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What does luxury mean to the modern consumer? In what ways are our manufacturing methods changing our understanding of craftsmanship, and where are the biggest areas of growth within the industry? Do words like artisanal and authenticity still have the same currency or is social responsibility the buzz word? Does a brand have to work harder to engage with the consumer and where is this engagement paying off?
This year’s gathering of senior luxury executives, industry leaders, corporate decision makers and financiers from around the world assessed how the technological revolution has changed the luxury market completely and how our understanding of what constitutes modern luxury has been transformed.
The 2016 Business of Luxury Summit in San Francisco talked to the artists, economists and executives leading the creative revolution.
Here’s a taster of what was discussed.
Saint Laurent chief on balancing the business
Francesca Bellettini, chief executive of Saint Laurent, talks to the FT’s fashion editor Jo Ellison about cleaning up the company, looking at new markets from a digital perspective and why retaining talent is the biggest challenge for luxury brands
The changing role of the creative director
From the Financial Times Business of Luxury Summit in San Francisco, Peter Copping of Oscar de la Renta talks to Jo Ellison, the FT’s fashion editor, about the responsibilities and challenges of the creative director at a luxury fashion house.
Is the luxury industry in crisis?
Luxury is in a state of flux. Company earnings are mixed, retail footfall is decreasing and the Asian market is vulnerable. But is it an industry in crisis? Jo Ellison, fashion editor, reports from the Financial Times Business of Luxury Summit in San Francisco.
Tiffany chief targets millennials
Tiffany & Co is one of the world’s most iconic luxury brands but its share price has fallen around 25% in the past year. From the Financial Times Business of Luxury Summit in San Francisco, Frederic Cumenal, Tiffany chief executive, tells the FT’s Gillian Tett how he plans to reverse investor concerns.
Tech companies disrupt luxury
From the FT Business of Luxury Summit in San Francisco, Daniel Garrahan profiles four women who are helping to change the way the world looks at fashion
Levi’s chief on luxury and lifestyle
From the Financial Times Business of Luxury Summit in San Francisco, James Curleigh, president of Levi’s, tells Lionel Barber, FT editor, that the jeans company is a luxury and lifestyle brand.