Zegna’s Post

Hermès Class-Action Lawsuit Threatens To Expose Luxury Trade Secrets. Luxury leader Hermès has been hit with a class-action lawsuit alleging the company is engaged in the “unlawful practice of tying,” requiring customers to purchase ancillary Hermès products. Read More: https://shorturl.at/qxBC4 #LuxuryConnect #LuxuryCruxx

The CIIE booths of luxury brands have evolved from platforms for product display to platforms for cultural exchange. #ciie Bulgari Cartier Christian Dior Couture Fendi Hennessy Kering Loewe LVMH Richemont #culturalexchange #sustainability

RICHEMONT, RICHES & JOHANN RUPERT 💍👑👜 In early August 2023 In a brazen daylight heist, an armed gang targeted this exact luxury store in the heart of Paris.   They robbers made off with an estimated 10 to 15 million euros worth of goods +- R250m.   Why am I telling you this?   Well this is #Piaget, a Swiss luxury jewellery & watchmaker owned by #Richemont, actually to be more exact owned by #JohannRupert, SA richest man with an estimated fortune of about $10bn – R186bn largely from his 9,1% ownership in Richemont.   How does one get to that kind of money? Well a lot of work, business smarts and access to generational capital.   Compagnie Financière Richemont SA was founded by Johann Rupert in 1988 through the spin-off of the international assets owned by #Rembrandt Group. His father’s company. But what I’m struggle with is whether or not buying from Cartier or his other brands is considered buying Proudly South African?

#LVMH acquiring Richemont, the world's second luxury group, is a potential mega-deal. On the plus side, it would create an unrivalled luxury giant with powerhouse brands like Cartier and Louis Vuitton under one roof. This could boost bargaining power with suppliers and heighten brand dominance. However, I feel regulatory hurdles due to antitrust concerns are high. Plus, merging such large companies can lead to integration issues and potential brand dilution. Overall, it's a complex possibility with both potential rewards and risks. #LVMH #luxuryfashion

Thank you BBC and IMD. Let me add four points that I did not have time to cover during the interview. Burberry's set of Q1 results are encouraging but the new management team will need time to deliver on the strategy. Jonathan Akeroyd's strategy is sound and with Daniel Lee at the artistic helm, what Burberry needs now is focus and discipline to execute and perform on its three strategic pillars. A continuous problem the brand has had is inconsistency -- remember the previous turnarounds by Rose-Marie Bravo and Angela Ahrendts. Practically every decade, the brand is in turnaround mode. Second, the announced expansion into new categories such as handbags and swimwear is excellent and much of the attention and resources might need to be funneled into them to deliver the brands' GBP 5bn goal by 2025. Third, the strategy per se is consistent with the codes of luxury but is not telling enough how the brand will differentiate. That's where Burberry needs to work the hardest. For example, Burberry is betting on its Britishness. Hopefully, over time, it will be able to articulate what it means much more precisely. In a world endangered by totalitarianism, corruption and dictatorships, what British values bring to the world are respect for the individual, creativity and inspiration, work ethics and appreciation for fun and humor. I could very well see the brand push into these more concrete and very aspirational directions, which will help also Burberry deliver on its social promises (ESG). Finally, we are talking about a brand that was ahead of its peers for digital transformation a decade ago. Burberry can regain this edge if it pushes into micro-customer segmentation to discover next opportunities related to customer lifestyles in a context where headwinds still abound for the luxury sector. Burberry #imdimpact #Luxury2050Forum #luxury #strategy #turnaround #futureofluxury #transformation #lifestyle

The luxury goods industry has relied heavily on China, but latest updates suggest that this market is starting to slow. - Overall, major luxury brands have seen a 6% decline in revenues from the region. - Chinese consumers are shifting towards value-oriented luxury purchases, prioritizing items that retain value such as watches and jewelry. - Brands like Versace and Balenciaga are offering discounts of up to 40% on flagship platforms in China, reflecting broader market pressures. - Despite this, high-end brands like Hermès and Louis Vuitton continue to maintain their desirability and exclusivity, targeting high-net-worth clients. Interestingly, the wider Asia-Pacific region, particularly Tokyo and Singapore, is demonstrating resilience, supported by a stable economic environment and robust luxury demand. #LuxuryMarket #China #Asia #ConsumerTrends #LuxuryBrands #Versace #Balenciaga

In the world of luxury goods, the term "emparadise" isn't commonly used. Yet, for Stanislas de Quercize, Member of the Board Of Directors of Christian Louboutin and former president and CEO of renowned brands like Montblanc, Cartier, and Van Cleef & Arpels, it encapsulates his mission to continuously improve life, not just for his clients but also for employees, the planet, and humanity at large. This article delves into his journey, philosophies, and the innovative strategies he employed to steer iconic brands to global prominence while fostering a culture of sustainability and innovation. https://lnkd.in/dUjv5drB

Apart from delivering superb products, Luxury brands have to be culturally relevant. Brands should consider long-term cultural impact in taking a stance in the values that consumers care about. It is less what kind of products you sell and more about what kind of universe you are creating and what lasting impression you want to leave with clients. It’s one thing to post about something on social media, but it is quite another to commit yourself in a permanent way to a culture and the conversation around it. Here is a great example of what Louis Vuitton is doing in Shanghai to stay relevant among its local consumers. #localculture #history #luxury #Louisvuitton #customerexperience #

The Middle East's luxury market is set for a remarkable surge, with experts predicting a doubling in size by 2030. This growth is due to a demand for high-end goods and experiences, particularly in GCC countries. Montblanc, a global leader in luxury writing instruments, watches, and leather goods, is well-positioned to capitalize on this exciting trend. In this interview, Franck Juhel, President of Montblanc Middle East, India, Africa, Greece, and Turkey, shares his perspectives on the brand's strategies, opportunities, and innovation in today's digitally driven and sustainability-conscious market. Check the full interview: https://lnkd.in/e2S2-7mR #Luxury #LuxuryShopping #LuxuryMarket #GCC #Fashion #MontBlanc #Innovation #Sustainability #interview

MLB2023 Industry Talk 1 THE GLOBALISATION OR ADAPTATION STRATEGY OF INTERNATIONAL LUXURY BRANDS IN VIETNAM In an ever-evolving world of luxury fashion and services, the panel session on "The Globalization or Adaptation Strategy of International Luxury Brands in Vietnam" brings together industry experts, and brand leaders to dissect the dynamic landscape of luxury brand presence in Vietnam. The session aims to provide invaluable insights into the approaches taken by international luxury brands to succeed in this dynamic Southeast Asian market. #mlb2023uehxcurtin