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Luxury market could contract by 35% in 2020

Luxury market could contract by 35% in 2020

Luxury-goods sales are projected to fall by 20% to 35% in 2020 as a result of the coronavirus pandemic, says Bain & Company, as the industry reels from retail and tourism shutdowns in all key markets. The consultancy had previously forecast a[…]

05/14/2020 |
How Covid-19 is set to change beauty packaging: part 2

How Covid-19 is set to change beauty packaging: part 2

In part two of our series, Luxe Packaging Insight looks into progress in the area of antibacterial surfaces and how sustainable packs will fare in a post-covid environment. It’s no secret that antibacterial surfaces are set to gain in popularity[…]

Covid-19: how will the crisis change beauty packaging?

Covid-19: how will the crisis change beauty packaging?

The coronavirus crisis is raising a host of new questions in terms of beauty packaging formats. In part one in our two-part series, we look at existing solutions in the area of hygienic applicators and how suppliers are positioning themselves[…]

04/30/2020 | ApplicatorsAccessories
Post-coronavirus, "China's luxury market will continue its digital evolution"

Post-coronavirus, "China's luxury market will continue its digital evolution"

Thibault Villet, an expert in retail and luxury goods in Asia and co-founder and former CEO of mei.com, a leading Chinese luxury and fashion flash sales retailer, shares his views on how consumption in China is rebounding after the health[…]

04/23/2020
Spirits take on-trade hit as Covid-19 outlook worsens

Spirits take on-trade hit as Covid-19 outlook worsens

With the coronavirus pandemic sweeping the globe, the premium spirits sector expects to be hit hard, with the on-trade particularly affected. While China is a bright spot, there are concerns over the US market, particularly for Scotch whisky.[…]

04/15/2020
Covid-19: "This crisis will change the face of luxury brands' supply chain strategy"

Covid-19: "This crisis will change the face of luxury brands' supply chain strategy"

In an exclusive interview, Luxe Packaging Insight spoke with a top executive from an industry leader in supply-chain solutions, logistics and transportation about the many hurdles luxury brands are facing in the developing coronavirus crisis.[…]

Fragrance evolves into sanitizer: Fueguia 1833 takes the leap

Fragrance evolves into sanitizer: Fueguia 1833 takes the leap

With northern Italy one of the hardest hit regions in the Covid-19 pandemic, nearly 100 fragrances from Milanese brand Fueguia 1833 are now available for sale online in sanitizer versions. A first in the perfumery market. Julián Bedel, founder[…]

04/08/2020 |
Covid-19 to cause biggest drop in US beauty market in 60 years

Covid-19 to cause biggest drop in US beauty market in 60 years

The coronavirus pandemic is predicted to cause a 2.5% drop in the US beauty and personal care market in 2020, according to Kline—the biggest drop in the more than 60 years the market-research firm has been tracking the industry. This decline[…]

04/07/2020 | Consumer trends
Under pressure: growing supply chain issues in the UK

Under pressure: growing supply chain issues in the UK

In the UK like in Europe, the coronavirus outbreak is presenting a significant challenge for the packaging industry in terms of both consumer demand and supply. Following the UK government’s announcement of strict containment measures, a long[…]

04/06/2020
Post-coronavirus: Bain outlines luxury consumption trends to come

Post-coronavirus: Bain outlines luxury consumption trends to come

Bain & Company identifies six emerging consumption trends as the luxury industry looks to make sense of the current coronavirus crisis. As of March 25, the consulting firm is forecasting a 25% to 35% contraction in the global luxury market[…]

04/02/2020 |