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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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As we step into 2024, discerning consumers are increasingly seeking out brands that offer an understated elegance, brands that don’t shout for attention but rather whisper their pedigree. These are the quiet luxury brands – offering high-quality, luxurious products and…
Luxury brands are companies that sell high-end, premium products and services that are perceived by consumers as being of superior quality and craftsmanship. These brands target affluent customers and price their products significantly higher than mainstream brands. Luxury brands build…
Italian luxury fashion house Prada has purchased the building housing its flagship store on New York City’s prestigious Fifth Avenue. The transaction, valued at $425 million, was a landmark deal from leasing to ownership for the renowned brand. Prada‘s decision…
A mountain of unsold inventory is a multifaceted issue facing high-end luxury retailers this holiday season. Retailers and brands alike grapple with the issue of unsold inventory, balancing financial considerations with brand reputation and environmental impact. The critical problem stems…
Are you a student, recent graduate, or early career professional with a passion for retail and luxury? The INSIDE LVMH Certificate is your gateway to understanding the opulent world of LVMH and its 75+ Maisons. This unique program, launched in…
Cartier, the renowned luxury brand, is delighted to unveil its latest boutique on November 18, 2023. This new addition to Cartier’s global presence is situated at 102 Greene Street in the vibrant SoHo district of New York City. The opening…
Black Friday 2023 is shaping up to be an extraordinary event for luxury fashion lovers, with many pre-loved treasures awaiting discerning shoppers. This year, Amazon’s Luxury Stores, in collaboration with the esteemed What Goes Around Comes Around (WGACA), are offering…
Rebag has announced a multifaceted partnership with thredUP, one of the largest online resale platforms, marking a significant step towards a more sustainable future for fashion. Rebag is known for its curated collection of high-end accessories, including handbags, fine jewelry,…
The luxury goods market is witnessing a consumer shift in shopper demographics due to the driving force of Millennials, and Generation Z. These younger consumers are not just participating in the luxury market; they are reshaping it. According to Bain…
Farfetch, a UK-based online luxury fashion retailer, has carved out a niche in the global e-commerce market. The company’s popularity among shoppers can be attributed to several factors. As of the first quarter of 2023, Farfetch had a record 3.9…