The Luxury Cruxx’s Post

Bulgari CEO Eyes India for Growth as China Luxury Demand Weakens. LVMH-owned jeweler Bulgari is looking to India to mitigate the effects of faltering luxury demand in China amid an economic slowdown. Read More: https://lnkd.in/gKTCR45Q #LuxuryConnect #LuxuryCruxx #Bulgari #LuxuryGrowth #IndiaExpansion #LuxuryMarket #ChinaDemand #LuxuryIndustry #IndiaLuxury #GlobalMarkets #BulgariGrowth

The verdict, given by Justice Sanjeev Narula in support of Bulgari S.P.A., an esteemed luxury brand renowned for its innovative designs, emphasised the utmost importance of safeguarding intellectual property within the luxury goods industry. For more info, please read the attached case brief on the matter. #trademarks #intepatip #casebrief #legalupdate #casereview #luxurytrademarks

Luxury Brands in the Age of Counterfeit Culture. Many executives might view counterfeiting as a direct result of a luxury brand’s aspirational popularity. Read More: https://lnkd.in/genNbpUS #LuxuryCruxx #LuxuryConnect

India's luxury industry has been making waves for years, and many experts believe that the country is poised for a super development in the near future. According to CNBC-TV18and other industry operators, including Bulgari, India is on track to become one of the top five luxury markets worldwide in less than a decade. With this exciting news on the horizon, it's clear that the luxury industry in India is one to watch. Stay tuned for more updates on this rapidly evolving market! #India #LuxuryIndustry #Bulgari #MarketTrends https://lnkd.in/gT4NK8tx

In the Luxury Goods market, exclusivity serves as a central concept, achieved primarily through high price points and the deliberate restriction of sales volumes and distribution channels. By limiting accessibility, luxury brands reinforce their aspirational appeal, enhancing both perceived value and desirability among consumers. For more market insights, click here: https://lnkd.in/es8AP-wv

Young Luxury VIPs Purchase Differently In two years 61% of luxury customers will be 45 years old or younger. HYPEBEAST #luxurycustomer "By 2030 33% of luxury customers will be 33 years old or younger." - CHANEL CEO Leena Nair A common perception is that all luxury vips purchase for the same reason. #luxuryvip This is not the case. Their reasons for purchase couldn't be more different. Young vip customers don't just want to be a customer they want community and older luxury vips are fiercely loyal to their favourite retail client advisors. As luxury customers become increasingly younger and VIPs become more important to growth and profitability this creates new challenges and new opportunities for luxury brands. #luxurygrowthstrategy The way is see it the skills, resources, talent that made many luxury brands successful in the past will not in many cases make them successful in the future. Scientia est Potentia - Knowledge is Power #luxurycustomer #luxuryvip #thefreshkid

Luxury Needs New Customers "The industry needs a spike, we need a change,” Marco Bizzarri (Former Gucci CEO) Many luxury VP, CMO, CEO, CCO , CFO executives are looking for new ways to grow and arrest the decline in the market. #luxuryleaders Luxury resale has grown three times in size since 2019 and has been growing faster than new luxury for the last five years. #luxuryresale This fast growing emerging market and sales channel has created new types of luxury customers. One of the most desirable and scarce is the luxury resale vip customer. #luxuryvic Unlike other luxury resale customers their reasons for purchasing are unique. For this reason they are very difficult to attract yet very profitable if you can. Many luxury brands are going to need this customer for growth. Although they don't realise this yet. I provide investors with deep analysis on the luxury vip customer. I will be sharing some of this insight in ' A Complete Guide To Luxury VIP Customers' report for LUXE members. Scientia est Potentia - Knowledge is Power #luxuryvipcustomer #luxurycustomer #thefreshkid

Consider this: younger luxury buyers are driving the rise of sustainable and ethical luxury. Brands like Stella McCartney have already capitalized on this. Have you explored how blockchain can authenticate products, ensuring transparency and fighting counterfeits? Also, pop-up experiences can attract younger crowds, blending exclusivity with accessibility. Older VIPs? Try integrating AI for personalized service without losing the human touch. Data-driven insights can anticipate needs before they're voiced, blending tradition with innovation. Are brands ready to invest in digital art and NFTs as part of their luxury portfolios? The future might be more virtual than we think. #SustainableLuxury #BlockchainInnovation #DigitalFuture

LVMH is not alone here. I spoke with some other leaders in the #Luxury market last week who also expressed concern over the current slump. From economic uncertainty (It's an election year), to shrinking disposable incomes and changing consumer preferences, there's a lot to consider in this current environment. Economics teaches us that when demand shrinks, there are only a handful of ways to react. Whether it's pricing, output, or spending, a change is sure to come.

Luxury customers are getting younger, with different buying motivations. This shift creates new challenges and opportunities for brands. Adaptation is key to future success. #luxurycustomer #luxurygrowthstrategy