Fashion Friday: Rihanna's Fenty and the New Era of Luxury
Lorna Hennelly
As luxury brands struggle to stay relevant, many of these brands are now recognizing how important millennial consumers are. Young, affluent consumers are taking cues from casual streetwear, demand newness, and expect brands to reflect their ideals.…
LVMH’s Purchase of Rimowa Illustrates the Uncertainty of the Luxury Market
Jasmine Seng
2016 has been a bumpy year for the luxury market, plagued by the decline in luxury spending by Chinese tourists, plunging oil prices which have led to a major currency shake-up in Latin America and Russia, terrorism threats in traditional luxury…
Personal Accessories: Technology as the Answer to Future Growth
Jasmine Seng
Outlook for the personal accessories industry in 2016 is looking up, with an estimated growth rate of 2%. With the strengthening US dollar, demand in North America for personal accessories is gaining traction as the economy is showing signs of…
Iran’s Recent Progress Signals Potential for Foreign Retailers. Which are Most Likely to Move in?
Tim Barrett
Despite the future unknowns, Iran appears to be making real progress when it comes to international reform. Early in 2016 it began to roll back its nuclear program enough to begin the process of lifting its harsh economic sanctions. Elections later…
The Battle of the Fragrance Titans - J'Adore Dior Vs. Chanel No. 5
Euromonitor International
Back in February during LVMH’s annual shareholder meeting, Bernard Arnault stated that the company aims to make J’Adore the world’s best-selling women’s fragrance. He went on to say how the fragrance has already overtaken its main rival (Chanel No 5)…
Why US Still Trumps China in Personal Accessories Strategies
Euromonitor International
Owing to the emergence of several metropolitan cities and the subsequent appetite for luxury purchases in China, the country has been the undoubted growth driver of several accessories brands over the past five years. China overtook the US to become…
Boom to Struggle: Changing Prospects of Cognac in China
Euromonitor International
Up until 2013, selling cognac in China was considered to be one of the sure fire ways of generating great revenues and profits. Between 2007-2012 volume sales grew by 119% (14.8 million litres), with retail sales up by 186% (RMB31 billion, US$5…
Diversification Key to the Future of LVMH
Euromonitor International
Recently released financial results for the 2013 calendar year highlight some of the major strategic issues facing LVMH. Overall company revenues rose by 4% compared to 2012 and the biggest business group, ‘Fashion & Leather Goods’,…