Business of Luxury
LVMH has pulled out of a Tiffany takeover and embarked on a counter-suit but it looks like Wall Street seems to think the U.S. jeweller will do just fine by itself.
With e-Commerce ready pre-lockdown, Tiffany was already positioned to participate in China’s luxury rebound, reporting 90% sales jump, a sign of pandemic recovery. They have also exercised their option to delay completion of LVMH acquisition deal.
A new anti-competition lawsuit between Apple and Epic Games, maker of billion dollar game Fortnite is going to shape how tech companies get to use their influence and reach, and its also shaping up to be the war for luxury fashions next frontier
The luxury industry derives a tremendous amount of annual revenues from international travellers and with trans-national viral threats ending air travel, Asia Pacific region shows an unlikely way forward via Chinese live-streaming
Entering the luxury industry in the wake of the Global Financial Crisis, Chadi Nouri has paid her dues through the ranks at Cartier and Audemars Piguet and today she is an entrepreneur and consultant for the industry at yet another time of great economic uncertainty.
Resonating strongly with millennials while remaining on brand, the design of Bottega Veneta’s Invisible Store in Shanghai speaks volumes of the brand ethos in an era where many brands have been criticised for “tone deaf” marketing efforts.