1. Vuitton to hire more French handbag makers as Chinese sales boom
AKLC COMMENT(S): Wow! That’s some great news
LVMH’s Louis Vuitton brand will hire another 1,500 manufacturing staff in France by 2022, as it expands production to meet strong demand in markets like China.
The label, LVMH’s biggest revenue driver, makes the bulk of its trademark leather and canvas handbags in its home market, where it employs around 4,300 people in 16 leathergoods workshops. It will take on an additional 1,500 over the next two to three years as these factories get up to full capacity and it opens two more, Vuitton said on Thursday.
2. Ride of the wealthy: Rich Indians prefer Bombardier jets; Audi & BMW cars favourite
AKLC COMMENT(S): Indians are thriving luxury!
Almost half of the wealthy like to renew their luxury car every 3-4 years.
A private jet. You have truly arrived when you arrive in one. Or at least, that’s the general consensus. And on the off chance that you are shopping around for one, take a look at the ones that the rich favour.
Hurun India’s Luxury Consumer Survey 2019 has done the research for you, listing out the most popular private jet brands. According to the survey, Bombardier is the most popular private business jet brand and Gulfstream grabs the second position. Other brands on the list include ..
3.Ganesh Chaturthi sees high gold demand despite steep prices
AKLC COMMENT(S): Great! Its truly a time to indulge for Indians in the festive season.
Gold and silver jewellery enjoyed strong demand this Ganesh Chaturthi, despite the current high prices for the precious metals.
Ganesh Chaturthi, which took place on September 2, helped to boost the gold and silver jewellery trade with renewed demand, especially for silver-made modak, flowers, and necklaces, TNN reported. The festival is a time when many devotees purchase jewellery or ornaments for Ganesh statues and some purchase jewellery for the upcoming festive season.
4. Reliance targets more retail acquisitions abroad
AKLC COMMENT(S): Looking forward to more international brands in India
India’s Reliance Industries Ltd is looking to buy fashion and child-focused retailers abroad and partner with global sports and beauty brands as part of its expansion into consumer markets, a top executive told Reuters.
Under Asia’s richest man, Mukesh Ambani, Reliance Industries is pivoting from an oil-led conglomerate into a more consumer-facing company, selling everything from handbags to broadband to try to tap into Indians’ rising disposable incomes.
Reliance Brands already runs high-end stores in India with some 40 foreign partners, including British label Burberry, shoemaker Steve Madden and New York-based Iconix Brand Group Inc, through joint ventures and franchises.
5. Style guide: Genesis Luxury creative director says men should experiment with fuschia pink, invest in a good pocket square
AKLC COMMENT(S): Men, take notes
“The five essentials for any man building his wardrobe are: A pair of jeans, a suit, a shirt, a belt and a pocket square. Most men possess jeans, so one doesn’t really need to be told to add that. But a suit in navy or grey, with a notch lapel is also really important. A pocket square is also pretty interesting. And of course, a basic white suit shirt acts as a canvas for any tie.”
Article link: https://economictimes.indiatimes.com/magazines/panache/style-guide-genesis-luxury-creative-director-says-men-should-experiment-with-fuschia-pink-invest-in-a-good-pocket-square/articleshow/70986693.cms
6. LVMH Backs Tech that Identifies Fake Luxury Handbags in Under Four Seconds
AKLC COMMENT(S): Amazing
Product authentication has proven to be a major pain point on both industry and federal levels this year, as the number of counterfeit goods entering the U.S. has drastically increased. In the span of just one day alone last month, the U.S. Customs and Border Protection reported the seizure of 5,300 counterfeit goods at LAX, including a total of 1,263 fake handbags. In 2017, total handbag and wallet seizures were valued at $234,451,926 USD.
LVMH’s third edition of its La Maison des Startups program took note of this growing industry issue by selecting authentication service Entrupy as one of 26 companies that will participate in the incubator. Founded in 2012, Entrupy is an artificial intelligence app and handheld device that aims to help stop counterfeits from entering the supply chain. Of the 26 companies selected by LVMH, the startup is the only one that addresses product authentication.
7. Gucci says it’s now carbon-neutral
AKLC COMMENT(S): An important initiative towards sustainability
It used to be that what mattered in fashion was the trend. Today though, consumers aren’t only buying a label because of the product it turns out or even the relative prestige of that label. In fact, other issues count these days, including authenticity, ethics and the all-important sustainability. So it’s significant that Gucci said on Thursday that it’s now completely carbon-neutral.
