Brilliant Cut
Knowing is a luxury | 8.19.24
Just the right amount of hand-picked luxury marketing news and market intelligence
:: FACETS ::
→ (The Hollywood Reporter) How F1 Is Wooing a New Breed of Luxury Brands as Sponsors: From independent watchmakers like H. Moser & Cie to beauty companies like Charlotte Tilbury, there’s a new class of businesses getting into the race, including supporting the new all-female F1 Academy. Read more
→ (Robb Report) 7 High-End Fashion Collaborations Taking Over Luxury Hotels and Beach Clubs Right Now: To create a lifestyle experience, high-end fashion houses including Dior, Missoni and Balmain are hanging out where you do. Read more
→ (Jing Daily) Luxury brands consolidate retail in 1st-tier cities, others explore newer markets: As global luxury cools, brands are carefully shifting their retail footprint and investments in the crucial China market. Read more
→ (WWD) LVMH Won Gold in Social Media Visibility During the Paris Olympics: California data firm Relo Metrics said the French luxury giant attained the highest social media value and visibility. Ralph Lauren came in second. Read more
→ (CNBC) Private jet flights are down 15% in two years as Covid-era demand wanes: Private jet flights fell 15% in the first half of the year compared with their peak in 2022. Read more
→ (Retail Dive) Prestige beauty sales continue to outpace mass with 8% growth in the first half of the year: High-end fragrance was a bright spot, rising 12%, but its popularity is also driving sales of mass products and private-label dupes. Read more
→ (Yahoo Finance) Ralph Lauren CEO: Consumers are battling headwinds, but higher-end shoppers remain resilient: Ralph Lauren's more refined assortment of high-end styles drove consumers into its stores globally. Read more
→ (Drapers) Asos signs three-year AI deal with Microsoft: The new AI features integrated into Microsoft solutions will provide Asos staff with automated meeting summaries, notes, actions and live translations. Read more
Flash Stats: U.S. spending on luxury leather goods and ready-to-wear were the categories most impacted by the slowdown, with sales falling by 19 percent and 15 percent respectively. Jewelry was more resilient, registering a 6.5 percent drop. Luxury watchmakers were an unexpected bright spot, with sales growing by 10 percent, posting a double-digit increase for the first time since early 2022 - Citi Research
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