A growing number of players in the luxury industry like Vacheron Constantin, LVMH and Farfetch are embracing blockchain technology, marking a significant shift in the market towards the use of new technologies that could have far-reaching implications. Last month, Farfetch revealed it was joining…
Tag Archive for LVMH
ASPIRE Pick of the Week: Kering Group Bans Hiring Models Under 18
A lot of limelight has been shone on the exploitation of young boys and girls in the fashion industry. Frankly, it could simply be peer pressure, but the impact is often too intense for these adolescent few. In a revolutionary step taken by French luxury group Kering, models under 18 have been ba…
ASPIRE Pick of the Week: How China Is Changing Up the Wine Industry
Ningxia nowadays hosts more than 40,000 hectares of vines and 199 wineries, the majority of them small boutique estates focused on high-quality vintages with an average production of less than 100,000 bottles per year each. Ningxia’s wines have already won several prestigious international compet…
Luxury Companies Are Consolidating but Still Offering Diversity
According to a new report from Baker McKenzie, Michael Kors’ Versace takeover, Richemont’s move for complete Yoox Net-A-Porter Group control and LVMH’s Belmond buy show that luxury brands are diversifying their holdings into new markets and territories. As consumers’ interests continue to grow, t…
Paris Aspires to Be the Capital of Sustainable Fashion by 2024
Gathered at the Institut Français de la Mode recently, Frédéric Hocquard, deputy to Paris mayor Anne Hidalgo in charge of cultural diversity and nightlife; Antoinette Guhl, deputy in charge of social economy and solidarity, and Isabelle Lefort, a former fashion journalist, launched “Paris Good Fa…
Rihanna to Work with LVMH on New Luxury Collection
Transcending her role as a singer, Rihanna has dabbled in several industries – acting, modelling and building her brand. Her formidable influence is perhaps best exemplified in the time Dolce & Gabbana’s jewel-encrusted headphones sold out within 24 hours after Rihanna tweeted herself in it. …
In Conversation with Hennessy’s Global Brand Ambassador, Monsieur Fabien Levieux
Global brand ambassadors aren’t essentially sales people but are typically great public speakers with top communication skills and are ready to influence the way people experience a brand. Their work drives brand knowledge and brand intimacy. Catching up with Fabien Levieux during his recen…
China’s Thirst for Wine Is Outpacing the Rest of the World
With China set to out-drink the majority of the world by 2020 and online shopping habits becoming an increasingly important factor for businesses to consider, one could justifiably wonder whether the future of wine is coded within an Eastern IP address. According to private bank Julius Baer’s Wea…
Luxury Aficionado Deremi Ajidahun, and the Business Of Luxury Retail in Africa
Deremi Ajidahun, CEO of Hole19 Group and Zakaa retail stores, is determined to change the way Nigerians purchase fine watches and is often congratulated by Swiss CEOs on the appetite of Nigerians vacationing in Paris, London or New York for these luxury goods. The African retailer responds to thi…
Stars War: It’s Gucci Vs. Louis Vuitton
Marco Bizzarri, Gucci CEO, recently announced that Gucci aims to reach 10 billion euro in revenues in the near future. In 2017, the brand reached a peak of 6.2 billion euro with a growth rate of 42 percent compared to the previous year. The brand’s obvious target is Louis Vuitton, owned by …