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🚨 LVMH goes Fois Gras 🚨 LVMH has just acquired the iconic Parisian bistro, Chez l'Ami Louis! 🍽️✨ This legendary spot in the 3rd Arrondissement, famous for its old-school charm and sumptuous portions, is now part of the Arnault empire. 🎩🇫🇷 This move perfectly aligns with the principles of luxury: - Rarity: An exclusive bistro that's impossible to get a table at. - Heirloom:Preserving French savoir-faire and expertise. - Myth: A place where heads of state and celebrities dine. As I've discussed in my recent posts, the stakes in the luxury market are getting higher. 📈🏆 Few brands are racing to become true cultural icons, and LVMH is certainly leading the charge. 🏅 With this acquisition, the culinary world is about to see an exciting evolution. It’s through these strategic moves that we can judge the brand strategy of those companies elevating their brand equity in turbulent times. 🌟📊 Stay tuned! 👀🍷 #Luxury #LVMH #Hospitality #CulinaryArts #CulturalIcons #LuxuryMarketing #Paris #BrandStrategy #BrandEquity https://lnkd.in/dzeqZRvt

Mastering the Art of Luxury Retail: Essential Skills for Success If you aspire to excel in the luxury retail industry, there are two crucial qualities you must possess. In this video, we delve into the importance of passion and attention to detail for building a thriving career in luxury retail. Watch and learn! #LuxuryRetail #PassionForDetail #RetailSuccess #LuxuryIndustry #CareerAdvice #RetailCareers #LuxuryBrands #LuxuryShopping #RetailSkills #PersonalGrowth

Mastering the Art of Luxury Retail: Essential Skills for Success If you aspire to excel in the luxury retail industry, there are two crucial qualities you must possess. In this video, we delve into the importance of passion and attention to detail for building a thriving career in luxury retail. Watch and learn! #LuxuryRetail #PassionForDetail #RetailSuccess #LuxuryIndustry #CareerAdvice #RetailCareers #LuxuryBrands #LuxuryShopping #RetailSkills #PersonalGrowth

THE LUXURY INDUSTRY IS SEEING UNPRECEDENTED DOWNTURNS IN SALES. Luxury brands have increased prices faster than inflation, and this has caused highend consumers to look for more affordable luxury items such as gourmet chocolates and artisanal goods. Sales in the Asian Pacific are off a staggering 23%, China 21%, and nearly 12% in the US. This is causing unsold inventory problems. Luxury brands are hoping the recent interest rate changes and decreases in inflation will aid this struggling category. #CRE #commercialleasing #realestate #realestatebroker #ICSC #NRF #retail #retailstore #retailexpert #retailbrand #luxurybrands #retailbusiness #retailindustry #retaillease #luxury #luxurybrand

Amid escalating globalization in retail and a prevailing homogeneity in upscale shopping districts, looking to tradition can help luxury brands attract a more discerning consumer base and remain distinguished in today's dynamic landscape. For more insight surrounding luxury retailers, click the link below:

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Luxury Brands Are Powerful Many of the worlds most valuable luxury companies have seen their share price go down this year. However the top six most valuable luxury companies alone generate over 200 billion dollars a year in revenue. #luxurymarket If they were a country that would put them in the top 50 countries by GDP or the income made by countries from selling goods or services. LVMH's success in 2022 turned france's stock market into the most valuable in europe dethroning the UK. LVMH also recently became a larger exporter than the french wine industry and one of france's biggest employers. Although many luxury companies have lost value this year they have never been more influential and powerful. Scientia est Potentia - Knowledge is Power #luxurymarket #thefreshkid

THE LUXURY INDUSTRY IS SEEING UNPRECEDENTED DOWNTURNS IN SALES. Luxury brands have increased prices faster than inflation, and this has caused highend consumers to look for more affordable luxury items such as gourmet chocolates and artisanal goods. Sales in the Asian Pacific are off a staggering 23%, China 21%, and nearly 12% in the US. This is causing unsold inventory problems. Luxury brands are hoping the recent interest rate changes and decreases in inflation will aid this struggling category. #CRE #commercialleasing #realestate #realestatebroker #ICSC #NRF #retail #retailstore #retailexpert #retailbrand #luxurybrands #retailbusiness #retailindustry #retaillease #luxury #luxurybrand

VIC strategies in Luxury: personal shopping and concierge services. Failure of experience with LVMH owned 24S I had an idea of integrating personal shopping and concierge services into luxury from within for some time. The concept is already gradually being developed by some players but remains raw. Still, it holds immense potential – especially for luxury groups combining a few brands (#LVMH, Kering, Richemont, Prada Group, Ermenegildo Zegna Group, CAPRI Holdings, Mayhoola for Investments, etc.). That is why I was excited to follow 24S's journey – it could become a test point for LVMH in general. However, the experience was not what I expected to get. It failed at the most obvious stage. *** Yes, luxury groups often build their strategy around each brand separately to avoid dilution. However, if developed in a careful and balanced manner, concierge/personal shopping services can enhance some brands from the group's portfolio that the customer was not aware of, or those that cater to changing circumstances and needs. That would greatly contribute to the supply component of the customer journey mentioned before, and retain the #VIC's attention within the influence orbit of the luxury group. And bring sales. 360 degree service as it is. So while a single brand can focus on broadening its offerings within the brand to provide solutions for different customers and different requests, a luxury group has carte blanche by offering different brands and entirely different product groups within the brands it owns. *** About core service points in VIC experience, how VIC customers and #luxury groups can benefit from personal shopping and concierge services and what Tiffany & Co. limited-edition creation has to do with the failure of #24S to pave the way to provide VIC service - read in my new publication. https://lnkd.in/dAn92abK #Kering #Richemont #TiffanyAndCo #Zegna #customerservice #clientrelations #luxuryfashion #luxury

📉🍾 LVMH, the luxury giant, reported a significant drop in champagne sales in the first half of 2024. The company's CFO attributes this decline to fewer celebrations and festive events. With the global economy in flux, consumers are becoming more cautious with luxury spending. It will be interesting to see how LVMH responds to this challenge and what strategies they will implement to turn things around. 🔗 https://lnkd.in/gQFpFpjF #LVMH #luxury #economy #champagne #businessnews