#luxury-goods

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#china-economy

LVMH analysis: A buying opportunity despite deteriorating fundamentals - London Business News | Londonlovesbusiness.com

LVMH and other luxury companies face significant challenges due to economic conditions, particularly in the crucial Chinese market.

There's more to China's luxury spending slump than its struggling economy

Demand for luxury goods in mainland China is declining due to economic slowdown and changing consumer habits.

LVMH analysis: A buying opportunity despite deteriorating fundamentals - London Business News | Londonlovesbusiness.com

LVMH and other luxury companies face significant challenges due to economic conditions, particularly in the crucial Chinese market.

There's more to China's luxury spending slump than its struggling economy

Demand for luxury goods in mainland China is declining due to economic slowdown and changing consumer habits.
morechina-economy
#fashion

Pants from High Sport, Pleats Please & More Are Status Symbols

Pants have become a significant fashion statement, overshadowing handbags in the eyes of fashion enthusiasts.

High-End Fashion Dupes Are Soaring Where Knock-Offs Never Could

High-quality imitations of luxury products are increasingly popular as consumers seek better value, diluting the exclusivity of designer brands.

Is a $910 Fleece Actually Worth It?

The trend of luxurious high-end fleeces is on the rise in contemporary fashion.

I'm in the Market for a New Bottega Veneta Bag, so I Took 3 for a Test Run

Bottega Veneta is a go-to brand for quality, combining exquisite design, practical features, and customer-oriented repair services.

Pants from High Sport, Pleats Please & More Are Status Symbols

Pants have become a significant fashion statement, overshadowing handbags in the eyes of fashion enthusiasts.

High-End Fashion Dupes Are Soaring Where Knock-Offs Never Could

High-quality imitations of luxury products are increasingly popular as consumers seek better value, diluting the exclusivity of designer brands.

Is a $910 Fleece Actually Worth It?

The trend of luxurious high-end fleeces is on the rise in contemporary fashion.

I'm in the Market for a New Bottega Veneta Bag, so I Took 3 for a Test Run

Bottega Veneta is a go-to brand for quality, combining exquisite design, practical features, and customer-oriented repair services.
morefashion
#art-market

Leader Spotlight: Creating a seamless digital experience for luxury products, with Elizabeth Van Bergen - LogRocket Blog

Phillips created an omnichannel strategy to blend in-person and digital experiences for luxury art buyers, crucial for adapting to modern client needs.

What if luxury is art sellers' salvation, and not their sin

The merging of art and luxury retail is reshaping the market dynamics, presenting both opportunities and challenges for artists.

Leader Spotlight: Creating a seamless digital experience for luxury products, with Elizabeth Van Bergen - LogRocket Blog

Phillips created an omnichannel strategy to blend in-person and digital experiences for luxury art buyers, crucial for adapting to modern client needs.

What if luxury is art sellers' salvation, and not their sin

The merging of art and luxury retail is reshaping the market dynamics, presenting both opportunities and challenges for artists.
moreart-market

Forbidden luxury enters Russia from the south

Luxury goods sanctions on Russia are being circumvented through networks involving neighboring countries.
Western luxury products continue to reach Russian elites amidst sanctions despite initial store closures.
#fashion-industry

Luxury fortunes lose $58 billion as pandemic era splurge ends

The fortunes of France's billionaires in luxury and cosmetics have sharply declined after pandemic-era highs, facing reduced demand and increasing political pressure for higher taxes.
from www.nytimes.com
2 weeks ago

Arie Kopelman, Former President of Chanel Inc., Dies at 86

Kopelman transformed Chanel into a global luxury brand by blending marketing strategies with creative design.
from www.theguardian.com
2 weeks ago

Louis Vuitton owner LVMH reports surprise sales drop amid China slowdown

LVMH's unexpected third-quarter sales drop reflects challenges in the luxury goods market, particularly related to China's economic slowdown.

Luxury fortunes lose $58 billion as pandemic era splurge ends

The fortunes of France's billionaires in luxury and cosmetics have sharply declined after pandemic-era highs, facing reduced demand and increasing political pressure for higher taxes.

Arie Kopelman, Former President of Chanel Inc., Dies at 86

Kopelman transformed Chanel into a global luxury brand by blending marketing strategies with creative design.

Louis Vuitton owner LVMH reports surprise sales drop amid China slowdown

LVMH's unexpected third-quarter sales drop reflects challenges in the luxury goods market, particularly related to China's economic slowdown.
morefashion-industry
#e-commerce

The Watches of Switzerland Group Marks Its Centennial

Watches of Switzerland celebrates its centennial with remarkable growth, achieving $2 billion in revenues and expanding in the U.S. market since 2018.

