Knowing is a luxury | 03.20.23
:: FACETS ::
→ (Fortune) Here’s what’s inside the $126,000 Oscar gift bag this year: "While this gift bag does, as always, have an impressive value, that is neither our focus nor goal. This is a straightforward win/win. These nominees are in a unique position to help participating brands immeasurably by simply wearing, using and talking about these products." Read more
→ (WWD via Yahoo) Zegna Unveils Digital Tool to Rewrite Luxury Consumer Experience: Edoardo Zegna, chief marketing, digital and sustainability officer of the Italian menswear powerhouse, unveiled the new Zegna X digital customization tool aimed at raising the bar of luxury service, after two years of perfecting it. Read more
→ (Fashion Network) Consumers still have appetite for luxury shopping, travel: Saks report: Consumers plan to continue spending on luxury in the next three months, according to the latest Saks Luxury Pulse survey. The survey, fielded in January 2023, found that 62% of respondents plan to spend the same or more on luxury compared to the last three months. Read more
→ (WatchPro) Rolex, Audemars Piguet and Patek Philippe drive watch market towards $100 billion: The global market for luxury watches will be worth over $100 billion by 2026, according to a new report by Boston Consulting Group (BCG) - that's 50% larger than 2019, the last year before the pandemic, demonstrating just how much watch collecting as a passion, and watch investing as a business has transformed the industry. Read more
→ (Dezeen) Kim Jones creates "glass of cognac in sneaker form" for Hennessy: Dior artistic director Kim Jones has designed a bottle, decanter and pair of monochrome trainers for drinks brand Hennessy. Named the Hennessy X.O x Kim Jones collection, the trio of pieces aim to blend "cognac and couture" and are the first in the Hennessy X.O Masterpiece series to be created by a fashion designer. Read more
→ (Jing Daily) Museums Are Rescuing NFTs. Will Luxury Remain Committed To Web3?: Uncertain times lie ahead for the previously hyped metaverse and Web3 sectors as we near the end of the first quarter of 2023. Last year’s race among luxury and fashion brands, auction houses, and cultural institutions to jump on the Web3 bandwagon is giving way to greater caution as the conversation shifts toward artificial intelligence (AI) platforms like ChatGPT. Read more
→ (Wallpaper) Track your Loro Piana sweater from farm to store using blockchain technology: Powered by the Aura Blockchain Consortium, Loro Piana is allowing customers to digitally track the origins of its ’The Gift of Kings’ merino wool pieces and certify authenticity – a celebration of the brand’s superlative savoir-faire. Read more
→ (Town & Country via Yahoo) #CaviarTok Is Trending, and Gen Z Is Obsessed: Creators on TikTok are decoding the delicacy and preparing Gen Z-ers for the moment they're asked: Beluga or Ossetra? Read more
:: PODCASTS ::
🎧 The Luxury Item podcast
Anish Melwani, Chairman & CEO of LVMH for North America
LVMH—Moët Hennessy Louis Vuitton—is the biggest and most successful luxury goods conglomerate in the world. On the latest episode of The Luxury Item podcast, I sit down with Anish Melwani, chairman & CEO of LVMH for North America to discuss the evolving relationship between luxury and the US consumer and why LVMH is well positioned to navigate through economic uncertainty.
🎧 Facing the Giants podcast
Julie Macklowe, Founder & CEO of The Macklowe
Trail-blazing serial entrepreneur Julie Macklowe turned her lifelong love of single malt whisky into a luxury brand. On this episode of Facing the Giants, I speak to Julie Macklowe, who is founder and CEO of The Macklowe, the first luxury American single malt whisky brand and what she calls "the Ferrari of single malts."
The Luxury Item podcast and Facing the Giants podcast are available on Apple Podcasts, Spotify, Google Podcasts, Stitcher, or wherever you get your podcasts. Subscribe today!
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