Luxury Consumer Stories

  • LVMH reaffirms its green credentials – as well as its optimism

    LVMH reaffirms its green credentials – as well as its optimism

  • Live Nation acquires Hog agency in Finland

    Live Nation acquires Hog agency in Finland

  • Richemont acquires Jewellery brand Buccellati

    Richemont acquires Jewellery brand Buccellati

  • Nike shares hit new record on better-than expected fiscal year

    Nike shares hit new record on better-than expected fiscal year

  • Galaxy throws more sponsorship at Japan, as integrated resorts get closer to reality

    Galaxy throws more sponsorship at Japan, as integrated resorts get closer to reality

  • Take-Two boss: do players want “all-you-can-eat”?

    Take-Two boss: do players want “all-you-can-eat”?

  • Louis Vuitton adds 1,500 jobs in France thanks to luxury boom

    Louis Vuitton adds 1,500 jobs in France thanks to luxury boom

  • Ferrari remains resolute that it will not compromise exclusivity

    Ferrari remains resolute that it will not compromise exclusivity

  • Spotify reignites music label ambitions with SoundBetter acquisition

    Spotify reignites music label ambitions with SoundBetter acquisition

  • Constellation Brands: as Millennials have kids, they’re drinking more

    Constellation Brands: as Millennials have kids, they’re drinking more

  • Good news continues for Anta Sports with record-breaking first half

    Good news continues for Anta Sports with record-breaking first half

  • Why Nike’s divisive advertising got it right

    Why Nike’s divisive advertising got it right

  • LVMH wants to help save the rainforest

    LVMH wants to help save the rainforest

  • Galaxy Entertainment Group sees Yokohama bid as progress

    Galaxy Entertainment Group sees Yokohama bid as progress

  • Pernod Ricard uses Malibu event to appeal to Gen Z

    Pernod Ricard uses Malibu event to appeal to Gen Z

  • Estee Lauder delivers “outstanding” results for fiscal 2019

    Estee Lauder delivers “outstanding” results for fiscal 2019

  • Constellation Brands continues to streamline wine and spirits unit

    Constellation Brands continues to streamline wine and spirits unit

  • Galaxy Entertainment hit by trade war, weakening China, but confident on long-term

    Galaxy Entertainment hit by trade war, weakening China, but confident on long-term

  • Anta breaks new ethical ground – first Chinese company to join Better Cotton Initiative

    Anta breaks new ethical ground – first Chinese company to join Better Cotton Initiative

  • Take-Two boss says video games are primed for 25 years of growth

    Take-Two boss says video games are primed for 25 years of growth

  • Spotify now a major player in fragmented Indian music streaming scene

    Spotify now a major player in fragmented Indian music streaming scene

  • Royal Caribbean: big data rules the seas

    Royal Caribbean: big data rules the seas

  • Estee Lauder supports women in tech with Kode with Klossy expansion

    Estee Lauder supports women in tech with Kode with Klossy expansion

  • Marriott meets expectations on profit – but a narrow miss on revenue sends share price down

    Marriott meets expectations on profit – but a narrow miss on revenue sends share price down

  • Treasury Wine Estates releases multi-country blend into UK market

    Treasury Wine Estates releases multi-country blend into UK market

  • Ferrari beats on top- and bottom-lines… but static guidance sends share price down

    Ferrari beats on top- and bottom-lines… but static guidance sends share price down

  • Spotify wins big on top- and bottom-lines… but slight subscriber growth disappoints

    Spotify wins big on top- and bottom-lines… but slight subscriber growth disappoints

  • Kering sees revenue rise – but investors displeased with Gucci sales slowdown

    Kering sees revenue rise – but investors displeased with Gucci sales slowdown

  • Royal Caribbean reports strong second quarter

    Royal Caribbean reports strong second quarter

  • Constellation Brands purchases stake in US rum distiller

    Constellation Brands purchases stake in US rum distiller

  • Fashion drives LVMH growth beyond expectations

    Fashion drives LVMH growth beyond expectations

  • Moncler sees double-digit growth in first half of the year

    Moncler sees double-digit growth in first half of the year

  • Galaxy Entertainment Group looks to encourage young footballers in Japanese community soccer program

    Galaxy Entertainment Group looks to encourage young footballers in Japanese community soccer program

  • Sandro partners with Farfetch

    Sandro partners with Farfetch

  • The world’s largest eyewear company pursues growth through acquisition

    The world’s largest eyewear company pursues growth through acquisition

  • Richemont sees sales rise as Hong Kong protests dent watch growth

    Richemont sees sales rise as Hong Kong protests dent watch growth

  • Will Lindt sales be buoyed by cold weather earlier in the year?

