Luxury Goods

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Article

Top Trends Shaping Personal Accessories in 2024 and Beyond

Fatima Linares

Fatima Linares

4 Mar 24

After moderate growth in 2022, global sales of personal accessories grew more strongly in 2023; however, geopolitical issues, the cost-of-living crisis and China’s slow recovery suggest a challenging macro environment, pushing brands to navigate into uncharted waters once again in 2024.

Article

Coupang’s Luxury Leap: Farfetch Acquisition Fuels Retail Dominance

Lisa Hong

Lisa Hong

23 Jan 24

Coupang, a major player in South Korea’s e-commerce, has shown exceptional growth in the country and aims to fulfil its aspiration for global penetration. While its attempt to explore overseas market face challenges, Coupang persists in strategic expansions including recent Farfetch acquisitions. Through the acquisition, Coupang is accelerating its transformation from a retailer primarily focused on household essentials to a more comprehensive platform that includes luxury items.

Event

MICAMx 2023

Marguerite LeRolland

Marguerite LeRolland

Strada Statale del Sempione, 28 – 20017 Rho (Milano) 18 Sep 23 | CET: 02:45 PM

MICAM Milano, the world’s leading footwear fair promoted by Assocalzaturifici, is one of a kind: a benchmark event for dealers from all over the world.

Article

Three Trends Driving the Global Luxury Goods Market in 2023

Fflur Roberts

Fflur Roberts

7 Jul 23

As the global economy faces slower growth and high inflation, the challenges and uncertainties facing both luxury consumers and key players are escalating. The extraordinary global disruptions over the last few years have led to the rise of a new economic reality that is shaping the consumption of luxury goods and business outcomes today, but is similarly setting the benchmark of what we should expect for the short-term outlook.

Event

LuxuryLab Global

Fflur Roberts

Fflur Roberts

Four Seasons Hotel Mexico City Av. P.º de la Reforma 500, Juárez, Cuauhtémoc, 06600 Ciudad de México, CDMX 20 Jun 23 | CT: 05:15 PM

As consumers increasingly demand the transition to an inclusive society, a unique window has opened for luxury brands to become better agents of social change by aligning their missions, values, and strategies with social purpose.

Article

Top Trends for Personal Accessories (Part 3): Sustainability Beyond the Claims

Fatima Linares

Fatima Linares

26 Apr 23

From incorporating low-carbon fibres into the manufacturing process, to responsible sourcing, to labelling and marketing claims, and to giving back to production hubs, personal accessories has major challenges ahead as sustainability takes centre stage globally.

Video

Luxury and Fashion: What to Expect in 2023?

Fflur Roberts

Fflur Roberts

1 Mar 23

The world continues to be a challenging place in 2023. Just as we thought it was safe to re-engage after the pandemic, the global economy started to look fragile again. In this video Fflur Roberts and Marguerite LeRolland, Euromonitor’s respective Heads of Luxury Goods and Fashion, discuss what they think will be the most impactful trends in the year ahead. How is the industry adapting to new retail preferences as our new lifestyles and working habits take form? What value propositions are consumers looking for in an inflationary environment and a cost-of-living crisis where spending is being squeezed. With the growing urgency in sustainability, what new business models are we likely to see filtering through?

Article

Duty-Free Shopping a Missed Opportunity for UK Tourism?

Alexander Goransson

Alexander Goransson

7 Dec 22

In its autumn budget the UK government announced that it would be re-instating VAT reclaim shopping for inbound tourists (AKA duty free), marking a U-turn as this was abolished in 2021 when the market was worth GBP3 billion, annually. Here we discuss the potential for VAT re-claim once re-instated, the wider role of shopping as a driver of tourism to the UK and how other industries may benefit, such as luxury.

Event

Jewellery & Watch Show

Amna Abbas

Amna Abbas

9 Oct 22 | GST: 10:00 AM

Jewellery and Watch Show has successfully showcased the elegance of the jewellery industry, making Abu Dhabi the region's destination for thousands of travelling jewellery and watch designers, suppliers, manufacturers, and wholesalers.

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