Buying Time: How to Purchase a Watch for $1,500

Wristwatches have transitioned from necessities to luxury items fueled by the internet and a thriving enthusiast community.

The Watches of Switzerland Group Marks Its Centennial

Watches of Switzerland celebrates its centennial with remarkable growth, achieving $2 billion in revenues and expanding in the U.S. market since 2018.

Buying Time: How to Purchase a Watch for $1,500

Wristwatches have transitioned from necessities to luxury items fueled by the internet and a thriving enthusiast community.
moree-commerce

Watch Shapes Go From Round to

The Mirage watch by Sylvain Berneron features an asymmetric design and has experienced overwhelming demand, selling out until 2029.
#lvmh

It looks like the glory days of luxury are over for LVMH, at least for now

LVMH experienced a 3% decline in sales, primarily due to decreased luxury demand from Chinese consumers.

Bernard Arnault plummets down the list of world's richest men after a $54 billion collapse

Bernard Arnault's net worth dropped significantly due to LVMH's stock decline, making him the fifth richest person in the world.

This expensive luggage may be key to LVMH's future - here's how Rimowa's CEO plans to keep growing

Rimowa remains a standout in luxury luggage, blending heritage and modern expansion with a dedicated customer base.

LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout

Bernard Arnault's wealth has decreased significantly, dropping him to fourth place among the world's richest billionaires due to LVMH's stock slump.

This $1,400 luggage is the hottest quiet status symbol for celebrities and wealthy travelers. The more beat up it looks, the better.

Rimowa luggage symbolizes luxury and status, attracting consumers with its design and celebrity endorsements.

Bernard Arnault's wealth is slumping as the luxury boom falters

Bernard Arnault's wealth recently declined by around 20% due to decreased luxury goods demand, with LVMH reporting disappointing earnings.

It looks like the glory days of luxury are over for LVMH, at least for now

LVMH experienced a 3% decline in sales, primarily due to decreased luxury demand from Chinese consumers.

Bernard Arnault plummets down the list of world's richest men after a $54 billion collapse

Bernard Arnault's net worth dropped significantly due to LVMH's stock decline, making him the fifth richest person in the world.

This expensive luggage may be key to LVMH's future - here's how Rimowa's CEO plans to keep growing

Rimowa remains a standout in luxury luggage, blending heritage and modern expansion with a dedicated customer base.

LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout

Bernard Arnault's wealth has decreased significantly, dropping him to fourth place among the world's richest billionaires due to LVMH's stock slump.

This $1,400 luggage is the hottest quiet status symbol for celebrities and wealthy travelers. The more beat up it looks, the better.

Rimowa luggage symbolizes luxury and status, attracting consumers with its design and celebrity endorsements.

Bernard Arnault's wealth is slumping as the luxury boom falters

Bernard Arnault's wealth recently declined by around 20% due to decreased luxury goods demand, with LVMH reporting disappointing earnings.
morelvmh

Hermes and Dior goods will be safe from China's trade retaliation

Investor concerns have led to a decline in European luxury shares due to potential retaliation from China, but analysts deem targeting luxury goods unlikely.
#watches

Why You Should Engrave Your Watches

Watches may be bought for superficial reasons, but personal engraving can create deeper meaning.

How to Buy a Watch for Less Than $7,500

Great deals on watches under $7,500 are readily available, with increased quality and longevity compared to previous years.

An Albanian Brand Goes Into High-End Watchmaking

The Primordial Passion watch combines intricate art with high-end watchmaking, highlighting Albanian craftsmanship.

Why You Should Engrave Your Watches

Watches may be bought for superficial reasons, but personal engraving can create deeper meaning.

How to Buy a Watch for Less Than $7,500

Great deals on watches under $7,500 are readily available, with increased quality and longevity compared to previous years.

An Albanian Brand Goes Into High-End Watchmaking

The Primordial Passion watch combines intricate art with high-end watchmaking, highlighting Albanian craftsmanship.
morewatches

Globe-Trotter Celebrates 60 Years of 007 Goldfinger with Limited-Edition Collection | stupidDOPE

Globe-Trotter celebrates Goldfinger's 60th anniversary with a luxurious limited-edition collection, inspired by James Bond's iconic style and car.

Singapore demands luxury sellers do more after laundering fiasco

Singapore is urging high-value goods dealers to actively report suspicious customers to combat money laundering.

Trump Sells $100K Gold Watches on Same Day Melania Insists People Can't Afford Basic Necessities

Contrasting messages from Donald and Melania Trump on economic struggles and luxury products highlight a disconnect from the current economic realities.

