The Power of Luxury The top 100 luxury companies generated $281 billion in revenue in 2019 and experienced an 8.5% growth overall. The 2020 annual Deloitte Global Powers of Luxury Goods report showed a concentration of power in the luxury sector. The report reveals that the top 10 companies remained
Burberry COVID-19 Blues Burberry, best known for its iconic trench coats and signature plaids, predicts a significant decline in revenue in the second half of its fiscal year. In the aftermath of the coronavirus pandemic, the brand, like most other luxury fashion labels, has experienced a devastating decrease in footfall
Supreme Finds a New Home Supreme, the cult streetwear and skateboarding brand, has been acquired by Denver-based apparel company, VF Corporation. VF, the parent of Vans, The North Face, and Timberland, has been on the lookout for expansion via external acquisitions. On 9 November this year, a deal was struck
What is luxury? They made us believe that it was the rare, the expensive, the exclusive, everything that seemed unattainable… Now we realise that luxury was those little things that we did not know how to value when we had them and now that they are gone, we miss them
Second-hand Fashion is Worth Billions The market for second-hand luxury fashion is growing 4 times faster than the primary luxury market selling new products. Currently, the luxury resale market is worth £18.5 billion ($24 billion). Milan Station Milan Station launched in China in 2007 selling pre-owned luxury handbags. The brand