The ECCIA, that odd-acronym’d unified lobbying association for the luxury groups of Europe, just released a new survey about the perception of luxury in Europe, and guess what? Despite Francois Hollande’s tax-the-rich scheme, and other austerity measures, it’s a lot better than you think! In fact, 75% of people surveyed LOVE luxury. To understand why that number is a big deal, know this: it has tripled in three years. Why?
I wonder what the luxury world makes of the new French initiative to protect its culture in the digital age by imposing a tax on sales of tablets, smart phones, etc? They, after all, (the luxury folks, that is) have been promoting themselves as a “cultural industry” for the last few years. I mean, the name of their pan-European lobbying group is the European Cultural and Creative Industries Alliance. In case you missed it somehow. Yet as far as I know they don’t benefit from any protectionist legislation, in France anyway. Read more
Forget art collaborations – they’re so yesterday. Mobile phones, ditto. These days, it seems, the must-have accessory for a luxury brand (not, note, a luxury consumer) is a gig creating costumes for the ballet. It’s the newest stamp of high-art approval. The latest to join the club: Givenchy’s Riccardo Tisci. So what does it mean? Read more
Today two different reports were issued on the state of the luxury industry that read together suggest something kind of significant may be about to occur in the relationship of the luxury industry to the countries where it resides. Read more