming market, Perfect Moment, the high-performance luxury…
The allure of the digital world is unmistakable, and as the metaverse increasingly seeps into mainstream consciousness via gaming, NFTs, and AR/VR technologies, a fascinating trend is emerging. A recent report by Statista in collaboration with BoF Insights highlights a…
Starting a business from the comfort of your home might seem daunting, but for 28-year-old Jenny Lei, it became a journey of resilience and growth. In a recent feature by CNBC News, Lei shares her inspiring story of transforming a…
As we navigate through 2024, the jewelry market continues demonstrating dynamic trends and consumer preferences. This year, specific jewelry categories have emerged as top sellers, driven by a mix of timeless appeal and modern innovation. The U.S. jewelry market is…
Hermès has established itself as a formidable player in the luxury market, achieving remarkable growth even as competitors like LVMH and Gucci face declines. The brand’s unique strategy of maintaining high demand while limiting supply has allowed it to thrive…
The luxury market in China, once a booming sector for European brands, is now facing a significant downturn. Despite expectations of a resurgence following the lifting of strict Covid restrictions, luxury spending in China has not only failed to rebound…