Week 17 in Luxury: Watches and Wonders, LVMH in 2024, and Jimmy Choo Capsule
Welcome to Week 17 edition of "This Week in Luxury," where we’ll bring you the latest developments in the world of luxury.
In this week's roundup, we explore four intriguing stories that are shaping the luxury industry landscape.
1. Watches and Wonders 2024: watchmaking trends at the cutting edge.
The Watches and Wonders Geneva event concluded with record-breaking attendance, hosting over 49,000 visitors, marking a 14% increase from the previous year. The showcased novelties revealed two prominent trends: a focus on watches with grand complications and a rise in simpler, more accessible models. CEO Matthieu Humair expressed satisfaction with the event's success, highlighting increased participation from various sectors, including journalists, retailers, and the public, with a significant influx of younger attendees, underscoring the event's importance as a vital platform for industry networking and business acceleration.
Read the full article here | Luxury Tribune
2. LVMH reports a gloomy start to 2024.
The LVMH group reported first-quarter results for 2024 with a modest +3% organic growth, a significant decline from previous double-digit growth, attributed largely to geopolitical factors and the stabilization of the Chinese market. Despite challenges, the luxury conglomerate's sales reached €20.7 billion, reflecting the shifting dynamics within global luxury markets, including a resurgence in Japan as a key growth market amidst the normalization of Chinese consumer behavior.
Read the full article here | Luxury Tribune
3. Jimmy choo hits the green with golf-inspired capsule.
British luxury footwear brand Jimmy Choo has partnered with California-based lifestyle brand Malbon Golf to release a collection of apparel and accessories tailored for golf enthusiasts, diverging from Jimmy Choo's traditional offerings and marking creative director Sandra Choi's first venture into athletic wear. Despite Malbon Golf's relatively young status and departure from Jimmy Choo's usual partners, the collaboration is united by a shared goal of capturing the interest of the next generation of consumers intrigued by both golf and high-end products.
Read the full article here | Luxury Daily
4. Balenciaga enlists Kate Moss for Le City Bag campaign.
French fashion house Balenciaga is reviving its beloved Le City Bag line with the endorsement of British model Kate Moss, featuring her alongside a diverse cast of young models in a campaign aimed at both core luxury consumers and a new demographic. Originally launched in 2001, the updated handbag, now adorned with reinforced corners, metal buckles, studs, and additional pockets, is showcased in portraits by renowned photographer Mario Sorrenti, bridging past and present with iconic talent and contemporary appeal.
Read the full article here | Luxury Daily
That concludes this week's edition of "This Week in Luxury." Stay tuned for more updates on the world of luxury in the weeks to come.
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