Luxury Goes Mainstream: Walmart’s Partnership with Rebag Offers High-End Fashion Finds to the Masses In a surprising move that has the fashion world buzzing, retail giant Walmart has recently announced a groundbreaking partnership with luxury reseller Rebag. This collaboration promises to bring thousands of pre-owned Hermès, Chanel, and Louis Vuitton accessories to Walmart’s online marketplace, […]
Why Fashion Needs the Art World More Than Ever
Why Fashion Needs the Art World More Than Ever Art Basel Miami Beach has solidified its position as a cultural tentpole, drawing America’s wealthiest individuals and an increasingly diverse art customer base. This convergence of art and affluence is not just a display of aesthetic appreciation; it signifies a significant opportunity for the fashion industry […]
Richemont’s Sales Soar in Early Sign of Luxury Recovery
Richemont’s Sales Soar in Early Sign of Luxury Recovery Swiss luxury goods group Richemont has recently delivered a promising update to the market, indicating a potential rebound in the high-end retail sector. The company reported a significant 10 percent surge in sales during the three months through December, citing a strong performance despite the challenging […]
Kering Sells Majority Stake in Three Paris Properties to Ardian
Kering’s Strategic Move: Selling Majority Stake in Three Paris Properties to Ardian In a strategic business decision, Kering, the renowned French luxury group, has recently announced the sale of a majority stake in three of its prestigious Paris properties to Ardian, a leading global investment company. This significant transaction marks the beginning of a new […]
Executive Memo | Luxury Has a Pricing Problem. What Now?
Executive Memo | Luxury Has a Pricing Problem. What Now? In the realm of big luxury brands, a troubling trend has emerged – steep price hikes that are shaking the very foundation of their value proposition. This sudden shift has led to a sharp downturn in the demand for luxury megabrands this year, sparking concerns […]