In its latest report on the 100 largest luxury goods companies globally, Deloitte consultancy firm discusses the factors that will secure future growth – and these no longer include history and heritage.
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Swatch Group is struggling to convince investors. Its share price has been virtually flat since January, after losing 42% over the last seven months of 2018. Richemont, in comparison, is making headway. Meanwhile, French luxury groups are flying high.
According to a recent study, 84% of outbound sharing takes place via dark social channels. That this should coincide with a surge in interest in second-hand timepieces might not be completely fortuitous.
Most of us wouldn't think twice about owning multiple timepieces, wearing a crocodile strap or buying a quartz watch for the kids, but the products we consume, including watches, have a direct impact on our planet's health. Through positive decisions, we can be conscious consumers and still have the enjoyment of a beautiful, stylish watch.
More than 66% of consumers are willing to spend more on a product if the company or brand has good ethical values, according to a Nielsen report. Are you?
Mammoth takeovers, serial partnerships, crowdfunding, new brands... in this year of renewed growth for the Swiss watch industry, the digital economy has become a vital relay for luxury.
Richemont has found a partner of choice in Alibaba to develop its Net-A-Porter and Mr Porter online platforms in China. With the biggest IPO in history and 600 million users to its name, Alibaba is behind more than 50% of e-commerce in its domestic market.
Ahead of its Annual General Meeting, the Group Compagnie Financière Richemont SA announces that its sales for the five months ended 31 August 2018 increased by 25% at constant exchange rates and by 22% at actual exchange rates.