Luxury Daily

Strategy

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Day’s wrap: Richemont, Emirates, Ferrari and Macy’s

Luxury Daily’s live news: Richemont launches global theft prevention database in fight against luxury jewelry loss; Emirates host cabin crew, ground staff trainings for World Autism Day; Ferrari supports Italian youth with latest iteration of reforestation project; Macy’s CEO announces succession plan after four decades with department store.

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Strategy
Subscribe now: Full access to 90,000+ articles, reports, videos and images

We invite you to subscribe to Luxury Daily and join the ranks of the smartest luxury marketers worldwide. Our subscribers include decision-makers and executives from the world’s leading luxury brands, retailers, agencies, publishers, market researchers, universities and consultancies.

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News briefs
HNWIs and the US economy, Fendi, The RealReal and Lexus

Luxury Daily’s live news: HNW investors will stay the course, for now, survey finds; Fendi refurbishes rooms in Villa Medici with help from international designers; The RealReal adds new customer service features powered by Salesforce; US News lends Lexus ‘Best Luxury Hybrid’ title for 2023.

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Retail
What Alibaba Group’s big breakup means for retail and luxury

The reasons for the shake-up include making individual businesses run smoother and speeding up decision-making, while also easing pressure on the group’s founder, Jack Ma — despite his having retired from the company in 2019.

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News briefs
Day’s wrap: HNWIs and the US economy, Fendi, The RealReal and Lexus

Luxury Daily’s live news: HNW investors will stay the course, for now, survey finds; Fendi refurbishes rooms in Villa Medici with help from international designers; The RealReal adds new customer service features powered by Salesforce; US News lends Lexus ‘Best Luxury Hybrid’ title for 2023.

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Automotive
US News lends Lexus ‘Best Luxury Hybrid’ title for 2023

Toyota Corp.’s Lexus has topped yet another best-of list.

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Research
HNW investors will stay the course, for now, survey finds

The top-income earners’ lifestyles are generally shielded from the economy’s ups and downs, yet their financial status – their wealth – is not.

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Retail
The RealReal adds new customer service features powered by Salesforce

Luxury resale platform The RealReal has added several new dimensions to its customer and seller service platform, further enhancing personalization in an effort to create a seamless retail experience.

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Home furnishings
Fendi refurbishes rooms in Villa Medici with help from international designers

Italian fashion house Fendi has given a contemporary new look to a famous 17th-century palazzo in its native Rome.

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Apparel and accessories
Dior brings archival print up to date in digital release

New content traces Monsieur Dior’s “Plan de Paris” map sketches through time, as cutting-edge technologies aid in the production of an updated pattern.

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Research
Mauritius projected for 75pc wealth growth over next decade: report

According to Henley & Partners’ Africa Wealth Report 2023, the continent’s millionaire population is expected to rise by 42 percent in the next 10 years.

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Software and technology
Hugo Boss looks to the future with Metaverse Fashion Week activation

Through virtual gamification and engaging storytelling, the brand is showing off the value that artificial intelligence offers online shoppers.

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Apparel and accessories
Dolce & Gabbana drop UAE-exclusive capsule

Arriving during Ramadan, an attempt to fuse house codes and Arabian influences has culminated in a ready-to-wear collection featuring hijabi women in bold hues.

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Strategy
Subscribe now: Full access to 90,000+ articles, reports, videos and images

We invite you to subscribe to Luxury Daily and join the ranks of the smartest luxury marketers worldwide. Our subscribers include decision-makers and executives from the world’s leading luxury brands, retailers, agencies, publishers, market researchers, universities and consultancies.

Share on FacebookShare on LinkedInShare on Twitter
News briefs
Veuve Clicquot, Cartier, Zegna and Fashion Institute of Technology

Luxury Daily’s live news: Veuve Clicquot sets sail on inaugural journey along the Baltic Sea; Cartier invites public behind the scenes as part of European heritage event; Zegna names Emmy-nominated actor as global ambassador to its luxury leisure shoe line; FIT shines spotlight on Latinx designers in latest fashion retrospective.

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Retail
Brand new or preloved? Gen Z drives surprising boom in second-hand luxury in China

From Gucci to Coach, luxury brands are foraying into the second-hand market to cater to the shifting demands of young shoppers.

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News briefs
Day’s wrap: Veuve Clicquot, Cartier, Zegna and Fashion Institute of Technology

Luxury Daily’s live news: Veuve Clicquot sets sail on inaugural journey along the Baltic Sea; Cartier invites public behind the scenes as part of European heritage event; Zegna names Emmy-nominated actor as global ambassador to its luxury leisure shoe line; FIT shines spotlight on Latinx designers in latest fashion retrospective.

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Food and beverage
Veuve Clicquot sets sail on inaugural journey along the Baltic Sea

LVMH-owned Champagne maker Veuve Clicquot is inviting visitors on a journey of discovery that reaches the depths of the ocean.

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Arts and entertainment
FIT shines spotlight on Latinx designers in latest fashion retrospective

The Museum at the Fashion Institute of Technology is spotlighting the contributions made by Latin American and Latinx designers to contemporary fashion.

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QUOTE OF THE DAY
HNW investors will stay the course for now, survey finds
By

A majority of affluent consumers are signaling that they will maintain their current levels of luxury spending, and one-fourth even said they expected it to increase over the next 12 months.

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How to focus your influencer strategy on Chinese revenge buying
By

Now that China has lifted the remaining COVID restrictions and reopened its borders, we may see another wave of revenge buying drive global luxury sales, and influencers will be in the driver’s seat.

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Could Silicon Valley Bank’s collapse affect luxury brands seeking funding?
By

A simple look at Silicon Valley Bank’s internal investments paints a picture of a bank that put too many eggs in the proverbial basket.

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How the NLRB’s case docket could impact retailers
By

There are some major developments that retailers are watching from the United States’ National Labor Relations Board in the coming months.

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