    Will Lindt sales be buoyed by cold weather earlier in the year?

  • Marriott takes aim at Airbnb

    Marriott takes aim at Airbnb

  • When it comes to athleisure, running clubs are the new influencer

    When it comes to athleisure, running clubs are the new influencer

  • Stella McCartney has jumped-ship to LVMH

    Stella McCartney has jumped-ship to LVMH

  • Ferrari deepens its hold on the auto industry’s wealthiest clients

    Ferrari deepens its hold on the auto industry’s wealthiest clients

  • Want to go viral? Inditex has the magic

    Want to go viral? Inditex has the magic

  • Adidas pledges to offer more support to minority employees

    Adidas pledges to offer more support to minority employees

  • Galaxy Macau revamp underway in show of confidence from owner

    Galaxy Macau revamp underway in show of confidence from owner

  • Hermes US boss sees in-store retailing “here for a while”

    Hermes US boss sees in-store retailing “here for a while”

  • Farfetch is all about sustainable fashion

    Farfetch is all about sustainable fashion

  • Constellation Brands brings wine in a can to American Football fans

    Constellation Brands brings wine in a can to American Football fans

  • Gucci banks on high-end jewellery for further growth

    Gucci banks on high-end jewellery for further growth

  • Nike’s fiscal fourth quarter was great for revenue – but currency effects hit earnings

    Nike’s fiscal fourth quarter was great for revenue – but currency effects hit earnings

  • It was a bold move, but Spotify puts an end to indie artists

    It was a bold move, but Spotify puts an end to indie artists

Latest Luxury Stories

  • LVMH reaffirms its green credentials – as well as its optimism

    LVMH reaffirms its green credentials – as well as its optimism

    Luxury, Thursday, 10 October 2019

    The world’s largest luxury company, LVMH, has pledged to improve its environmental credentials in a bid to keep younger consumers on-side. The company is planning to cut emissions again, and improve its sourcing on materials like animal fur. Despite this ...
  • Live Nation acquires Hog agency in Finland

    Live Nation acquires Hog agency in Finland

    Luxury, Wednesday, 09 October 2019

    World-leading music promoter Live Nation has continued its spate of acquisitions with Finnish competitor Hog Agency & Promotion. Hog is a key player in Finland, and represents some of the country’s most popular homegrown talent: Olavi Uusivirta, Adi L ...
  • Richemont acquires Jewellery brand Buccellati

    Richemont acquires Jewellery brand Buccellati

    Luxury, Monday, 07 October 2019

    At the end of September, luxury giant Richemont announced a new purchase: high end jewelry brand Buccellati. The conglomerate said that it had purchased 100% of the renowned Italian jewelry house for an undisclosed price, and that the transaction would have ...
  • Nike shares hit new record on better-than expected fiscal year

    Nike shares hit new record on better-than expected fiscal year

    Luxury, Wednesday, 02 October 2019

    The king of sporting footwear has done it again – beaten the Street, and sent its share price up. Last week, it reported earnings for fiscal 2020, showing that new products and investments into ecommerce had driven sales up. On the company’s earnings ...
  • Galaxy throws more sponsorship at Japan, as integrated resorts get closer to reality

    Galaxy throws more sponsorship at Japan, as integrated resorts get closer to reality

    Luxury, Tuesday, 01 October 2019

    Gaming giant Galaxy Entertainment Group is continuing to ingratiate itself with Japanese consumers as the country’s new gaming sector moves closer to realisation. Japan has been a no gambling territory for years, but that’s set to change. Relaxation of ...
  • Take-Two boss: do players want “all-you-can-eat”?

    Take-Two boss: do players want “all-you-can-eat”?

