Brilliant Cut

Knowing is a luxury | 09.18.2023

Sep 18, 2023

Just the right amount of hand-picked luxury marketing news and market intelligence

:: FACETS ::

→ (Fashion Network) Luxury retailers are following the money to India's new affluent: In more recent years, Hermes International, Christian Louboutin and others have set up shop, willing to pay the neighborhood’s skyrocketing rents for space in historic real estate and access to a rising upper class. Read more

→ (Washington Post) Watches of Switzerland Should Be Worried About Its Rolexes: You can’t buy shares in Rolex SA because it’s a privately held company. The closest investors can get is probably Britain’s Watches of Switzerland Group Plc, which generates about half of its sales from Rolex timepieces. Read more

→ (CNBC) Asia’s ultra-rich population records largest drop in the world. Here’s how North America and Europe did: Asia’s ultra-high-net-worth population declined by about 10.9% last year, marking the largest regional drop in the world, a report by data firm Altrata showed. Read more

→ (Elle Décor) Audemars Piguet’s Stylish West Hollywood Penthouse Is a Watch Lover’s Paradise: The elegant space, designed by ELLE DECOR A-Lister Brigette Romanek, even has its own DJ booth. Read more

→ (Fashion Network) Luxury labels driving fashion’s pop-up store boom: Pop-up stores are more flexible and less costly to run than traditional ones, and have become an essential tool for the luxury industry in terms of revenue, brand image, promotion and innovation. Read more

→ (NYT) A Party with a Lot of Baggage: Martha Stewart, Spike Lee, Jenna Lyons and Justin Theroux gathered for an event for Rimowa in Chelsea, the luggage brand to the stars. Read more

→ (NSS Magazine) eBay aims to invest in luxury fashion resale: The historical retailing platform prepares to challenge young competitors. Read more

→ (Dao Insights) Prada launches seed project with flower shops throughout China: Gearing up for its upcoming 2023 autumn and winter collection, luxury fashion powerhouse Prada has ventured into an exploration of human beauty through floral metaphors in its newly launched “Seed Project.” Read more

→ (NYT) The Latest Cool Amenity? A Name Brand. How About Porsche?: The market for branded luxury condos is growing, and now includes fashion houses and luxury carmakers, especially in Miami. In some buildings, a car elevator will lift you to your own parking spot. Read more

→ (Bain & Co.) Three Reasons Luxury Should Remain Resilient: Smart moves are helping brands ward off economic turbulence. Read more

→ (CoStar) Luxury Retailers Step Up Store Openings in US Malls: Leasing by luxury retailers surged in the United States this past year, with nearly 40% of that in malls, as companies increasingly open stores in Sun Belt cities as demand for upscale goods explodes. Read more