{"id":12938,"date":"2026-06-07T11:39:24","date_gmt":"2026-06-07T11:39:24","guid":{"rendered":"https:\/\/8657085.xyz\/?p=12938"},"modified":"2026-06-07T11:39:24","modified_gmt":"2026-06-07T11:39:24","slug":"luxury-sector-seeks-to-recover-its-cachet","status":"publish","type":"post","link":"https:\/\/8657085.xyz\/?p=12938","title":{"rendered":"Luxury sector seeks to recover its cachet"},"content":{"rendered":"<p> <div style=\"display: grid; grid-template-columns: 300px 160px; gap: 2px; width: 460px; background: #eee; padding: 2px;\">\r\n\r\n  <!-- \u6574\u884c\u5bbd\u5e7f\u544a -->\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876674\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 90px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876676\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u5de6\u4fa7\u7ad6\u6392 -->\r\n  <div style=\"height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876672\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"height: 500px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876680\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u53f3\u4fa7\u6469\u5929\u697c\uff08\u548c\u5de6\u4fa7\u5b8c\u5168\u5bf9\u9f50\uff09 -->\r\n  <div style=\"grid-row: 3\/5; height: 750px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876678\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  \r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e6\" data-zoneid=\"5876682\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n<\/div><br \/>\n<\/p>\n<div style=\"padding-right:0;padding-left:0\">\n<p>Faced with a painful slowdown in recent years, the luxury sector is seeking to recover its mojo by juggling a back-to-basics approach with finding new ways to connect to clients.<\/p>\n<p>The financial performances of the heavyweights \u2014 profits amputated last year at LVMH and Kering, while Burberry posted a loss for its 2024-2025 financial year \u2014 testify to the fact the market has undergone a change.<\/p>\n<p>The causes are multiple, including\u00a0the slowing Chinese market, aspirational customers becoming more cost-conscious, and concerns about quality.<\/p>\n<p>\u201cFollowing the Covid pandemic the luxury market was boosted by binge buying,\u201d said Eric Briones, a cofounder of the Paris School of Luxury who recently published a book about the transformation of the sector.<\/p>\n<p>\u201cAnd when the luxury sector was confronted with that strong demand, the artisanal model came under pressure,\u201d he said, pointing to recent outsourcing scandals in Italy.<\/p>\n<p>\u2013 Luxury overexposed \u2013<\/p>\n<p>A major part of the luxury cachet is that products are made with superior materials by skilled artisans using traditional methods, which naturally limits production.<\/p>\n<p>Italian police have been investigating major luxury brands for two years over work allegedly outsourced to\u00a0poorly paid Chinese workers and grim labour conditions.<\/p>\n<p>The post-Covid boom in demand was accompanied by price hikes of up to 50 percent for some labels, \u201cwithout improvements in quality, and sometimes a drop in quality\u201d, Briones said.<\/p>\n<p>Not only prices increased. Volumes did too.<\/p>\n<p>\u201cIt is a fundamental question,\u201d said Christophe Cais, chief executive at CXG, a consultancy that works with premium and luxury\u00a0brands about customer experiences.<\/p>\n<p>\u201cHow many bags can you sell globally without becoming overexposed? Exclusivity is desirable and at the same time you want sales volume, so at what point does volume undermine exclusivity?\u201d he said.<\/p>\n<p>According to the consultancy Bain &amp;amp; Company, the luxury market lost 20 million clients between 2024 and 2025, after having lost 50 million over the previous two years.<\/p>\n<p>\u2013 Consolidation \u2013<\/p>\n<p>Following years of economic and geographic growth for the big luxury groups, analysts say the time has come to prune.<\/p>\n<p>\u201cA phase of recentring and bringing some coherence to portfolios is underway,\u201d said Lea Hubsch at Kearney.<\/p>\n<p>\u201cThat may include stepping back or finding another partner for certain brands that aren\u2019t so much part of the DNA\u201d of a group, she added.<\/p>\n<p>LVMH, the world\u2019s largest luxury conglomerate, recently sold off US label Marc Jacobs after holding it for three decades.<\/p>\n<p>In January, it sold the\u00a0DFS\u00a0duty free\u00a0shops\u2019 activities in China.<\/p>\n<p>Kering, another luxury group based in France that is undergoing a major shakeup, sold off its beauty division to L\u2019Oreal for four billion euros ($4.7 billion)<\/p>\n<p>\u201cThis consolidation trend is sure to continue as conglomerates clean out underperforming or strategically less important divisions, focusing on core operations,\u201d CXG said in a recent report.