    Luxury, Thursday, 26 September 2019

    Strauss Zelnick, the man at the top of market-leading video game company Take-Two Interactive, is sounding a note of caution over subscription services in gaming. And he’s worth listening to. Not only is he CEO of the company that’s behind breakout ...
  • Louis Vuitton adds 1,500 jobs in France thanks to luxury boom

    Louis Vuitton adds 1,500 jobs in France thanks to luxury boom

    Luxury, Tuesday, 24 September 2019

    Luxury is in a good place. At least, that’s the message that Louis Vuitton, flagship brand of the world’s largest luxury company, LVMH, is sending. The iconic French company has announced that it’s creating 1,500 more luxury manufacturing jobs in ...
  • Ferrari remains resolute that it will not compromise exclusivity

    Ferrari remains resolute that it will not compromise exclusivity

    Luxury, Tuesday, 17 September 2019

    Luxury supercar maker Ferrari is on a winning streak. For years, its shares have risen consistently. And even the untimely death of the late Sergio Marchionne, the brand’s “superstar CEO” wasn’t able to derail this trajectory for more than ...
  • Spotify reignites music label ambitions with SoundBetter acquisition

    Spotify reignites music label ambitions with SoundBetter acquisition

    Luxury, Monday, 16 September 2019

    Music streaming market leader Spotify used to offer artists a direct route to listeners. Earlier this year, it closed that down, in a move that many interpreted as failure (or, more charitably, strategic withdrawal). Spotify had used this program to cut music labels ...
  • Constellation Brands: as Millennials have kids, they’re drinking more

    Constellation Brands: as Millennials have kids, they’re drinking more

    Luxury, Wednesday, 11 September 2019

    According to new research from Constellation Brands, aging Millennials are turning to the bottle as they have families. The alcoholic beverage giant, which is behind premium cerveza lager brands like Corona as well as numerous wines and spirits, says that an uptick ...
  • Good news continues for Anta Sports with record-breaking first half

    Good news continues for Anta Sports with record-breaking first half

    Luxury, Monday, 09 September 2019

    It’s been a great year so far for Anta Sports. The Chinese athleisure giant, which is increasingly being seen as a serious competitor for established companies like Nike, is a real home-grown success story. Major western brands once dominated the Chinese ...
  • Why Nike’s divisive advertising got it right

    Why Nike’s divisive advertising got it right

    Luxury, Friday, 06 September 2019

    A year ago, Nike did the unthinkable: it waded into a massive and controversial debate over whether athletes should stand for the US National Anthem. This debate was fuelled by racial tension and political divide – a smart brand would stay out of it. Right? ...
  • LVMH wants to help save the rainforest

    LVMH wants to help save the rainforest

    Luxury, Monday, 02 September 2019

    You will be well aware of the tragedy encompassing the Amazon Rain Forest, as wildfire runs rampant through what has been called the “lungs” of the Earth. The G7 has pledged financial support in the Amazon’s time of need (although Brazilian ...
  • Galaxy Entertainment Group sees Yokohama bid as progress

    Galaxy Entertainment Group sees Yokohama bid as progress

    Luxury, Tuesday, 27 August 2019

    Japanese city Yokohama is officially planning to bid for one of the three Integrated Resort licenses being issued by the Japanese government. Integrated Resorts are a by-word for hotel complexes that include casinos – thereby introducing gaming to the country. ...
  • Pernod Ricard uses Malibu event to appeal to Gen Z

    Pernod Ricard uses Malibu event to appeal to Gen Z

    Luxury, Friday, 23 August 2019

    The next big demographics question for consumer businesses is this: how do we capture Gen Z? Generation Z is the name given to those people younger than millennials (the oldest of whom are now around 40), and they are the shoppers of the future. Drinks companies are ...
  • Estee Lauder delivers “outstanding” results for fiscal 2019

    Estee Lauder delivers “outstanding” results for fiscal 2019

    Luxury, Wednesday, 21 August 2019

    Cosmetics giant Estee Lauder reported results this week that should bring a smile to investors’ faces – and judging by the rapid ascent of its share price after the company revealed financial data, it has! Estee Lauder CEO Fabrizio Freda described the ...
  • Constellation Brands continues to streamline wine and spirits unit

    Constellation Brands continues to streamline wine and spirits unit

    Luxury, Tuesday, 20 August 2019

    Alcoholic beverage giant Constellation Brands is continuing to streamline its wine and spirits unit, hoping to focus on the quality, rather than quantity, of brands on offer. That started with a major sale of the company’s lower-end wines to E. & J. Gallo. ...
  • Galaxy Entertainment hit by trade war, weakening China, but confident on long-term

