Last week marked a very special time for the luxury industry with the opening of TOD’s, who have opened their first boutique in Australia. Westfield Sydney is housing the luxury boutique, which is quite fitting seeing that their fellow neighbours include Gucci, Prada, Chanel, Miu Miu and Salvatore Ferragamo. The TOD’S Sydney boutique adopts
We read an interesting article from Bloomberg about Burberry and the crossing on the commercial management of their business. Some luxury brands that have successfully had the creative are also managing the business (think Giorgio Armani or Ralph Lauren), however our opinion is that whilst true success is driven from the creative vision, the operations, logistics,
LVMH have released their quarterly figures overnight which are positive overall, with the spirits category being the underperformer for the group. The world’s largest luxury group recorded a 4 per cent increase in the first quarter 2014 revenue to €7.2 billion. Why did wine and spirits have a slight dip in the first quarter?