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Analysts have cut their estimates for the luxury sector in recent weeks following a sales report from bellwether LVMH earlier this month showing shoppers are splashing out less on high-end fashion as inflation and economic uncertainty rise.
Luxury brands have been quick to embrace the potential of Web3 and blockchain technologies. They are leveraging these tools to create unique and interactive experiences for their customers, ushering in a new era of luxury marketing. But this digital transformation doesn't stop with luxury alone. Traditional industries like travel and hospitality are also finding innovative ways to leverage this technology.
CBRE sees a consistent growth in secondary leasing, while primary leasing is likely to pick up pace, fuelled by a strong supply pipeline and the forthcoming festive season
Not all high-end brands will lose their shine
The Burberry chair's disparaging comments about the UK have not worried investors that the British fashion house has fallen out of love with its home