Luxury Consumer Stories

  • Inditex works to ensure fast fashion can be sustainable fashion

    Inditex works to ensure fast fashion can be sustainable fashion

  • LVMH looks to boost digital innovation with major investment in Lyst

    LVMH looks to boost digital innovation with major investment in Lyst

  • Brown-Forman Corp. finds new Italian distributor

    Brown-Forman Corp. finds new Italian distributor

  • Carnival Corp makes deal for new Dubai cruise terminal

    Carnival Corp makes deal for new Dubai cruise terminal

  • Luxury’s in full swing, now rules France’s CAC 40 index

    Luxury’s in full swing, now rules France’s CAC 40 index

  • Adidas and Wang work together to disrupt the fashion world

    Adidas and Wang work together to disrupt the fashion world

  • Richemont unveils new “affordable” watch brand: Baume

    Richemont unveils new “affordable” watch brand: Baume

  • Samsonite sees “very satisfying results” in first quarter

    Samsonite sees “very satisfying results” in first quarter

  • How popular are Ferrari? Tomorrow is the UK’s first “Ferrari-only” auction!

    How popular are Ferrari? Tomorrow is the UK’s first “Ferrari-only” auction!

  • Tesla memo announces structural shake up, more focused strategy

    Tesla memo announces structural shake up, more focused strategy

  • Nike pushes even further down tech innovation route

    Nike pushes even further down tech innovation route

  • Marriott beats on earnings in first quarter

    Marriott beats on earnings in first quarter

  • Moncler sees a 20% rise in revenue thanks to China and Hong Kong

    Moncler sees a 20% rise in revenue thanks to China and Hong Kong

  • IDEXX Laboratories does everything right in first quarter!

    IDEXX Laboratories does everything right in first quarter!

  • Live Nation outperforms – share price soars

    Live Nation outperforms – share price soars

  • Ferrari’s share price hits a record high after solid quarterly earnings

    Ferrari’s share price hits a record high after solid quarterly earnings

  • Ctrip’s supersonic strategy

    Ctrip’s supersonic strategy

  • Estée Lauder looks to stay competitive with generous parental benefits

    Estée Lauder looks to stay competitive with generous parental benefits

  • Marriott puts down $4.7 billion to acquire ILG

    Marriott puts down $4.7 billion to acquire ILG

  • Essilor and Luxottica report quarterly earnings before merger

    Essilor and Luxottica report quarterly earnings before merger

  • YNAP adds jewelry platform as Richemont merger approaches

    YNAP adds jewelry platform as Richemont merger approaches

  • More good news for luxury as Kering’s share price hits all-time high on back of first quarter

    More good news for luxury as Kering’s share price hits all-time high on back of first quarter

  • Wynn Resorts beats expectations in first quarter

    Wynn Resorts beats expectations in first quarter

  • Live Nation plans summer sale to get fans to gigs

    Live Nation plans summer sale to get fans to gigs

  • CTS Eventim takes major stake in Vivo Concerti

    CTS Eventim takes major stake in Vivo Concerti

  • The unthinkable is right around the corner: an electric Ferrari

    The unthinkable is right around the corner: an electric Ferrari

  • LVMH looks to grow Rimowa beyond luxury luggage

    LVMH looks to grow Rimowa beyond luxury luggage

  • Remy Cointreau sees “remarkable growth” in Asia Pacific for full year 2017

    Remy Cointreau sees “remarkable growth” in Asia Pacific for full year 2017

  • Marriott Moments marketplace sees upgrade, becomes one-stop luxury experience shop

    Marriott Moments marketplace sees upgrade, becomes one-stop luxury experience shop

  • The next big digital company could be a luxury titan

    The next big digital company could be a luxury titan

  • PVH Corp looks to “preserve and protect” global water resources with WWF partnership

    PVH Corp looks to “preserve and protect” global water resources with WWF partnership

