
Digital transformation, changing consumer behaviour and fierce competition for the best retail locations are driving up costs in the luxury industry according to a study published by the American analytics firm.
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Digital transformation, changing consumer behaviour and fierce competition for the best retail locations are driving up costs in the luxury industry according to a study published by the American analytics firm.
The day after the luxury group announced that it will pay a record fine of 1.25 billion euros to Italian tax authorities, shares in the company rose 1%, reflecting a certain confidence as this chapter draws to a close.
The Swiss watch industry faces an increased threat from a new Apple Watch able to detect heart problems that is likely to appeal to older shoppers, industry experts said on Thursday.
The luxury market in Japan is thriving again, driven by the return of Chinese tourists, the renewed growth of domestic consumption and the dynamism of labels active in couture streetwear.
With an audience full of rappers and influencers, Virgil Abloh's first show for Louis Vuitton turned heads in Paris – it also confirmed a new strategy for the label, with two designers targeting quite different markets.
This week, Ferragamo lost its head of marketing and communications Antonio Burrello, who had been hired in January 2017 by former CEO Eraldo Poletto, who himself left in March to run Stuart Weitzman.
Italian fashion house Gucci said on Thursday it aims to reach 10 billion euros in annual sales and replace LVMH’s Louis Vuitton as the world’s biggest luxury label.
Richemont has launched a new watch brand, Baume, offering trendy time pieces priced in the hundreds rather than the thousands of dollars to lure young people away from using their smartphones to tell the time.
Hermès has overtaken Kering in terms of market capitalization on the Paris Bourse, even though its annual sales are less than one third of those of the giant luxury conglomerate.
The operation would be consistent with the Swiss luxury group’s reorganisation, Piquadro would grow in size and influence and the French handbag brand could exploit new growth opportunities.