Luxury Daily
Food and beverage
Hennessy celebrates cognac anniversary with special tastings

LVMH-owned cognac house Hennessy is celebrating the 150th anniversary of one its most enduring spirits with a unique tasting experience and exhibition.

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Jewelry
Chaumet balances refinement, whimsy in Bee My Love campaign

French jeweler Chaumet has tapped South Korean actress Song Hye Kyo for the Maison’s newest Bee My Love campaign.

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Apparel and accessories
Capri Holdings revenues tumble more than 65pc as uncertainty continues

Fashion group Capri Holdings saw its revenues fall 66.5 percent in the first quarter of fiscal 2021, joining a growing number of luxury groups that have seen significant losses due to the ongoing COVID-19 pandemic.

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Retail
Video commerce offers brands new channels to sell to consumers

As consumers are spending more time in digital environments and less time in physical stores, many companies are experimenting with new forms of digital commerce through video.

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Apparel and accessories
Chanel pushes historical connection to dance in Inside Chanel episode

French fashion house Chanel is taking a closer look at the influence of dance on its founder’s life and work, and how her love for the art form inspired her designs through the latest episode of “Inside Chanel.”

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Marketing
The new rules of driving aspiration for luxury brands

“What you say is not as important as the bookcase behind you,” is a tagline of a Twitter account titled Bookcase Credibility. Bookcase Credibility was launched in April 2020 and has since amassed more than 105,000 followers.

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Fragrance and personal care
How will changes to the animal testing policy in China influence its beauty landscape?

Many cruelty-free beauty brands have found it difficult to enter the Chinese market due to conflicts between mandatory animal testing and their brand ideals. Now with possible relaxations to this law on the horizon, will they finally be able to seize the China opportunity?

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Retail
How JD.com leveraged new technologies to overcome COVID-19

Based on this premise of a major disease outbreak ravaging the global supply chain, JD.com’s performance is a strong benchmark to scrutinize.

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Strategy
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News briefs
Ralph Lauren, platinum buyers, Bloomingdale’s and Ferretti Group

Luxury Daily’s live news for Aug. 4: Ralph Lauren Q1 2020-21 revenues fall 66pc amid prolonged store closures; Luxury consumers seek meaningful jewelry purchases; Bloomingdale’s launches Shop for Good for COVID-19 relief; Ferretti Group sees unprecedented growth in Asia Pacific.

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Retail
A reckoning is coming for retail: Get ready

The price for retailers over-building, overextending and overestimating their importance in the lives of customers has now come due after the disruption caused by the COVID-19 pandemic.

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News briefs
Day’s wrap: Ralph Lauren, platinum buyers, Bloomingdale’s and Ferretti Group

Luxury Daily’s live news for Aug. 4: Ralph Lauren Q1 2020-21 revenues fall 66pc amid prolonged store closures; Luxury consumers seek meaningful jewelry purchases; Bloomingdale’s launches Shop for Good for COVID-19 relief; Ferretti Group sees unprecedented growth in Asia Pacific.

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Travel and hospitality
Ferretti Group sees unprecedented growth in Asia Pacific

Italian yacht maker Ferretti Group had its strongest first half in Asia Pacific since entering the market, overcoming any challenges posed by the coronavirus pandemic.

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Retail
Bloomingdale’s launches Shop for Good for COVID-19 relief

Department store chain Bloomingdale’s is partnering with 12 local charities combatting the effects of COVID-19 as part of its biannual Fashionable Fundraiser.

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Jewelry
Luxury consumers seek meaningful jewelry purchases: PGI

Positioning precious jewelry as personally meaningful purchases will encourage consumers as the industry looks to recover from the economic impact of the coronavirus pandemic, according to a new report from Platinum Guild International.

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Apparel and accessories
Ralph Lauren Q1 2020-21 revenues fall 66pc amid prolonged store closures

U.S. fashion label Ralph Lauren saw its revenues fall to $487 million in the first quarter of fiscal year 2020-21, with the coronavirus pandemic leading to declines across all regions.

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Apparel and accessories
Burberry offers a look at how companies can navigate difficult times

British fashion label Burberry is turning to its core values to survive the pandemic, and its reliance on its transparency and ethics, along with investment in adaptable digital strategies, could help the brand come out stronger on the other side.

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Research
Disconnect exists between brand commitment and execution of diversity and inclusion initiatives

Even as many brands have taken a stand with Black Lives Matter and committed to more equitable hiring practices, there is a disconnect between intentions and actions when it comes to diversity and inclusion programs.

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QUOTE OF THE DAY
Inviting opinion pieces on luxury issues, marketing, retail and media
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Luxury Daily is inviting opinion pieces on luxury business, advertising, marketing, media and retail issues that affect marketers as they run multichannel programs for branding as well as customer acquisition, retention and reactivation.

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How to accelerate your business post-pandemic
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It is unlikely there is a CEO in America unaffected by the COVID-19 pandemic and all are probably sick and tired of reading introductions like, “We’re all in this together,” or “In light of these trying times.” Yeah, everyone agrees.

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The new rules of driving aspiration for luxury brands
By

“What you say is not as important as the bookcase behind you,” is a tagline of a Twitter account titled Bookcase Credibility. Bookcase Credibility was launched in April 2020 and has since amassed more than 105,000 followers.

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A reckoning is coming for retail: Get ready
By

The price for retailers over-building, overextending and overestimating their importance in the lives of customers has now come due after the disruption caused by the COVID-19 pandemic.

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