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More than $7bn wiped off luxury & premium brand value in 2021

The world’s top-50 most valuable luxury and premium brands saw their total value decline by 3% in 2021, according to a new report from Brand Finance. Some 10 Cosmetics and Personal Care brands made the ranking, which is largely dominated by[…]

09/16/2021

China’s wealth crackdown: An opportunity for luxury cosmetics?

Could Chinese president Xi Jinping’s vow last month to crack down on super-rich consumers to address wealth disparity in the country spell opportunity for prestige cosmetics brands? Indeed, the emergence of a larger and increasingly affluent[…]

09/02/2021 | Consumer trends

IWSR points to post-covid premiumization opportunities in wine and spirits

Consumer savings amassed during lockdowns could spell big business for premium wine and spirits brands, according to drinks market analyst IWSR. While scotch whisky and cognac continue to drive the premium-plus market, tequila, mescal and rum[…]

07/22/2021

Luxury seizes on China’s booming market

With China the first economy to make a swift recovery from the health crisis, luxury brands are increasingly targeting this buoyant market. “Luxury companies have never placed such a focus on China's market as they did in 2020,” says Chinese[…]

05/06/2021

Global fragrance launches plummet 35% in first quarter 2021

Global launches of new fragrances may be down 35% year-on-year for the first quarter of 2021 – to be expected as travel restrictions and lockdowns continue to weigh on retail – this is nonetheless an improvement on the more than 40% drop seen in[…]

04/15/2021

France’s 2020 prestige beauty sales decline by 20%

Online sales of prestige beauty in France may have seen strong growth last year, but they failed to compensate for the decline in brick-and-mortar in 2020, according to new data from The NPD Group. Impacted by lockdowns, subsequent store[…]

02/03/2021

Deloitte: “The pandemic is an accelerator for brands to adopt new paradigms of value creation”

There’s nothing like a crisis to accelerate change. The 2020 global pandemic looks in some ways to have changed the luxury-goods industry for the better, with the importance of adopting sustainable initiatives one of the key takeaways from a[…]

01/14/2021

China’s luxury market share almost doubles in 2020

The luxury-goods market in mainland China is forecast to grow 48% to almost $53.6bn in 2020 with leather goods and jewelry the most in-demand categories, according to a report from Bain & Company and Tmall. Boosted by an increase in domestic[…]

01/06/2021 | Regional focus

France’s premium fragrance sales fare better than selective beauty overall

The market may have seen sales of premium perfumes plummet between January and end October of 2020, but the category's online sales increased by 41% during the same period, says NPD data. While premium fragrance sales in France saw a[…]

12/16/2020

Covid-19: a catalyst for change for luxury, says Bain & Company

Heavily impacted by the covid-19 crisis, the luxury goods industry will have seen a double-digit sales decline in 2020 with profitability hard hit, highlights a report from Bain & Company published this month. However, the market is set to[…]

11/24/2020