Stores Still Critical to Wooing Men, But Leaders Re-Wiring for Digital Age

Gucci Brera boutique in Milan | Source: Gucci

In the age of e-commerce, physical flagships are still critical to engaging male luxury consumers, though market leaders are integrating their online and offline presence to create new digitally enhanced stores.

…Continue Reading

Marty Wikstrom, Head of Fashion and Accessories, Leaves Richemont

Richemont | Source: Richemont

LONDON, United Kingdom — Martha 'Marty' Wikstrom, chief executive of fashion and accessories at Compagnie Financière Richemont, has resigned from her post, the luxury group announced today. Richemont is the Swiss parent company of fashion, jewellery and watchmaking companies including Dunhill, Chloé, Cartier and Piaget.

…Continue Reading

China’s Anti-Corruption Campaign is Masking the Real Causes of the Luxury Slowdown

A Gucci store in Beijing | Source: Shutterstock

Contrary to numerous reports, broad changes in Chinese consumer behaviour and sentiment — not the country’s much publicised anti-extravagance campaign — are the likely causes of China’s luxury slowdown, says Anne Zhang, a reporter for Chinese business magazine CBNweekly.

…Continue Reading

CEO Talk | Christopher Colfer, Chief Executive Officer, Alfred Dunhill

Christopher Colfer, CEO, Alfred Dunhill | Source: Dunhill

LONDON, United Kingdom — In 1893, at the age of 21, Alfred Dunhill inherited his father’s saddlery business in London and slowly but surely transformed it into a global business spanning several categories including timepieces, automobile accessories and clothing. In this way, it was the first global luxury men’s brand, paving the way for brands like Ermengildo Zegna, Dior Homme and Tom Ford to follow in its footsteps

…Continue Reading

Kim Jones for Dunhill, UK economy shrinks, Brazilian new media, Barneys may be sold

Weaving innovation with history (IHT) “I do like fantasy fashion – but I am a realist too,” says Kim Jones of his much anticipated work for legendary British label, Dunhill. UK economy shrinks 1.5% in final quarter (FT) “Britain fell deeper into recession on Friday after new figures revealed the economy contracted by 1.5 per cent in the final three months of last year,” reports the Financial Times. The

…Continue Reading

Luxury Outlook | Richemont reels

ZURICH, Switzerland — “Demand for luxury goods…has fallen dramatically and Richemont is currently facing the toughest market conditions since its formation 20 years ago…we see no cause for optimism. We must assume that there will be no significant recovery in the foreseeable future and plan accordingly to cope with this situation.” With those ominous words in its trading update on Monday, Richemont provided the first

…Continue Reading

Luxury Outlook | Faith Popcorn on the Recession Culture

LONDON, United Kingdom and NEW YORK, United States - Are London fashionistas living in a bubble? There was no sign of global economic turmoil last night as party-goers let loose after a busy day of shows during an even busier night of events. Following strong showings by Giles and Christopher Kane, there was the opening of the fabulous new Dunhill flagship (see here for our review of the sister store in Tokyo), an exhibition of stunning fashion photography by Mary McCartney, and the biggest party of London Fashion Week hosted by Giles Deacon and Swarovski (with a huge Giles cartoon ghost made completely of flowers, pictured above). The mood is certainly more sombre across the pond in New York. And,…

…Continue Reading

Dunhill Ginza | Welcome home

TOKYO, Japan - "Welcome home." With those words Jun Morimoto, CEO of Alfred Dunhill in Japan, warmly ushered me into the new Alfred Dunhill flagship in Tokyo's Ginza district, where it rubs shoulders with the impressive architecture of some of the world's most famous luxury brands. But all is not rosy in Tokyo's legendary luxuryland, with reports that sales for some international luxury brands in Japan are down as much as 20% versus last year. As Morimoto-san showed me around the store, the first of a few Dunhill 'Home' flagships which will be opening around the world, he also demonstrated how brands like Dunhill are leading the way in adapting their stores and product offering to meet the evolving expectations…

…Continue Reading