Among Luxury Brands, Instagram Is the Top Engagement Platform

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PMX Agency’s latest report reveals top luxury brands and web sites In its annual Luxury Brands Online report, the PMX Agency noted the growth and influence of Millennials and Generation X in the luxury space as well as the influence … Read More

High-End Malls in Top Cities Are Where the Chinese Go to Buy Luxury, Offline

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Luxury brands should expand their store networks in China’s first-tier cities such as Beijing, Shanghai and Shenzhen because shopping malls there are where the country’s wealthy people really go to spend money on luxury goods. The Chinese site Fashion Note compared … Read More

Luxury retailer MatchesFashion sold for $ 1 billion

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MatchesFashion has been purchased by private equity firm Apax Partners at a reported $1 billion, according to The Business of Fashion. Founders of the lifestyle purveyor Tom and Ruth Chapman, as well as existing venture capital backers Scottish Equity Partners (SEP) and Highland Europe, … Read More

Why luxury brands no longer give China’s online marketplaces the cold shoulder

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The world’s biggest luxury brands are increasingly jumping into China’s US$751 billion e-retail market The world’s biggest luxury brands have had a change of heart towards China’s online marketplaces, which they once saw as a no-win battleground of counterfeit sellers, … Read More

LVMH’s watch brands could maintain double-digit growth in the second half of 2017

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Sales of LVMH‘s watch brands could maintain their double-digit percentage growth in the second half of 2017, despite tougher year-on-year comparisons, the head of the luxury company’s watch business said on Thursday. Watch and jewellery sales at the world’s biggest … Read More

Gucci Isn’t the Only Brand Fuelling Growth at Kering

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The luxury conglomerate’s growth trend continues at an impressive pace, thanks to sales increases in nearly every region and from more brands than powerhouses Gucci and Saint Laurent. PARIS, France — French luxury group Kering delivered a forecast-beating rise in first-half operating profit on … Read More

LVMH Profit Grows at Fastest Rate Since 2011 as Asia Rebounds

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Profit from recurring operations rose 23 percent to €3.64 billion ($4.23 billion) in the first half, the French luxury goods conglomerate reported Wednesday. PARIS, France — LVMH, the world’s biggest luxury-goods maker, reported first-half profit in line with analyst estimates as earnings … Read More

Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billion

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LONDON (Reuters) – U.S. retailer Michael Kors (KORS.N) agreed to buy luxury shoemaker Jimmy Choo (CHOO.L) for $1.2 billion, snapping up a British company whose towering stilettos have been made famous by celebrity customers from Princess Diana to Kendall Jenner. … Read More

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