According to a survey for the Altagamma association with BCG, a growing interest in collaborations and second-hand items are the features of a new kind of luxury goods consumption, chiefly by youngsters.
France accounts for over one quarter of the total sales of the top 100 luxury corporations worldwide according to Deloitte’s 2019 report, with 9 groups listed and LVMH, L'Oréal, Kering and Chanel in the top 10.
Hanneli Rupert, daughter of Johann Rupert, chairman of Cartier and Richemont, has emerged as a countercurrent voice defending the use of exotic leather while the rest of the industry has been moving away from it.
Raymond Massaro, one of France’s most famous shoemakers, whose footwear shod Karl Lagerfeld for many decades, has died at the age 90. Elizabeth Taylor, Romy Schneider and Barbara Hutton would wear his creations.
Woolworths Holdings has launched a limited edition makeup line in collaboration with Beyonce’s makeup artist Sir John on Thursday, seeking to strengthen its private label brand in its first international collaboration.
Paris department store Galeries Lafayette is opening a new branch on the Champs-Elysées, introducing a wholly redesigned store concept enabling the group to offer a unique response to international competition.