  • Live Nation adding Bald Hill Amphitheatre to portfolio

    Live Nation adding Bald Hill Amphitheatre to portfolio

  • Marriott’s revamped loyalty program shows it’s taking its customers seriously

    Marriott’s revamped loyalty program shows it’s taking its customers seriously

  • Treasury Wine Estates sees success in China

    Treasury Wine Estates sees success in China

  • Moncler making headway in digital, anticipating industry shift

    Moncler making headway in digital, anticipating industry shift

  • Inditex goes on the digital rampage

    Inditex goes on the digital rampage

  • Marriott builds Millennial popularity with dedicated festival accommodation

    Marriott builds Millennial popularity with dedicated festival accommodation

  • The results are in: Nike still the most valuable brand in apparel

    The results are in: Nike still the most valuable brand in apparel

  • Kering looks to final spin off to become “pure play” luxury company

    Kering looks to final spin off to become “pure play” luxury company

  • Nike invests in scan-to-fit 3D technology with latest acquisition

    Nike invests in scan-to-fit 3D technology with latest acquisition

  • Remy Cointreau shakes up senior management

    Remy Cointreau shakes up senior management

  • LVMH beats the street setting positive tone for luxury sector

    LVMH beats the street setting positive tone for luxury sector

  • How Estee Lauder is bagging Millennials

    How Estee Lauder is bagging Millennials

  • McKinsey: luxury’s future is digital

    McKinsey: luxury’s future is digital

  • Is Adidas playing the perfect game when it comes to footwear?

    Is Adidas playing the perfect game when it comes to footwear?

  • LVMH looks to Japanese market for growth

    LVMH looks to Japanese market for growth

  • Stella McCartney buys back brand from Kering

    Stella McCartney buys back brand from Kering

  • Vuitton brings in Virgil Abloh to reinvent menswear

    Vuitton brings in Virgil Abloh to reinvent menswear

  • PVH beats the Street in fourth quarter

    PVH beats the Street in fourth quarter

  • Chinese consumers are driving global luxury

    Chinese consumers are driving global luxury

Latest Luxury Stories

  • Inditex works to ensure fast fashion can be sustainable fashion

    Inditex works to ensure fast fashion can be sustainable fashion

    Luxury, Thursday, 24 May 2018

    Spanish fast fashion giant Inditex is leading a revolution in the industry towards more sustainable business. One example: in the past, cut-off scraps from Inditex’s clothing would either be used to stuff furniture or thrown into a landfill in the Spanish town ...
  • LVMH looks to boost digital innovation with major investment in Lyst

    LVMH looks to boost digital innovation with major investment in Lyst

    Luxury, Thursday, 24 May 2018

    The world’s largest luxury conglomerate, LVMH, is looking to accelerate its strategy of boosting digital innovation with “a major investment” in Lyst. This won’t be the two companies’ first involvement with one another – LVMH has ...
  • Brown-Forman Corp. finds new Italian distributor

    Brown-Forman Corp. finds new Italian distributor

    Luxury, Wednesday, 23 May 2018

    World famous distiller Brown-Forman Corp., the company responsible for Jack Daniels bourbon and its various iterations, as well as Woodford Reserve and Finlandia Vodka, has a new Italian distributor: Gruppo Montenegro, an Italian spirits and food manufacturer. Of ...
  • Carnival Corp makes deal for new Dubai cruise terminal

    Carnival Corp makes deal for new Dubai cruise terminal

    Luxury, Tuesday, 22 May 2018

    Carnival Corp., the world’s largest cruise ship operator, has partnered with a developer (Dubai-based Meraas holding company) to create a new cruise terminal in Dubai. The company is looking to offer more Dubai cruise departures, and bring in travellers from ...
  • Luxury’s in full swing, now rules France’s CAC 40 index

    Luxury’s in full swing, now rules France’s CAC 40 index

    Luxury, Monday, 21 May 2018

    If you were wondering whether talk about a luxury resurgence over the past year was overblown, you may want to take a look at France’s CAC 40 Index. It’s the second-best performer among its peers, and is currently trading at pre-2007 levels – and ...
  • Adidas and Wang work together to disrupt the fashion world

    Adidas and Wang work together to disrupt the fashion world

    Luxury, Monday, 21 May 2018

    Alexander Wang is no stranger to high fashion, and he’s no stranger to cool sporting brand Adidas, for whom he designed his third Originals collection. This time round, Wang’s work will focus on “production errors and factory ...
  • Richemont unveils new “affordable” watch brand: Baume

