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Watches

Audemars Piguet to launch CPO by end of 2023

Astrid Wendlandt

29/01/23

Audemars Piguet is entering the thriving second-hand market by launching its own certified pre-owned (CPO) program by the end of 2023, CEO François-Henry Bennahmias announced at a luxury recruitment conference in Paris this week. The initiative makes Audemars Piguet (AP) the second major luxury watch brand to invest in the pre-loved market after industry leader Rolex took the industry by surprise in December by announcing the roll-out of its own CPO initiative.

Events

Luxury at the Summit 2023

Miss Tweed

08/12/22

Leadership Leadership in the luxury industry: How to federate, inspire and prosper in an increasingly unstable and complex world? Exceptional leaders will gather in Val d'Isère to give us some answers.

If you want to join us, you must reserve your participation and your hotel room as soon as possible as many of those who came last year plan to return in 2023.

Weekly highlights

Week from 2023-01-23 to 2023-01-27

GUCCI APPOINTS VALENTINO NO. 2 AS CREATIVE DIRECTOR

Kering has appointed Sabato de Sarno, the right-hand man of Valentino designer Pierpaolo Piccioli, as Gucci’s new creative director. Investors have been eagerly awaiting such news since the abrupt departure of Alessandro Michele at the end of November. De Sarno, who spent 14 years at Valentino, has been hired to make Gucci more chic and less theatrical, industry sources said. Gucci has been underperforming rival megabrands for the past three years and is in dire need of a creative reboot to help sales regain momentum.

PARIS COUTURE WEEK: GIVE IT WINGS AND FREE THE BEAST IN YOU

Paris Couture Week was back in full force this week with lots of spectacular shows applauded by affluent ladies flown in from all over the world ready to spend thousands of euros on a beautiful dress. Recession? What recession? Couture buyers did not seem to care much about the current state of the world. Many had not been to a show in three years and were eager to splurge.

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Strategy

With Beijing re-opening borders, time to track that Chinese luxury shopper again

Astrid Wendlandt

22/01/23

Today marks the start of the Lunar New Year of the Rabbit. As the Chinese holiday season kicks off, luxury shoppers are expected to rush back to luxury stores with the same speed as the lop-eared animal they are fêting. After three years of lockdowns and repeated restrictions on personal freedoms and movements, they are eager to travel again and spend money.

Strategy

What to expect for luxury this year

Astrid Wendlandt

15/01/23

The luxury goods industry is set to defy concerns about a global economic recession and rampant inflation thanks to a faster-than-expected re-opening of the Chinese market and price hikes of bestsellers. However, analysts predict the sector will grow at a slower pace than in 2022 and some luxury groups will fare better than others.

Exclusive

Pietro Beccari to become Louis Vuitton CEO, Delphine Arnault Dior CEO

Astrid Wendlandt

10/01/23

Luxury goods group LVMH is expected to announce on Wednesday Jan. 11 its most important management reshuffle in five years, according to a statement of which Miss Tweed got a copy before it was due to be published.

Pietro Beccari, who was CEO of Christian Dior Couture since 2018, has been named Chairman and CEO of Louis Vuitton.

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Miss Tweed's Boutique

A Year In the News 2021-2022

A Year in the News 2021-2022 is a compilation of Miss Tweed's stories published online during its second year. It is a way to immortalize on paper the media's digital content. Like the first yearbook, A Year in the News 2021-2022 is a limited edition and a collector's item. It celebrates the work of Claire Laude. Each one of her illustrations runs next to the first two paragraphs of the corresponding exclusive news or analysis.

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How Luxury Conquered the World

Author and journalist Astrid Wendlandt conducted a four-year investigation into the secretive world of fashion and luxury involving hundreds of interviews with top executives and designers. How Luxury Conquered the World explains how this industry has become one of the pillars of the global economy, putting it on a par with Google, Amazon, Facebook and Apple combined in terms of job creation and economic might.

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