Luxury Daily
Commerce
Balmain slots in new CEO

Luxury veteran Matteo Sgarbossa is taking over the top position at the French fashion label, effective May 6, 2024.

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Jewelry
Cartier pushes 2024 Women’s Initiative Fellows list live

The French jewelry maison is honoring the achievements of 33 female entrepreneurs via its annual program.

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Travel and hospitality
Partnership with Vinitaly brings oenology to Orient Express

The luxury hospitality brand is introducing expertly curated fine wine options on regional train rides throughout Italy, starting in spring 2025.

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Commerce
LVMH revenues dip 2pc in Q1

Leaders at the French conglomerate cite inflation and luxury spenders leaning toward the experiential among the factors impacting sales.

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Research
Africa’s millionaire population to jump 65pc by 2033: Henley & Partners

Despite housing some of the world’s fastest-growing markets including Mauritius and Morocco, several hurdles are impeding the region’s wealth and luxury sector.

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Columns
Luxury Unfiltered: Brand stories are the secret to creating desirability

Luxury Unfiltered is a weekly column by Daniel Langer, an expert in luxury branding, hospitality and activations who was named a “Global Top 5 Luxury Key Opinion Leader” by Netbase Quid.

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Arts and entertainment
Kering announces 2024 Women in Motion Award recipient

The French luxury conglomerate will celebrate NBCUniversal Studio Group chair Donna Langley at a ceremony taking place in Cannes, France next month.

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Jewelry
Latest Tiffany & Co. exhibition makes Tokyo debut

Running through June 23, 2024, the design show is the U.S. jeweler’s largest to date.

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Automotive
Maserati turns focus toward all-electric fleet at ‘Folgore Day’

The Italian automaker unveiled a new campaign and launched its first convertible EV at this week’s anniversary event.

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Retail
Valentino opens new flagship store in London

The Italian fashion house seeks to further a shift toward more intimate shopping experiences at the Sloane Street boutique.

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Fragrance and personal care
Prada’s seafaring scent gets star treatment in documentary

As sailing season gets underway, a masculine fragrance is getting a boost from the Italian fashion brand’s yachting team and American actor Jake Gyllenhaal.

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Research
Private equity deal value fell by 37pc in 2023: Bain

Although cashflow is becoming more restricted in the industry, the global consulting firm remains upbeat despite near equal odds of collapse or recovery.

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Events/causes
Tod’s Group restoring 16th-century palace in Italy

The Italian fashion label is financing the rejuvenation of Milan’s Palazzo Marino, which has been the design capital’s city hall since 1861.

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Home furnishings
Hermès highlights equestrian-inspired home goods for Milan Design Week

From April 16 to April 21, the French fashion and leather goods house will be presenting its latest collection alongside heritage items.

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Food and beverage
Glenmorangie supports female distillers with OurWhisky Foundation

The LVMH-owned Scotch whisky maker’s master blender Gillian Macdonald created a unique bottle of Ardberg Twenty that was sold at the nonprofit’s inaugural auction.

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Apparel and accessories
Designer Roberto Cavalli dies at 83

The Italian fashion label’s eponymous founder passed away at his home in Florence on April 12, leaving behind a legacy of animal prints and glamor.

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Jewelry
Dior crosses borders with internationally-cast Rose des Vents campaign

The French fashion house is out with three renditions of a glittering advertisement that targets spenders in the major markets of China, South Korea and the United States.

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Healthcare
Technology, personalization defining next frontier of wellness: Ipsos

During the research firm’s latest “What the Future” webinar, the evolving health needs and demands of American consumers were discussed.

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QUOTE OF THE DAY
Luxury Unfiltered: Brand stories are the secret to creating desirability
By

Luxury Unfiltered is a weekly column by Daniel Langer, an expert in luxury branding, hospitality and activations who was named a “Global Top 5 Luxury Key Opinion Leader” by Netbase Quid.

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How artificial intelligence is changing the fashion industry
By

AI’s effects are sweeping the fashion world, from campaigns to the shopping experience and even design.

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Luxury Unfiltered: The mistake the luxury industry is making with AI
By

Luxury Unfiltered is a weekly column by Daniel Langer, an expert in luxury branding, hospitality and activations who was named a “Global Top 5 Luxury Key Opinion Leader” by Netbase Quid.

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Personalize luxury brand marketing strategies for lasting loyalty
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To stand out, luxury brands must cultivate personal and memorable experiences for their customers.

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