    Richemont unveils new “affordable” watch brand: Baume

    Luxury, Friday, 18 May 2018

    Richemont, the luxury giant known for its watch and jewelry brands, like Cartier, Baume & Mercier, and Van Cleef & Arpels, is branching out into “affordable” luxury – with a distinctly Millennial flavour. A few days ago, the company ...
  • Samsonite sees “very satisfying results” in first quarter

    Samsonite sees “very satisfying results” in first quarter

    Luxury, Thursday, 17 May 2018

    World leader in luxury luggage Samsonite reported earnings for its first quarter in May, demonstrating results that the company’s CEO Ramesh Tainwala describes as “very satisfying”. Tainwala noted that there had been “growth across all ...
  • How popular are Ferrari? Tomorrow is the UK’s first “Ferrari-only” auction!

    How popular are Ferrari? Tomorrow is the UK’s first “Ferrari-only” auction!

    Luxury, Thursday, 17 May 2018

    If you happen to be at the iconic Silverstone racing circuit tomorrow, you might just be able to pick up a Ferrari at a bargain. In a strong display of the most luxurious of luxury supercar brand’s popularity, Friday 18 May will see the United Kingdom’s ...
  • Tesla memo announces structural shake up, more focused strategy

    Tesla memo announces structural shake up, more focused strategy

    Luxury, Wednesday, 16 May 2018

    Elon Musk, the technocrat founder and CEO of innovative electric carmaker Tesla, sent a memo to employees on Monday. In it, Musk wrote that the company would “flatten” its structure, improve communication, and cut back on activities “that are not ...
  • Nike pushes even further down tech innovation route

    Nike pushes even further down tech innovation route

    Luxury, Tuesday, 15 May 2018

    Nike has long been the top dog when it comes to sneaker sales. In a lot of ways, the athleisure giant pretty much created the modern market that it shares with brands like Puma and Adidas. But Nike is fast becoming a kingpin in a different area: technological ...
  • Marriott beats on earnings in first quarter

    Marriott beats on earnings in first quarter

    Luxury, Monday, 14 May 2018

    Marriott International, the world’s largest luxury hotelier, reported mixed first quarter earnings last week. Although the company missed analysts’ expectations on revenue, it delivered a strong beat on earnings – and this was enough to send its ...
  • Moncler sees a 20% rise in revenue thanks to China and Hong Kong

    Moncler sees a 20% rise in revenue thanks to China and Hong Kong

    Luxury, Friday, 11 May 2018

    High-end outerwear brand Moncler reported wildly positive earnings this month that benefitted from an unusually long and cold winter, and incredible growth in China during the extended Chinese New Year. The company said it saw revenues of €332 million, a 20% ...
  • IDEXX Laboratories does everything right in first quarter!

    IDEXX Laboratories does everything right in first quarter!

    Luxury, Friday, 11 May 2018

    IDEXX Laboratories, a global leader in veterinary diagnostics, veterinary practice software and water microbiology testing, reported a stellar set of figures for its first quarter. The company is exposed to the fast growing pet care trend among middle class ...
  • Live Nation outperforms – share price soars

    Live Nation outperforms – share price soars

    Luxury, Thursday, 10 May 2018

    Gig booking ticket seller Live Nation reported a stellar first quarter for the year last week, sending its share price up by double-digits. The company saw revenue rise to $1.5 billion – that’s an increase of 19% over the same period in the previous year ...
  • Ferrari’s share price hits a record high after solid quarterly earnings

    Ferrari’s share price hits a record high after solid quarterly earnings

    Luxury, Tuesday, 08 May 2018

    The world’s most exclusive luxury supercar brand, Ferrari, posted robust quarterly earnings last week, sending its share price to new heights. The company beat expectations on earnings per share by €0.06, hitting €0.78 for the first quarter. It also ...
  • Ctrip’s supersonic strategy

    Ctrip’s supersonic strategy

    Luxury, Friday, 04 May 2018

    Not since the days of Concord (which last flew in 2003) has supersonic flight been available for commercial passengers. One company, Boom Supersonic, is looking to change that, and wants to bring super-speed travel back into the mainstream. Chinese online travel ...
  • Estée Lauder looks to stay competitive with generous parental benefits

