Brilliant Cut
Knowing is a luxury | 04.01.24
Just the right amount of hand-picked luxury marketing news and market intelligence
:: FACETS ::
→ (Bloomberg) Bentley Buyers Are Splashing Out €39,000 on Options for Each Car: The ultra-luxury British carmaker is contending with a high-class problem: unprecedented demand for personalization. Read more
→ (FT) Gucci’s slump means the end of the luxury megatrend: The dramatic sales collapse suggests it is time to consider each brand individually. Read more
→ (WWD) Who’s the Aspirational Luxury Consumer? Many Different People: A new McKinsey & Company study presented during the Zalando and Camera della Moda's Changemakers in Luxury Fashion event delivers identikits. Read more
→ (NYT) They Failed in Their Quests to Buy Birkin Bags. So They Sued: But fans of the famed Hermès accessory say that the exclusivity is the whole point. Read more
→ (Visual Capitalist) Luxury Goods Investments vs. S&P 500 in the Last 10 Years: The 10-year performance of various luxury good classes as of Q4 2023, according to the Knight Frank Luxury Investment Index released as part of the 2024 Wealth Report. Read more
→ (Harper's Bazaar) Luxury brands are luring customers back in to store via exclusive experiences: From in-store restaurants and galleries to buzzy events. Read more
→ (Fortune) How to invest in AI for luxury: Giovanni Prigigallo thinks it’s time for the watch auction market to embrace artificial intelligence. Read more
→ (Morningstar) ThredUp’s 12th Annual Resale Report Reveals Resale Grew 15X Faster than Retail in 2023: New study finds 60% of consumers say shopping secondhand apparel gives them the most bang for their buck; 55% say they’ll spend more on secondhand if the economy doesn’t improve. Read more
→ (The Hollywood Reporter) Saks Fifth Avenue Shares Look at Elegant New Beverly Hills Private Shopping Suite: The two-story space features a view of the iconic Hollywood sign and is one of 15 private salons at the newly opened Beverly Hills store. Read more
→ (NYT) Has the Luxury E-Commerce Bubble Burst?: After implosions by Farfetch and MatchesFashion — and with other blowouts possible — the future for online fashion retailers looks uncertain. Read more
Flash Stats: Mumbai has officially surpassed Shanghai as Asia’s capital with the most billionaires, according to a new Hurun Global Rich List 2024 report. Mumbai, India’s financial powerhouse, now has 92 billionaires, closely edging out Beijing’s 91 and Shanghai with 87.
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