MBS Intelligence
Fashion & Luxury
Does homeware represent the biggest opportunity in retail today?
In the last few months, people have connected with their homes in a way their pre-Covid lives had never allowed. During lockdown, our homes became multi-functional spaces: providing a curated and comforting living...
Why risk aversion to digital will be the death…
Last week, a fashion retailer told me that they’d had to complete a full digital transformation in the space of just four weeks. This feat is part of a wider trend: when it comes to innovation and truly embedding a...
The fast-growing, science-led health and wellness trend: in conversation…
Over the last few months, every one of us has had to reconsider our approach to health and wellness. The Covid-19 crisis has not only posed a physical threat to our health, but also shaken up our daily...
Lessons from Asia: Optimism amid the disruption – Interview…
The very first time that I went to China, one of my first ports of call was Lane Crawford, where the boutiques are world class, very forward thinking and respected across the industry. It was therefore to the President...
Why do luxury pop-ups work and who’s doing them…
At the beginning of July, Louis Vuitton announced New York as the next location in its global pop-up tour. The 6,000-square-foot monochromatic space covered entirely in neon green ran from 12th until 21st July and...
Artisanal Movements: Luxury watches in the age of ecommerce
Luxury, steeped in years of tradition, is a sector that has resisted the allure of ecommerce. However, the industry appears to be experiencing a change of heart. Disruptive technology has been rolled out by major brands...
Out of Africa: Reviving and accelerating luxury in Africa
Any excuse for me to go home to South Africa and as luck would have it, this year the Condé Nast International Luxury conference was held in Cape Town in a fabulous venue overlooking the Atlantic Ocean. What started...
Looking ahead to Copenhagen in the Extinction Rebellion era
Last week, the UK became the first country to declare a climate emergency - one of the key demands put to the Government by Extinction Rebellion after haranguing London last month. But, the fact that it’s the 10th...
The rise of the Asian consumer – Pt II…
In our first column on the rising influence of Asian consumers, we touched on the region’s growing affluence and whether brands are adapting fast enough. Despite some companies failing to connect with Asia’s middle...
Latest Fashion & Luxury News
Watches of Switzerland “cautiously optimistic” about new financial year The jewellery business has seen its fourth-quarter revenue increase by 3% to £380m, with a 10% uptick in sales in the US. The company has said that it is feeling positive about the year ahead. Read more.
Sales drop 4.7% at Tod’s in first quarter Hurt by an ongoing downturn in the Chinese luxury market, Tod's has reported a 4.7% dip in revenue at constant exchange rates in the first quarter of its financial year. Sales reached €258m. Read more.
Revenues up 18% at German luxury player Mytheresa The online platform has posted an 18% uptick in third quarter sales, boosted by strong growth in the US and a continued focus on customer loyalty. Mytheresa reported net sales of €234m. Read more.
Anglo American mulls plans for De Beers IPO According to reports, the mining company is exploring an initial public offering of its diamond business De Beers. Anglo holds 85% of De Beers, and is reportedly targeting London as the location of a potential IPO. Read more.
Quarterly revenue up 29% at On The Swiss sports shoe maker, which is backed by Roger Federer, has posted a strong set of first-quarter results and has nudged up its full-year guidance. On reported quarterly sales of $560m, up 29% from a year ago and surpassing expectations. Read more.
Geox cuts sales outlook amid inflationary pressures The shoemaker has trimmed its expectations for full-year sales and profit, citing weakness in its wholesale channel and inflationary pressures hurting customer demand. Read more.
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