    Estée Lauder looks to stay competitive with generous parental benefits

    Luxury, Thursday, 03 May 2018

    If you’re planning to have children, undergoing fertility treatment, or want to adopt, then Estée Lauder might be right employer for you. That’s the message that the company’s new range of parental benefits – which include a $10,00 ...
  • Marriott puts down $4.7 billion to acquire ILG

    Marriott puts down $4.7 billion to acquire ILG

    Luxury, Thursday, 03 May 2018

    Marriott Vacations, the timeshare vacation segment of the world’s largest luxury hotelier, Marriott International, has agreed to buy ILG Inc. for “about” $4.7 billion. The resultant business will be the world’s biggest luxury brand for ...
  • Essilor and Luxottica report quarterly earnings before merger

    Essilor and Luxottica report quarterly earnings before merger

    Luxury, Wednesday, 02 May 2018

    French lens maker Essilor and Italian glasses magnate Luxottica are awaiting their final go-ahead from Chinese regulators. However, the companies aren’t worried about getting the green light. According to Luxottica CEO Francesco Milleri, that permission is ...
  • YNAP adds jewelry platform as Richemont merger approaches

    YNAP adds jewelry platform as Richemont merger approaches

    Luxury, Tuesday, 01 May 2018

    Digital luxury platform Yoox Net-a-Porter (YNAP) has added a dedicated jewelry platform to its site, as a merger with luxury giant Richemont draws closer to completion. Richemont already owns 49% of the brand, and will need shareholder approval for the deal to go ...
  • More good news for luxury as Kering’s share price hits all-time high on back of first quarter

    More good news for luxury as Kering’s share price hits all-time high on back of first quarter

    Luxury, Friday, 27 April 2018

    Earlier this month, luxury titan LVMH kicked off earnings season for the luxury sector with a strong positive start. At the time, people interpreted these results as a bellwether – and Kering’s first quarter earnings, released this week, support that ...
  • Wynn Resorts beats expectations in first quarter

    Wynn Resorts beats expectations in first quarter

    Luxury, Friday, 27 April 2018

    Wynn Resorts reported first quarter earnings on Tuesday, easily beating analysts’ expectations on revenue. This was driven by a surge of activity in Macau – the only place in China where gambling is legal – and, the company says, reflects the ...
  • Live Nation plans summer sale to get fans to gigs

    Live Nation plans summer sale to get fans to gigs

    Luxury, Friday, 27 April 2018

    Music promoter, gig booker, and ticket seller Live Nation is planning to give festival-goers a treat by offering $20 tickets for more than 2,000 shows. The initiative, which is part of National Concert Week, is sure to be popular with audiences who want to start the ...
  • CTS Eventim takes major stake in Vivo Concerti

    CTS Eventim takes major stake in Vivo Concerti

    Luxury, Thursday, 26 April 2018

    CTS Eventim has announced that it’s taken a “controlling stake” in Italian live music promoter Vivo Concerti. The company’s managing director Clemente Zard will continue to hold shares (just last month, he brought the company from Warner ...
  • The unthinkable is right around the corner: an electric Ferrari

    The unthinkable is right around the corner: an electric Ferrari

    Luxury, Wednesday, 25 April 2018

    From next year onwards, all new Ferrari’s will come with the option to have a hybrid engine. To many fans of the world’s most iconic sports car brand, this was long held out to be unthinkable. Just two years ago, the brand’s chief, Sergio ...
  • LVMH looks to grow Rimowa beyond luxury luggage

    LVMH looks to grow Rimowa beyond luxury luggage

    Luxury, Tuesday, 24 April 2018

    Luxury giant LVMH has big plans for its high-end luggage brand, Rimowa. It’s currently known for its ribbed aluminium suitcases, but diversification could be just around the corner. Rimowa chief executive Alexandre Arnault, an LVMH veteran, and son of LVMH ...
  • Remy Cointreau sees “remarkable growth” in Asia Pacific for full year 2017

    Remy Cointreau sees “remarkable growth” in Asia Pacific for full year 2017

    Luxury, Monday, 23 April 2018

    Remy Cointreau posted a 2.9% increase in full-year sales for 2017, due, in large part, to “remarkable” growth in the Asia Pacific region. Sales hit €1.13 billion, driven by strong cognac sales at the House of Remy Martin, in what the company ...
  • Marriott Moments marketplace sees upgrade, becomes one-stop luxury experience shop

