Just as the Chinese government cracks down further on luxury spending at home, and more company results demonstrate a flattening of the local market causing fear and trauma in heritage luxury brands with major capex in Asia, enter Antonio Tajani, EU Vice-president and commissioner for industry, to attempt to stem the pain. Their hero! Mr Tajani, aka luxury’s friend in Brussels, has “an action plan on the competitiveness of the European fashion and high-end industries”. Or a kind-of action plan. A beginning action plan? A small movement plan? You know what I mean. The point is: there’s a plan. Read more
Though much has been made of the fact that the luxury sector, which has been on a rocket to the moon, growth-wise, is finally slowing –Bain predicts 4-6% for the next two years – a new “UK Luxury Benchmark Study” from Walpole, the British luxury consortium, and Ledbury Research, begs to differ, at least when it comes to the UK. It’s full of surprises! 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
There’s a new report out from Walpole, the British luxury consortium, and Ledbury, the British luxury consultancy, with a jaw-dropping discovery in it: Americans are the most important luxury shoppers in England! Who knew?
The revolt against Google’s democratic, do-gooding image continues apace, with the fashion world joining the privacy advocates in questioning the search company’s policies in a way that suggests Google may not be as concerned with the general welfare as with their own pocketbook. Read more