What We’ve Read: How Selfies, The Sharing Economy and Sugar Daddies Are Boosting Luxury Profits

How Selfies, The Sharing Economy and Sugar Daddies Are Boosting Luxury Profits

The rise of selfie culture has turbo-charged desire for luxury goods. Now, cultural shifts are putting these products in the hands of untold millions, giving brands much to smile about.

Read this on BOF.

It’s Official: China’s Luxury Market is Exploding, Fueled by Tesla, Apple

Skyrocketing prices for five-star hotels, top boarding schools, and rare liquors are boosting an already robust Consumer Price Index (CPI) for luxury goods in China, according to a report released by the Hurun Research Institute on September 6.

Read this on Jing Daily.

Prada Group Responds to Animal Rights Activists’ Efforts by Playing up Its Man-made Fibers and ‘Concrete Reduction’ of Fur

The company's statement noted how current advertising and storefront displays do not feature fur in any way.

Read this on WWD.

Facebook’s Head of Luxury on Interactivity, AR And VR

It is an undeniable fact that Internet users nowadays consume and share content primarily via mobile and video.

Read this on Luxury Daily.

Sephora’s New Omni-channel Retail Concept for China

Sephora announced its new concept “My Beauty Power Turn It On” at a press conference at the Shanghai Film Plaza late last month, saying the initiative is designed to help shoppers discover an individual and unique beauty, “and rediscover, lead
and create a new meaning of beauty that is distinct to them.”

Read this on Retail in Asia.