    Marriott Moments marketplace sees upgrade, becomes one-stop luxury experience shop

    Luxury, Friday, 20 April 2018

    On Monday, the world’s largest luxury hotelier, Marriott international, unveiled plans to merge its various reward programs by August. The resultant scheme will offer unparalleled scope and depth, and is equally good news for investors and travellers. In a ...
  • The next big digital company could be a luxury titan

    The next big digital company could be a luxury titan

    Luxury, Friday, 20 April 2018

    According to Forrester Research, China will likely see more than $1 trillion in online sales this year. The incredible growth of the Chinese Ecommerce scene has not been lost on western luxury companies, whose return to growth is being driven by it in large part. As ...
  • PVH Corp looks to “preserve and protect” global water resources with WWF partnership

    PVH Corp looks to “preserve and protect” global water resources with WWF partnership

    Luxury, Thursday, 19 April 2018

    Luxury heavyweight PVH Corp, the parent company of some of the world’s most iconic brands, like Tommy Hilfiger and Calvin Klein, is partnering with the World Wildlife Fund (WWF) to “preserve and protect” water resources in “key sourcing ...
  • Live Nation adding Bald Hill Amphitheatre to portfolio

    Live Nation adding Bald Hill Amphitheatre to portfolio

    Luxury, Thursday, 19 April 2018

    Industry-leading live event producer and ticket seller, Live Nation, is adding another top venue to its growing portfolio of Long Island locations: the Amphitheatre at Bald Hill in Farmingville. The addition is part of its deal to work alongside Long Island Events ...
  • Marriott’s revamped loyalty program shows it’s taking its customers seriously

    Marriott’s revamped loyalty program shows it’s taking its customers seriously

    Luxury, Wednesday, 18 April 2018

    The world’s largest luxury hotelier, Marriott International, has finally unveiled its new loyalty program, which promises richer rewards for its customers at less cost to hotel operators. The announcement, which came on Monday, has been on the cards since ...
  • Treasury Wine Estates sees success in China

    Treasury Wine Estates sees success in China

    Luxury, Tuesday, 17 April 2018

    According to Wine Australia, the relative organization for that industry in that part of the world, total wine exports from Australia into China surged by 51% in the year ended March 31 to a massive $1.04 billion. This is great news for Treasury Wine Estates (TWE), ...
  • Moncler making headway in digital, anticipating industry shift

    Moncler making headway in digital, anticipating industry shift

    Luxury, Tuesday, 17 April 2018

    Luxury outerwear specialist Moncler is fast anticipating a future in which digital channels make up a vital and sizable part of the luxury retail market. According to consultancy Bain, they’re right to do so: today, it says, Ecommerce accounts for around 9% of ...
  • Inditex goes on the digital rampage

    Inditex goes on the digital rampage

    Luxury, Monday, 16 April 2018

    Zara-owner Inditex, the word’s largest fashion retailer by sales, is pushing to own the digital space. It’s using augmented reality to blend its offline and online presences: just open your Zara app and point your phone at an empty store window, and ...
  • Marriott builds Millennial popularity with dedicated festival accommodation

    Marriott builds Millennial popularity with dedicated festival accommodation

    Luxury, Monday, 16 April 2018

    Leading luxury hotelier Marriott International is trying something a little bit different – experiential yurts at popular music festival Coachella! The company came up with this bright idea in 2017, when it decked out a selection of eight tents in ...
  • The results are in: Nike still the most valuable brand in apparel

    The results are in: Nike still the most valuable brand in apparel

    Luxury, Friday, 13 April 2018

    According to valuation and strategy consultancy Brand Finance, athleisure market-leader and iconic footwear maker Nike is still the most valuable apparel brand in the world. Other notable results include the continued presence of H&M and Inditex in the second ...
  • Kering looks to final spin off to become “pure play” luxury company

    Kering looks to final spin off to become “pure play” luxury company

    Luxury, Friday, 13 April 2018

    French fashion giant Kering is looking to become a traditional luxury-only company, whose brands include names like Gucci and Yves Saint Laurent. As a result, they announced earlier this year that they would be spinning off German sportswear brand Puma. Now, they ...
  • Nike invests in scan-to-fit 3D technology with latest acquisition