Spirits giant Diageo unveils the 'world's lightest whisky glass bottle,' a step toward cost and energy savings for luxury liquor

Diageo launched the world's lightest whisky glass bottle, significantly reducing weight and carbon emissions while pushing luxury boundaries.
#consumer-behavior

The More This Rolex Costs, the More You Want It. Here's Why

Consumers desire luxury items more as prices rise, driven by social media influence and the allure of exclusivity.

Tell us: are you splurging on luxury goods you can ill afford?

People's spending habits on luxury goods and experiences are changing, influenced by various factors.

The More This Rolex Costs, the More You Want It. Here's Why

Consumers desire luxury items more as prices rise, driven by social media influence and the allure of exclusivity.

Tell us: are you splurging on luxury goods you can ill afford?

People's spending habits on luxury goods and experiences are changing, influenced by various factors.
moreconsumer-behavior

Billionaire Hermes dynasty is so rich it can afford to make distant Gen Z relatives overnight millionaires

Hermès has become increasingly valuable, with distant descendants now receiving significant wealth from share gifts due to the brand's soaring stock prices.

The Internet's Favorite Lamp Company Now Lets You Customize Colors-and Everything Else

The rise of additive manufacturing and 3D printing supports a new generation of makers while allowing for flexibility and customization in production processes.

These Viral Strawberries $6 Each, Are They Worth the Hefty Price?

Omakase strawberries are now more accessible after price drops, yet their cultivation involves complex processes that justify their former high costs.

The Latest From S.T. Dupont Is Perfect for Cigar and Watch Lovers

The resurgence of interest in mechanical watches reflects a blend of historical significance and innovative design in modern horology.

This Rare Wood Will Cost You $45,000 per Pound

Agarwood, a rare type of wood from endangered Aquilaria trees, is extremely expensive due to its high demand and slow natural production process.

These are the smartest handbags to buy as an investment, from Hermes to The Row

Handbags can be a profitable investment, often sold at significantly higher prices in the secondhand market.

A Project That Celebrates Collaboration and Cooperation

The complexity behind high-priced items often justifies their cost, reflecting extensive collaboration and time investment.

EXCLUSIVE: Balmain Appoints Bruna Scognamiglio as Chief Marketing Officer

Balmain appoints Bruna Scognamiglio as CMO to drive global marketing strategies and boost brand ambitions.

LVMH shares down as shoppers rein in spending on handbags and champagne

Luxury goods firms facing weak demand, especially for lower priced items, due to cost of living squeeze by higher interest rates.

Burberry profits slump by 40% as demand for luxury goods slows

Burberry's profits dropped by 40% due to decreased demand for luxury goods in Asia and the Americas.

Grinch Boys' Charged With Robbing Clubgoers to Fund Shopping Sprees

Manhattan prosecutors announce charges against four people known as the Grinch Boys who targeted intoxicated clubgoers and stole their credit cards and phones.
The group made over $400,000 worth of luxury goods purchases using the stolen cards and phones from October 2022 to August 2023.

The art market & luxury goods outperform the FTSE 100

Luxury goods and the fine art market have outperformed the FTSE 100 and prime central London property markets over the past year.
The art market has seen a significant surge, with a 30% increase in prices, while the FTSE 100 index only climbed 5%.
#luxury goods

The AlleyWatch Startup Daily Funding Report: 11/27/2023

Air Company has raised $30.4M in funding for its carbon capture technology.
Osiris Exchange has raised $3.3M in funding for its luxury goods and collecting business.

Amazon Has 79 Pages of Designer Buys On Sale For Black Friday-See the 26 Best

Amazon is offering discounted luxury goods for Black Friday, including their own designer brands and secondhand designer bags.
This is a rare opportunity to find luxury items on sale, making it a great time to treat yourself.

The AlleyWatch Startup Daily Funding Report: 11/27/2023

Air Company has raised $30.4M in funding for its carbon capture technology.
Osiris Exchange has raised $3.3M in funding for its luxury goods and collecting business.

Amazon Has 79 Pages of Designer Buys On Sale For Black Friday-See the 26 Best

Amazon is offering discounted luxury goods for Black Friday, including their own designer brands and secondhand designer bags.
This is a rare opportunity to find luxury items on sale, making it a great time to treat yourself.
moreluxury goods

Can Global Brands See Beyond Bollywood in India?

Indian consumers spent $8 billion on luxury goods in 2022 and that figure is projected to triple by 2030.
Celebrity marketing partnerships in India's luxury industry are growing, with brands enlisting Bollywood stars to reach South Asian consumers.
Brands need to look beyond traditional socialites and celebrities to stand out and consider influencers who are shaping culture.
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