    Galaxy Entertainment hit by trade war, weakening China, but confident on long-term

    Luxury, Friday, 16 August 2019

    Gaming giant Galaxy Entertainment reported earnings this week that demonstrated the impact of the US / China trade war and a weakening Chinese economy. These headwinds conspired to keep the company’s revenue down, though good luck on the part of the house ...
  • Anta breaks new ethical ground – first Chinese company to join Better Cotton Initiative

    Anta breaks new ethical ground – first Chinese company to join Better Cotton Initiative

    Luxury, Thursday, 15 August 2019

    Anta Sports Products, the Chinese giant that bought Amer Sports earlier this year and now owns world-famous brands like Salomon and Wilson, as well as its homegrown collections, has broken new ground by joining the Better Cotton Initiative (BCI). Anta is the first ...
  • Take-Two boss says video games are primed for 25 years of growth

    Take-Two boss says video games are primed for 25 years of growth

    Luxury, Wednesday, 14 August 2019

    If you’ve been paying attention to entertainment trends over the last decade or so, you won’t have missed the rise of video gaming. For many people in their thirties and younger, video gaming is as ubiquitous as television is to their parents – ...
  • Spotify now a major player in fragmented Indian music streaming scene

    Spotify now a major player in fragmented Indian music streaming scene

    Luxury, Wednesday, 14 August 2019

    Global music streaming market leader Spotify had its sights set on another big market when it moved into India. That was only six months ago, but the company’s bid for future growth is already showing strong signs of success. This month, Spotify’s ...
  • Royal Caribbean: big data rules the seas

    Royal Caribbean: big data rules the seas

    Luxury, Tuesday, 13 August 2019

    Successful companies are increasingly becoming data driven, using customer and industry insights to pursue competitive advantages and find new routes to innovation. The cruise line industry is no different. In a recent interview, market-leader Royal ...
  • Estee Lauder supports women in tech with Kode with Klossy expansion

    Estee Lauder supports women in tech with Kode with Klossy expansion

    Luxury, Friday, 09 August 2019

    Cosmetics giant Estee Lauder is expanding its partnership with brand ambassador Karlie Kloss’s non-profit Kode with Klossy. The program in question is aimed at the education and inspiration of women in tech, and plays into Estee Lauder’s strong ...
  • Marriott meets expectations on profit – but a narrow miss on revenue sends share price down

    Marriott meets expectations on profit – but a narrow miss on revenue sends share price down

    Luxury, Thursday, 08 August 2019

    Marriott International, the world’s largest luxury hotelier, reported earnings this week that sent its share price down. But investors shouldn’t panic: the company met expectations on earnings, and only narrowly missed on revenues. Additionally, despite ...
  • Treasury Wine Estates releases multi-country blend into UK market

    Treasury Wine Estates releases multi-country blend into UK market

    Luxury, Wednesday, 07 August 2019

    Treasury Wine Estates (TWE), the Australian wine giant behind Penfolds and other top brands, is releasing its first multi-country origin wine into the UK market. This new brand, Squealing Pig, includes six different bottles, from six different countries. Traditional ...
  • Ferrari beats on top- and bottom-lines… but static guidance sends share price down

    Ferrari beats on top- and bottom-lines… but static guidance sends share price down

    Luxury, Monday, 05 August 2019

    Luxury supercar maker Ferrari reported earnings at the end of last week that should have seen it pull out ahead and take a big win. But in business, as in racing, what “should” have happened doesn’t always translate into reality. The company ...
  • Spotify wins big on top- and bottom-lines… but slight subscriber growth disappoints

    Spotify wins big on top- and bottom-lines… but slight subscriber growth disappoints

    Luxury, Friday, 02 August 2019

    Global music streaming market-leader Spotify reported earnings this week that beat the Street’s predictions on top- and bottom-line growth… but narrowly missed consensus estimates for subscriber growth (to be fair to the company, it was within the ...
  • Kering sees revenue rise – but investors displeased with Gucci sales slowdown

