Brilliant Cut
Knowing is a luxury | 08.05.24
Just the right amount of hand-picked luxury marketing news and market intelligence
:: FACETS ::
→ (WSJ) Luxury Brands Need to Win Back Middle-Class Shoppers: Some labels have alienated customers with big price increases. Sagging profits are prompting a rethink. Read more
→ (Campaign Middle East) Best luxury brand collaborations: Luxury brands are now collaborating across different mediums, moving into a more experiential form of marketing. Read more
→ (Fashion Network) Loewe is back as world's hottest label, On grows fast - Lyst Index: LVMH’s results may not have set the world alight in the latest quarter but there was one piece of good news on Wednesday for April to June — the latest Lyst Index showed its Loewe label overtaking Miu Miu and Prada to reclaim the title of hottest brand in the world, a position last held a year ago. Read more
→ (NYT) Watch Buyers Are on the Road Again: Swiss brands from Omega to Bulgari are expanding their travel retail offerings to match the resurgence in tourism. Read more
→ (Hypebeast) CFDA and Tiffany & Co. Launch New Jewelry Designer Award: The winner will receive a year-long fellowship inside Tiffany & Co.’s design department and a $50,000 USD award. Read more
→ (Apple Insider) Luxury brands Balenciaga and Rimowa launch Apple Vision Pro apps: Rimowa has had an iPhone app for training staff, but otherwise the App Store has been missing both of these firms, until now. Read more
→ (Wallpaper) Check into the exclusive Missoni x Delta One Lounge at JFK: Missoni dresses the airline’s Delta One amenity kits and lounge in its playful colours and patterns. Read more
→ (Designboom) Hermès Hong Kong comes alive with kinetic ‘living rooms’ by sculptor Alex Chinneck: Alex Chinneck’s Living Rooms installation for Hermès introduces a fantastical world where Hermès objects take on unexpected forms and behaviors. Read more
→ (Reuters) Tourist splurge in Japan creates new headache for luxury brands: The yen's sell-off - it hit a 38-year low against the dollar last month before recovering ground - has sparked an unprecedented tourist boom, drawing savvy shoppers from Asia and elsewhere. Read more
→ (Yahoo Finance) Lamborghini bucks softness in luxury market with record first-half results: Lamborghini's mix of appealing design and electrified powertrains are resonating with luxury buyers. Read more
Flash Stats: The global population of the ultra-rich rose by 7.6% to 426,300 individuals last year, with a correlating 7.1% jump in net worth to US$49.2 trillion - Altrata’s annual report
Thank you for reading Brilliant Cut - Scott
If you know someone that would enjoy Brilliant Cut, please share this with them.
Comments or questions, you can e-mail me at scott@silvertoneconsulting.com
Copyright © 2024 Silvertone Consulting, Inc. All rights reserved
