Study: Millennial Women Are Shunning Fakes for the Real Thing

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Despite living in a world dominated by fast-fashion retailers, which make runway lookalikes wildly affordable and almost instantly available, fewer and fewer millennial women are looking for fakes when it comes to luxury goods. This sentiment is apparent in the … Read More

Luxury Brands: Innovation Is No Luxury, But A Necessity

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In the 2017 State of the Luxury Industry Study, sponsored jointly by Luxury Daily  and Unity Marketing, the over 600 industry insiders surveyed identified the need for innovation a critical business priority for 2017. Because of the rapidly changing consumer … 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

Louis Vuitton Launches eCommerce Site In China

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French fashion brand Louis Vuitton, part of LVMH, announced that it has launched an eCommerce website in China. According to Reuters, the move comes as the luxury retailer tries to tap into the country’s booming online shopping market. Louis Vuitton, … Read More

Luxury brands look to Australia: 50 different retailers are considering expanding Down Under

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International luxury and premium brands are eyeing off Australia as a prosperous market, with experts believing the local luxury goods market could become more similar to Europe’s in the coming years. Real estate firm CBRE said in a recent trip to … Read More

Alibaba, Tencent Benefit From Luxury-Goods Boom

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Luxury sales in China are expected to increase between 6% and 8% this year, presenting a big opportunity for ecommerce giant Alibaba Group and rival Tencent. Thanks in part to increasing discretionary spending on the part of Chinese consumers, easy … Read More

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