    Kering sees revenue rise – but investors displeased with Gucci sales slowdown

    Luxury, Wednesday, 31 July 2019

    French luxury giant Kering, which counts brands like Gucci and Yves Saint Laurent among its high-end portfolio, reported earnings last week. The earnings were strong, with “every key nationalilty” (according to the group’s chief financial officer, ...
  • Royal Caribbean reports strong second quarter

    Royal Caribbean reports strong second quarter

    Luxury, Tuesday, 30 July 2019

    Cruise line giant Royal Caribbean reported earnings last week that should have brightened investors’ days. The company managed to beat the Street on both revenue and earnings, demonstrating that demand remained high for its core travel product. That product ...
  • Constellation Brands purchases stake in US rum distiller

    Constellation Brands purchases stake in US rum distiller

    Luxury, Monday, 29 July 2019

    Drinks giant Constellation Brands, the company behind market leading cerveza lagers like Corona and Modelo, has acquired a minority stake in Colorado-based rum maker Montanya Distillers. Constellation made this investment under its Focus on Female Founders campaign, ...
  • Fashion drives LVMH growth beyond expectations

    Fashion drives LVMH growth beyond expectations

    Luxury, Friday, 26 July 2019

    The world’s largest luxury company, LVMH, has reported earnings for the first half of 2019 – and for investors curious as to what momentum in the sector looks like, the results paint an optimistic picture. Taken together with also-positive results from ...
  • Moncler sees double-digit growth in first half of the year

    Moncler sees double-digit growth in first half of the year

    Luxury, Friday, 26 July 2019

    Moncler, the Italian outerwear-maker turned full blown luxury fashion house, is continuing to see incredible success from recent strategic plans. First, the company is ambitiously trying to redefine the fashion pipeline with its “Genius” collections, ...
  • Galaxy Entertainment Group looks to encourage young footballers in Japanese community soccer program

    Galaxy Entertainment Group looks to encourage young footballers in Japanese community soccer program

    Luxury, Thursday, 25 July 2019

    If you’re a regular reader of this newsfeed, you’ll probably already know that gaming giant Galaxy Entertainment Group is planning an entry into Japan. As new legislation makes gaming viable in the country, Galaxy is one of the big players that will ...
  • Sandro partners with Farfetch

    Sandro partners with Farfetch

    Luxury, Thursday, 25 July 2019

    Premium fashion brand Sandro Paris, a standout in French owner SMCP’s portfolio, has announced that it will be using Farfetch’s online platform to diversify its digital sales channels and push further into one of the most important trends in retail ...
  • The world’s largest eyewear company pursues growth through acquisition

    The world’s largest eyewear company pursues growth through acquisition

    Luxury, Wednesday, 24 July 2019

    EssilorLuxottica, the world’s largest eyewear company, which was formed last year in a bid to revolutionise the industry, is looking to pursue further growth through the acquisition of Dutch retailer GrandVision. The acquisition comes hot on the heels of a ...
  • Richemont sees sales rise as Hong Kong protests dent watch growth

    Richemont sees sales rise as Hong Kong protests dent watch growth

    Luxury, Tuesday, 23 July 2019

    Mainland China proved to be a boon for luxury giant Richemont, as demand in the world’s most populous country more-than made up for issues elsewhere. Chief amongst those issues was neighbouring Hong Kong, where protests hit sales of Richemont’s high-end ...
  • Will Lindt sales be buoyed by cold weather earlier in the year?

    Will Lindt sales be buoyed by cold weather earlier in the year?

    Luxury, Monday, 22 July 2019

    It might be hard to remember now we’re in the midst of a European heat wave, but the start of the summer was… shall we say, inclement. While that’s not good news for everyone, Swiss chocolatier Lindt & Spruengli (Lindt) might have something to ...
  • Marriott takes aim at Airbnb

    Marriott takes aim at Airbnb

    Luxury, Friday, 19 July 2019

    The world’s largest luxury hotelier, Marriott International, has homestay market leader Airbnb firmly in its sights. The larger company, however, is not trying to muscle Airbnb out of the space by cloning its business model – rather, it’s proposing ...
  • When it comes to athleisure, running clubs are the new influencer

    When it comes to athleisure, running clubs are the new influencer

    Luxury, Thursday, 18 July 2019

    Global athleisure giants like Under Armour and Adidas have found a new type of influencer – but this one doesn’t live on Instagram. Running clubs, whose membership consists of amateur urban athletes that take to city streets in the mornings, evenings, ...
  • Stella McCartney has jumped-ship to LVMH