8. 15 Standout Yachts That Will Debut at Cannes Yachting Festival This Weekend
AKLC COMMENT(S): Wooooww
Docks opened to the 51,000 visitors of the 42nd Cannes Yachting Festival on Tuesday, effectively kicking off the fall boat-show season. The seaside city of Cannes, set along the French Riviera, makes way each year for everything from go-fast speedboats to tenders, dayboats and superyachts, both motor and sailing. In total, this year’s show features 542 exhibitors and 640 boats in the water, from Astandoa to Wally—and beyond.
“This year the Yachting Festival is organized between the two ports,” says Sylvie Ernoult, director of the Cannes fest. “The Vieux Port hosts the ultimate in motor boats while Port Canto becomes the new showcase for the most beautiful sailing boats.” Ernoult points out that free sea and land shuttles are provided to help visitors get from one port to another easily. She recommends taking the day boat—which offer magnificent view of the Croisette and the bay of Cannes—to enjoy a fleeting moment on the water.
9. Macy’s announces 5-point plan to promote diversity and inclusion
AKLC COMMENT(S): All about diversity & inclusion
Fashion companies continue to invest in strategies that promote inclusion. Macy’s is the latest such company, as the American retailer, which operates Macy’s and Bloomingdale’s stores, has announced a new approach intended to ensure that it reflects the diversity of the communities it serves.
The company has outlined a 5-point plan to reach its inclusivity goals.
As the first of its five points, Macy’s has updated its Customer Bill of Rights and expanded colleague training to ensure the company remains welcoming, accepting and respectful to all customers. All Macy’s and Bloomingdale’s locations will have a copy of the new Customer Bill of Rights by the start of the 2019 holiday season.
10. Millennials are a driving force in the global luxury retail market
AKLC COMMENT(S): Very Informative
Millennials will account for half of global luxury spending by 2025, predicts Boston Consulting Group. The challenge for luxury brands will be how to engage this generation that has grown up with digital technology, while still catering to older buyers of high-end goods.
There’s been plenty of talk about how millennials are killing the breakfast cereal market, casual dining, department stores, cable TV, etc. This has generated considerable backlash. And, while some of this is understandable, it also deserves some pushback, because millennials are actually “disruptors” in their own right.
11. Sabyasachi collaborates with Thomas Goode for homeware collection, plans Dubai exhibition
AKLC COMMENT(S): Sabyasachi never fails to amaze !
Designer Sabyasachi Mukherjee has collaborated with the UK-based luxury retailer Thomas Goode & Co to create a collection of trousseau homeware, some of which was painted by Mukherjee’s team of 43 artists.
The “Sabyasachi for Thomas Goode” collection launched on September 17. The collection is designed as a wedding trousseau and includes hand painted dinner plates, glassware, table linen, and other lifestyle accessories. Mixing the 200 year old heritage of Thomas Goode and Sabyasachi’s renowned craftsmanship, the collection is presented in a Thomas Goode’s hand-crafted luxury shipping case.
12. Why Luxury Fashion Brands Need Chief Diversity Officers
AKLC COMMENT(S): A way of embracing the millennial thought process,which is the only way of luxury ahead.
Last month, Teddy Quinlivan took to Instagram to announce that she was the face of Chanel Beauty — making her the first openly transgender model to work for the luxury French house. “This was one of those triumphant-cry moments for me,” she wrote. “My whole life has been a fight. … I am deeply humbled and proud to represent my community.”
Across social media and elsewhere, the reaction was astounding as praise and admiration for both parties — Chanel and Quinlivan — poured in. The news came just over a month after Chanel named its first-ever global head of diversity and inclusion: Fiona Pargeter, who had previously assumed the same role at Swiss bank UBS for Europe, the Middle East and Africa. She was hired, Chanel said in a statement, to “help evolve our existing Diversity & Inclusion approach and continue supporting our momentum on these topics. This recruitment is a sign of our commitment to D&I and its importance to the house.”
13. Hermès Just Brought This Spectacular High-Jewelry Collection to New York
AKLC COMMENT(S): Wow!
Leave it to Hermès to totally reinvent the idea of the chain for high-jewelry. The Enchaînements Libres collection gives a big and bold new spin to an old jewelry staple while still representing the codes of the maison as a harness-maker and saddler—as well as a nod to its ties to the nautical world. While the collection debuted last summer, the pieces were brought to New York for the first time to be shown to clients. To present the stunning collection, Pierre Hardy, Hermès’ creative director of high-jewelry, took to the stage during a presentation at Jazz at Lincoln Center, where modern dancers, choreographed by Christian Rizzo, opened a show that looked more like a ready-to-wear runway than a high-jewelry presentation. A series of models clad only in black appeared afterward in the new jewels, allowing guests to get up-close to the pieces at the end of the presentation.