    Nike invests in scan-to-fit 3D technology with latest acquisition

    Luxury, Thursday, 12 April 2018

    This week, iconic footwear-led athleisure brand Nike announced an unusual acquisition. The U.S. apparel maker, known for sponsorship deals with stars like basketball legend Michael Jordan, has acquired Invertex Ltd. – an Israeli computer vision company. Nike ...
  • Remy Cointreau shakes up senior management

    Remy Cointreau shakes up senior management

    Luxury, Thursday, 12 April 2018

    Remy Cointreau, the company behind luxury spirits like Cointreau and Mount Gay Rum, has announced a shake up at the senior management level. This follows the news that Eric Vallat, the current CEO of the House of Remy Martin and president of Mount Gay Rum, has ...
  • LVMH beats the street setting positive tone for luxury sector

    LVMH beats the street setting positive tone for luxury sector

    Luxury, Wednesday, 11 April 2018

    The world’s largest luxury company, LVMH, reported quarterly earnings this week that demonstrate a positive backdrop for the sector: sales for the first quarter of 2018 rose by 13% on an organic basis, easily beating analysts’ expectations of 8.5%. The ...
  • How Estee Lauder is bagging Millennials

    How Estee Lauder is bagging Millennials

    Luxury, Tuesday, 10 April 2018

    Iconic cosmetics group Estée Lauder has a secret weapon: its CEO. Fabrizio Freda joined the company in 2009, and has presided over an eight-fold increase in market cap: from $6.6 billion when he joined to $53 billion today. Perhaps his greatest achievement, ...
  • McKinsey: luxury’s future is digital

    McKinsey: luxury’s future is digital

    Luxury, Monday, 09 April 2018

    The future of luxury sales is online: that’s the message in a new report from McKinsey, The Age of Digital Darwinism. Researchers suggest that as much as a fifth of all luxury sales could take place via Ecommerce by 2025. That’s up from about 8% today, ...
  • Is Adidas playing the perfect game when it comes to footwear?

    Is Adidas playing the perfect game when it comes to footwear?

    Luxury, Monday, 09 April 2018

    In February, leading athleisure brand Adidas, famous for its sneakers, held a celebration. During the NBA’s All-Star Weekend in Los Angeles, the company rented a space next to the arena, and played host to tens of thousands of people. They came to make use of ...
  • LVMH looks to Japanese market for growth

    LVMH looks to Japanese market for growth

    Luxury, Friday, 06 April 2018

    The world’s largest luxury company, LVMH, is looking to the world’s second-largest luxury market for growth. Japan has seen an influx in tourism and tourism-related luxury spending this year, as large numbers of Chinese women take advantage of the weak ...
  • Stella McCartney buys back brand from Kering

    Stella McCartney buys back brand from Kering

    Luxury, Thursday, 05 April 2018

    Fashion superstar Stella McCartney has decided to buy back the 50% stake of her eponymous brand which is owned by French luxury giant Kering. After 17 years together, the separation is sure to shake up fashion. McCartney’s decision to take control of her brand ...
  • Vuitton brings in Virgil Abloh to reinvent menswear

    Vuitton brings in Virgil Abloh to reinvent menswear

    Luxury, Wednesday, 04 April 2018

    Virgil Abloh is best known as the designer behind trendy streetwear label Off-White. He’s a former Kanye West collaborator, having served as creative director on the hip-hop artist’s brands, and shot to prominence four years ago with the launch of ...
  • PVH beats the Street in fourth quarter

    PVH beats the Street in fourth quarter

    Luxury, Tuesday, 03 April 2018

    Multi-brand apparel giant PVH Corp. posted better than expected earnings last week for the fourth quarter of fiscal 2017, causing its share price to surge. The company said that sales of its Tommy Hilfiger and Calvin Klein continued to increase, shoring up business ...
  • Chinese consumers are driving global luxury

    Chinese consumers are driving global luxury

    Luxury, Thursday, 29 March 2018

    Chinese consumers now make almost a third of all luxury purchases globally, putting the sector’s big players – like LVMH, Richemont, and Kering – in a new position: now, they’re having to cater directly to these buyers. Previously, Chinese ...