Business of luxury summit
Resources
Instead of struggling through “the perfect storm”, the luxury goods industry is delighting in “the perfect calm”. Conditions are benign across the globe, fuelling double-digit growth at the big brands.
VIDEO CLIPS FROM SUMMIT
Live from Las Vegas
Like no other sector, the luxury goods industry has been emblematic of the recent strength of the global economy. For manufacturers of expensive handbags, watches, jewellery and other indulgences, strong trading conditions have led to double-digit sales and profit growth. Lauren Foster, Vanessa Friedman and Adam Jones report from the FT’s two day Business of Luxury Summit in Las Vegas, USA.
Day 2 blog: ‘Freedom within a framework’
Robert Polet, chief executive of Gucci Group, famously worked in frozen foods before switching to fashion. Speaking on day two of the FT’s business of luxury summit, he explained how consumer multinationals can learn from the luxury goods industry.
Day 1 blog: ‘One plus one equals three’
Christophe Navarre, chairman and chief executive of Moët Hennessy, closed the first day of the summit with a discussion on co-branding, where star brands partner in a relationship which is “the magical equation in the luxury world”.
Brands assess risks of extending global reach
Luxury goods makers are seeking new ways of maintaining an aura of exclusivity while continuing to broaden their sales base.
New hotspots emerge as luxury goes local
Economic and demographic shifts are forcing the luxury goods industry to reconsider its traditional concentration in New York and a handful of other wealthy cities.
Number in the news: Fantasy fashion league
Giorgio Armani and Gucci are the world’s most coveted designer brands with nearly one in three respondents saying they would buy them if money was no object.