14. Playful and pretty Emporio Armani
AKLC COMMENT(S): Gorgeous
Looks like Giorgio Armani had great summer – judging from the carefree, cheerful and cosmopolitan Emporio collection he presented Thursday morning in Milan.
His traditional summer stay on his island retreat on Pantelleria and a subsequent cruise around the Med clearly has clearly done the designer the world of good.
For this was an energized Emporio Armani show. Where the color palette said it all: powder pink, sky blue and acid green – optimistic, upbeat and techy. All the way to the powerful finale – a dozen or more silver surfer gal fantasies – made in hyper light materials; pinstriped silk that looked like paper; light embroidery; vaporous tulle; crushed metallic microfibers.
15. A No-Deal Brexit Will Cost the UK Luxury Sector Billions. So, Why Are These British Brands So Relaxed?
Research suggests Britain’s luxury brands could lose at least £6.8 billion ($8.5 billion)—and that may just scratch the surface.
Were there such a book as The Idiot’s Guide to Brexit, it wouldn’t be a book—it would be a several-volume treatise, complete with humongous jargon-busting glossary, by the end of which our nominal “idiot” had become a bona fide scholar in British constitutional politics.
16. World Tourism Day 2019 Special: 6 Diverse Places Around The World That Will Give You a Rich Cultural Experience
AKLC COMMENT(S): Wow! More travel awaits 😉
Almost every second person you meet these days will say travelling as their favourite hobbies. And over the years, thanks to the easy accessibility and flexibility of resources, a lot of people are travelling around the world. Tourism is one of the many ways which promotes a culture of one place to another. The United Nations World Tourism Organization thus celebrates a World Tourism Day every year. Marked annually on September 27, this day is a landmark for global tourism. The idea is to create awareness among the global society regarding the importance of tourism, and it’s social, political, financial and also cultural worth and value. So on a day that essentially celebrates the idea of culture and tourism, we give some of the best culturally diverse places in the world. World Europe Day 2019: 5 Summer Destinations That You Can Visit in This Beautiful Continent Filled With Nature’s Bounty!
17. Ulysse Nardin Marine Torpilleur Monaco Yacht Show
AKLC COMMENT(S): Interesting!
Ulysse Nardin unveils a new version of its Marine Torpilleur to coincide with the annual Monaco Yacht Show (MYS). Renowned as the most prestigious superyacht show (to give you an idea of the kind of crowd it attracts the MYS offers a helicopter shuttle service), Ulysse Nardin will sail into Port Hercules for the event with a limited-edition Marine Torpilleur model. Capitalising on this high-profile event and the luxury-loving crowd it attracts, Ulysse Nardin showcases its latest Marine Torpilleur Monaco Yacht Show Limited Edition. Essentially the same case and chronometer-certified movement as the Torpilleur models introduced in 2017, the novelty here is the Grand Feu enamel dial and inscriptions relating to the MYS.
18. LIFE at LVMH: Antoine Arnault on the luxury giant’s new sustainability strategy
AKLC COMMENT(S): Wonderful, Incredible, Fantastic initiative.
LVMH unveiled a major new plan on the environment and sustainability Wednesday, which included the launch of an animal-based raw material charter; creation of a scientific committee and a series of strategic link-ups covering Amazon firefighting and a Man & Universe partnership with UNESCO.
19. Kylie Jenner announces a new collaboration with French luxury brand Balmain to launch at Paris Fashion Week in a sultry Instagram photo
AKLC COMMENT(S): Congratulations ! Good luck
She’s showed off a black sequined Balmain dress and a matching bag last week.Now Kylie Jenner is ready to partner on a new line of cosmetics with the long-standing French luxury brand.The 22-year-old Keeping Up With The Kardashians star shared a steamy photo to Instagram late Monday night announcing that the Kylie X Balmain collection would drop this week during Paris Fashion Week.
20. Dior’s SS20 Tree-Filled Paris Fashion Week Show Pays Tribute To Nature And The Environment
AKLC COMMENT(S): Amazing!! Again, its all about sustainability
To present her Spring Summer 2020 collection, Italian fashion designer and Creative Director of Dior, Maria Grazia Chiuri, turned to nature for inspiration.
Observant of the current climate crisis and the need to be more cautious about the Earth’s resources, Chiuri opted to stage the runway in the middle of a secret woodland garden, with the models walking between the trees.
Taking place at the Paris-Longchamp hippodrome in the French capital on Tuesday, the show’s guests – including Jennifer Lawrence, Karlie Kloss, Jorja Smith and Erin O’Connor – sat among the rose-garden-meets-forest, in what is likely to be the most enchanting of this season’s show sets (though we’ve yet to see Chanel’s).