Dolce & Gabbana is taking a theatrical approach to its festive campaign, expanding on its previously-aired animated avatars with stop motion tech showing its founders dancing and singing as they celebrate its products.
The luxury label has poached its new deputy general manager, US executive Siddhartha Shukla, from premium label Theory, where Shukla was chief brand officer. He replaces Arnaud Bazin, who joined Lanvin last year.
The iconic French fashion house opened a new boutique in Miami’s Design District on Thursday, revealing a two-floor couture destination designed by architect and longtime brand collaborator Peter Marino.
Following a challenging year, Deloitte’s latest Global Powers of Luxury Goods report shows that the revenues generated by the world’s top 100 luxury companies dropped from $281 billion in 2019 to $252 billion in 2020.
The luxury resale marketplace announced on Thursday that gross merchandise value on its platform totaled approximately $146 million in November, with growth driven by shopping holidays such as Black Friday.
Luxury goods companies Hermes and Richemont won promotion on Wednesday to the blue-chip Euro STOXX 50 equity index, which could increase investment funds' demand for the stocks that have hit all-time highs.
According to a new report from McKinsey, exploring the rapidly growing resale market not only opens a new revenue stream for luxury labels but could also have a positive effect on brand loyalty and desirability.
By 2025, 70% of luxury consumers will be aged below 40, forcing labels to revise their approach and values, broadening them to include more culture-based elements, according to the latest study by Bain & Co.
Nordstrom Inc said labor costs pinched its quarterly profit and warned of product shortages at its off-price stores heading into the holiday season, sending its shares down 23% in extended trading on Tuesday.