Brilliant Cut
Knowing is a luxury | 07.22.24
Just the right amount of hand-picked luxury marketing news and market intelligence
:: FACETS ::
→ (FT) Luxury brands catch a break from holiday resort boutiques: Seasonal pop-ups and concept stores look to lure wealthy customers in a relaxed mood and even attract new ones. Read more
→ (Bloomberg) Rolex, Patek Watch Prices Fall Even Further Behind Equities: Since watches hit pandemic-era peak, stocks have outperformed. Read more
→ (Fashion Network) LVMH has already won gold at the Paris Olympics: With top-end demand in the doldrums, Bernard Arnault is sponsoring what amounts to the first luxury games. Read more
→ (Wallpaper) Giorgio Armani takes Fiat’s 500e to another level of urban chic: Compact and chic, the high-spec Fiat 500e Giorgio Armani celebrates the company’s 125th year and the designer’s 90th birthday. Read more
→ (Business Insider) Rich Chinese tourists are flocking to Japan in search of luxury bargains: Japan's currency downturn has attracted tourists to the country to take advantage of lower prices. Read more
→ (Fashion United) Luxury's hefty markup and the price of prestige: Recent reports revealed that Dior suppliers in Italy paid a mere 53 euros to assemble a men's accessory retailing more than 2500 euros have cast a stark light on the economics of luxury goods. Read more
→ (WSJ) Gucci’s Owner Lost His Patience. What Came Next Was a Grand Reinvention: French billionaire François-Henri Pinault has been working to elevate some of fashion’s most storied brands. Read more
→ (WWD) Louis Vuitton Brings Sweet Luxury to Shanghai With First China Chocolate Shop: Just in time to celebrate Qixi, the Chinese Valentine’s Day that will land in early August this year, Louis Vuitton has opened its first chocolate store in China at Shanghai’s Taikoo Li Qiantan shopping mall. Read more
→ (Jing Daily) Amid a luxury retail slump, Versace turns to the digital world: Versace enters the gaming realm with a new experience in Fortnite, Mango releases a fully AI-generated campaign, and Adidas x Manchester United drop digital kit in Roblox. Read more
→ (FT) Have it your way: how luxury brands embraced personalisation: From cars to clothes, for the wealthy, ‘limited editions’ are no longer enough. Read more
Flash Stats: In the U.S., average wealth per adult grew by nearly 2.5% and the country accounts for 38%, roughly 22 million, of all millionaires worldwide. Mainland China came in second with just over 6 million millionaires, followed by 3 million in the U.K. - UBS wealth report
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