
Explore recent luxury news, trends and insights,
along with the latest from LCC and its
community of members.
INTELLIGENCE
Brands are unleashing generative AI design tools for customers
There’s been a surge in luxury brands using AI to put design in the hands of their customers. DIY products and ad campaigns from Reebok, Adore Me and Versace invite people to use generative art to create new works inspired by the brand’s look and feel.
What can luxury brands do to boost sales in China?
After a great first quarter, luxury sales in China have reported a very mixed bag of results, no longer growing in the double digits. China still remains a critically important market for luxury and brands must focus on how they can boost sales in China amid this downturn.
The Start-Ups Defying the Luxury E-Commerce Slump
We all know about the luxury e-commerce slump of late and have been spending the time dissecting what and where it all went wrong, but attention of the market has turned to some new smaller marketplaces beating the odds with a focus on emerging accessible luxury brands and operating costs.
Price Harmonisation: Lots of Talk but Relatively Little Action in Luxury
Companies’ strategic alignment of prices of products and services across different markets and channels –has been a recurring topic of discussion in the luxury segment over the past decade or so, and despite a media attention to the practice of harmonized “global pricing”, the number of companies that have actually embarked upon fully-fledged price harmonisation campaigns is relatively few.
Brand Rituals & Crafting Signature Moments
From Le Labo’s mixing rituals and a clever Carhartt label to hospitality experiences that hark back to tradition, Matter Of Form’s latest piece unpacks some of their team’s favourite cases of branded rituals and moments that actually mean something – more so than the tedious race to conversion.
How technology is transforming luxury retail
AI has become so commonplace in luxury retail, we don’t always even realise we are interacting with it. LCC GCC explores the various ways it is transforming the luxury retail landscape.
Introducing the Cannes Lions Luxury & Lifestyle Lion
The new Cannes Luxury & Lifestyle Lion will provide a global benchmark for brands in the luxury space, recognising and celebrating the most impactful creative work, experiences and creative business solutions for the luxury sector.
Creating meaningful relationships with today’s luxury travellers
The New Codes of Luxury report by Havas Media Lux explores the Joy Rejuvenators - a new and fascinating, large cohort of luxury consumers, predominantly women. Driving the luxury sectors forward, partcularly the travel industry, this group are finding rejoice through luxury in otherwise tough times.
Hacking Longevity in Wellness Hospitality
Everybody’s talking about longevity. You’ll have heard of Blue Zones, you might have read Peter Attia’s bestselling book, Outlive, and you should have some recall (if vague) of the tech billionaire trying to de-age using his son’s blood. Ultimately, what you need to know is the opportunity for wellness hospitality brands in this space is vast – Matter Of Form will push you to consider how.
How luxury heritage brands are connecting with Gen Z
The spending power of Gen Z (and the even younger Gen Alpha) is set to grow 3x faster than that of other generations by 2023, according to a report by Bain. With this in mind, heritage luxury brands can no longer rely solely on their history to generate sales, instead needing to tap into Gen Z behaviour and desires, and above all, stay relevant.
The Struggles of Luxury E-Commerce: Navigating Challenges in the Digital Realm and why Bricks and Mortar is hard to beat
From maintaining brand exclusivity to battling counterfeit products, several factors contribute to the struggle of luxury brands in the digital realm and make bricks and mortar hard to beat
June’s London Fashion Week is Back
The British Fashion Council are teasing a new format for this summer’s London Fashion Week that ‘aims to ignite a cultural moment’.
The implosion in luxury ecommerce
The recent collapses at both Matchesfashion and Farfetch represent a dramatic repositioning for the luxury ecommerce sector, which until recently had benefitted from some of the most powerful trends of the past decade - the historic boom in luxury sales and COVID.
The Future of Fragrance: 2024 Trends & Trajectories
Projected to reach $29.9bn by 2032, the luxury fragrance market is one of the most nuanced. With no dedicated jargon to speak of, borrowing language from botanics (floral, herbal), music (notes, accords) and architecture (base, top, etc), perfumery is steeped in the art of storytelling. And when it comes to branding these chemical poems, the stakes are seductively high.
Is time up for the luxury watch boom?
Was the boom in demand for high-end watches during the pandemic a “once-in-a-generation event”? Arjen van de Vall, CEO of Watchfinder says it was “almost a hype that I would compare with cryptocurrencies, and to some extent whisky and luxury cars”, but recent profit misses from WOSG and Swatch could suggest the boom has come to an end.
Here are the fashion problems AI can solve, according to investors
Funding for startups that use artificial intelligence — and particularly generative AI — is booming, with more than 400 AI companies raising funding in 2023 equating to overI $21bn globally. With investons now well-versed in generalist AI tools such as Chat GPT, they are now looking at individual industries to find, and fund, the AI tools that will help solve specific problems.
Why curious travellers are adding Saudi Arabia to their luxury travel bucket list
Saudi Arabia has seen a recent emergence onto the global travel stage, with the previously off-limits destination now drawing curious travellers globally, keen to explore ancient ruins, captivating landscapes and incredible diving in the Red Sea.
What Would Happen if Fashion Were Taxed Like Cigarettes?
France is pressing ahead with a ‘game-changing’ bill that would impose a ‘sin tax’-style penalty on fast-fashion products as high as €10 per item by 2030. In a move that reflects the growing scrutiny of fashion’s climate impact, Business of Fashion investigates how it might work and which companies may be at risk.
The Future of the Jewellery Industry: 2024 Trends & Trajectories
Valued at just over $350b (with a projected 4.7% growth rate sending that number to $482b by 2030), the global jewellery market’s sparkle is yet to dim. Chosen for their long-term potential, Matter Of Form crystallise seven shifts – from modern heirlooms and conscious carats to culture drip and gems cut by AI – for bold brands wanting to play.
Eight of the most spectacular resort openings in the GCC for 2024
The luxury landscape in the GCC continues to excel, with a raft of high-profile hotel openings on the agenda for 2024. All eyes are on Saudi Arabia’s ambitious Red Sea project, as the world’s leading brands converge on the strip of coastline for what promises to be an awe-inspiring new destination.