From ownership to experience: how young buyers are reshaping luxury

As the luxury industry faces a complex economic climate, it is also undergoing a major transformation in the way wealthy consumers shop. Younger buyers, in particular, are shifting their focus from status to meaning and emotion, embracing what researchers call “de-linearized luxury”—immersive experiences beyond traditional retail channels. This evolving dynamic is a central finding of […]

Read More
by Admin

Italian luxury supplier plans creditor talks as demand slows

By Bloomberg Published March 27, 2025 Luxury supplier Altofare Group is preparing to kick off debt talks with its creditors as spending on high-end goods declines.  Altofare Group The company, which oversees a group of Italian suppliers to the luxury world, has hired KPMG and law firm Chiomenti for advice on its debt, according to […]

Read More
by Admin

India seizes products from Amazon, Flipkart warehouses as crackdown intensifies

By Reuters Published March 27, 2025 India’s state-run product certification agency said it raided the Delhi warehouses of e-commerce giants Amazon and Flipkart this month, seizing items that did not meet quality control standards, as it increased its scrutiny of the two firms. India seizes products from Amazon, Flipkart warehouses as crackdown intensifies – Reuters […]

Read More
by Admin

Amazon, Flipkart found to have violated Indian quality control rules during warehouse raids

By Reuters Published March 20, 2025 Retail giants Amazon and Walmart-owned Flipkart violated Indian quality control rules by stocking products that did not have the required standards certificate, India’s top government-run product certification agency said on Thursday. Reuters Raids on warehouses operated by both firms, conducted on Wednesday by the Bureau of Indian Standards in […]

Read More
by Admin

Chanel changes the guard amid weaker luxury demand

By Bloomberg Published Jan 12, 2024 Chanel has seen several executives leave the luxury fashion house in recent months amid a slowdown in demand for the sector’s pricey goods. See catwalkChanel – Pre-Fall2024 – 2025 – Womenswear – Manchester – ©Launchmetrics/spotlight The company’s former Japanese head has joined the US and UK bosses in departing […]

Read More
by Admin

You May Missed