    Stella McCartney has jumped-ship to LVMH

    Luxury, Wednesday, 17 July 2019

    High-end eponymous fashion brand Stella McCartney has announced that it has joined the world’s largest luxury company, LVMH. This will come as a surprise to many. Almost a year and a half ago, then-owner Kering sold back its 50% stake in Stella McCartney to ...
  • Ferrari deepens its hold on the auto industry’s wealthiest clients

    Ferrari deepens its hold on the auto industry’s wealthiest clients

    Luxury, Tuesday, 16 July 2019

    If you spent your youth dreaming about owning the best supercar money could buy, Ferrari might have just what you’re looking for. The world’s most iconic luxury supercar maker is known for its flawless design, racing pedigree, exclusivity, and high-price ...
  • Want to go viral? Inditex has the magic

    Want to go viral? Inditex has the magic

    Luxury, Tuesday, 16 July 2019

    In the marketing, creative, and PR worlds, the term “viral” doesn’t refer to being laid up with the flu – it describes the impact created when a piece of content becomes suddenly popular on the internet and starts being shared organically. ...
  • Adidas pledges to offer more support to minority employees

    Adidas pledges to offer more support to minority employees

    Luxury, Monday, 15 July 2019

    Sneaker-selling athleisure giant Adidas has recently reaffirmed its commitment to look after staff no matter their gender, sexuality, or racial identity. The company has come under fire recently as anonymous sources have spoken to the media about alleged ...
  • Galaxy Macau revamp underway in show of confidence from owner

    Galaxy Macau revamp underway in show of confidence from owner

    Luxury, Friday, 12 July 2019

    Galaxy Entertainment Group has confirmed that its flagship property, the Galaxy Macau resort on Cotai, is undergoing significant renovations. Along with other Galaxy properties, this renovation will cost $190 million – that’s a significant investment, ...
  • Hermes US boss sees in-store retailing “here for a while”

    Hermes US boss sees in-store retailing “here for a while”

    Luxury, Thursday, 11 July 2019

    Bob Chavez, US CEO of international luxury super-brand Hermes, recently spoke at the graduation ceremony of the Savannah College of Art and Design’s class of 2019. In conversation with the institution’s president, Paula Wallace, Chavez shone a light on ...
  • Farfetch is all about sustainable fashion

    Farfetch is all about sustainable fashion

    Luxury, Thursday, 11 July 2019

    The fashion world’s foremost online sales platform, Farfetch, is all about sustainability. In championing the cause, Farfetch is leading a wider trend in the fashion world, which has become increasingly aware of its environmental impact in recent years. ...
  • Constellation Brands brings wine in a can to American Football fans

    Constellation Brands brings wine in a can to American Football fans

    Luxury, Wednesday, 10 July 2019

    Constellation Brands, the alcoholic drinks giant behind market-leading beer brands like Corona and Modello, is looking to find a giant new audience this summer: football fans who want their wine in a can. The company said that it has partnered with the NFL to ...
  • Gucci banks on high-end jewellery for further growth

    Gucci banks on high-end jewellery for further growth

    Luxury, Tuesday, 09 July 2019

    Iconic fashion brand Gucci, the jewel in luxury giant Kering’s crown of brands, has branched out into the world of high-end jewellery. Last Tuesday, the brand made its first foray into this world with a dedicated store in Paris, which it hopes will extend its ...
  • Nike’s fiscal fourth quarter was great for revenue – but currency effects hit earnings

    Nike’s fiscal fourth quarter was great for revenue – but currency effects hit earnings

    Luxury, Monday, 08 July 2019

    Footwear specialist athleisure giant Nike reported fourth quarter earnings at the end of June, painting a mixed picture for analysts. On the one hand, the business looked strong – higher revenues and inward investment into the types of architecture that will ...
  • It was a bold move, but Spotify puts an end to indie artists

    It was a bold move, but Spotify puts an end to indie artists

    Luxury, Friday, 05 July 2019

    Music streaming market leader Spotify has officially announced the end of its experiment with independent artists. The company has previously allowed unsigned artists to upload music directly onto its platform in exchange for 50% pf the revenue – that’s ...