\u00a0<\/p>\n<p>That will provide opportunities for other companies to snap brands and create new combinations.<\/p>\n<p>Italy\u2019s Versace bought its home turf rival Prada last year for 1.25 billion euros.<\/p>\n<p>Other deals are expected: Giorgio Armani indicated in his will that he wanted his fashion house to eventually join a luxury group like LVMH or L\u2019Oreal.<\/p>\n<p>\u2013 Desirability, quality, experiences \u2013<\/p>\n<p>Kering\u2019s new CEO Luca de Meo was quite clear in his presentation of the group\u2019s turnaround strategy last month that consolidation was coming, but he also signalled a back-to-basics approach.<\/p>\n<p>He called for an upgrade in quality and efforts to restore the desirability of its leading brand Gucci, which fell victim to overexposure thanks to streetwear.<\/p>\n<p>\u201cOur priority is to make Gucci unmissable again,\u201d de Meo said.<\/p>\n<p>\u201cIn one second, you must know it\u2019s Gucci \u2014 and it doesn\u2019t mean covering the world with GG.\u201d<\/p>\n<p>Analysts say that in addition to returning to an emphasis on craftmanship\u00a0and quality, the industry is tuning into demand for experiences and tap into the wellness trend with customer service that rivals that of luxury hotels.<\/p>\n<p>\u201cDesire has shifted to \u2018experiences\u2019: beauty, hospitality, transformative luxury,\u201d Briones said.<\/p>\n<\/div>\n<p><!-- \u603b\u5bb9\u5668\uff1a\u6700\u5927\u5bbd908px Grid\u7d27\u51d1\u5e03\u5c40 -->\r\n<div style=\"display: grid; 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display:grid; place-items:center;\">\r\n\t\r\n<!-- JuicyAds v3.0 -->\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async src=\"https:\/\/poweredby.jads.co\/js\/jads.js\"><\/script>\r\n<ins id=\"1114303\" data-width=\"125\" data-height=\"125\"><\/ins>\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async>(adsbyjuicy = window.adsbyjuicy || []).push({'adzone':1114303});<\/script>\r\n<!--JuicyAds END-->\r\n\t<\/div>\r\n  <\/div>\r\n\r\n  <!-- \u53f3\u4fa7\u7ad6\u680f\uff1a160\u00d7600 \u6574\u5217\u9ad8\u5e7f\u544a -->\r\n  <div style=\"grid-row:3\/8; height:600px;  display:grid; place-items:center;\">\r\n    <!-- JuicyAds v3.0 -->\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async src=\"https:\/\/poweredby.jads.co\/js\/jads.js\"><\/script>\r\n<ins id=\"1114301\" data-width=\"160\" data-height=\"600\"><\/ins>\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async>(adsbyjuicy = window.adsbyjuicy || []).push({'adzone':1114301});<\/script>\r\n<!--JuicyAds END-->\r\n  <\/div>\r\n\r\n<\/div><br \/>\n<br \/> Luxury sector seeks to recover its cachet<br \/>\n<br \/>#Luxury #sector #seeks #recover #cachet<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Faced with a painful slowdown in recent years, the luxury sector is seeking to recover&#8230;<\/p>\n","protected":false},"author":1,"featured_media":12939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[12007,2331,4182,3634,4702],"class_list":["post-12938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stories","tag-cachet","tag-luxury","tag-recover","tag-sector","tag-seeks"],"featured_image_urls":{"full":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/172c76570cfb8ff6a310776c5c6a0721d32f63d8.jpg",768,512,false],"thumbnail":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/172c76570cfb8ff6a310776c5c6a0721d32f63d8-150x150.jpg",150,150,true],"medium":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/172c76570cfb8ff6a310776c5c6a0721d32f63d8-300x200.jpg",300,200,true],"medium_large":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/172c76570cfb8ff6a310776c5c6a0721d32f63d8.jpg",640,427,false],"large":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/172c76570cfb8ff6a310776c5c6a0721d32f63d8.jpg",640,427,false],"1536x1536":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/172c76570cfb8ff6a310776c5c6a0721d32f63d8.jpg",768,512,false],"2048x2048":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/172c76570cfb8ff6a310776c5c6a0721d32f63d8.jpg",768,512,false],"covernews-slider-full":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/172c76570cfb8ff6a310776c5c6a0721d32f63d8.jpg",768,512,false],"covernews-slider-center":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/172c76570cfb8ff6a310776c5c6a0721d32f63d8-768x500.jpg",768,500,true],"covernews-featured":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/172c76570cfb8ff6a310776c5c6a0721d32f63d8.jpg",768,512,false],"covernews-medium":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/172c76570cfb8ff6a310776c5c6a0721d32f63d8-540x340.jpg",540,340,true],"covernews-medium-square":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/172c76570cfb8ff6a310776c5c6a0721d32f63d8-400x250.jpg",400,250,true]},"author_info":{"display_name":"admin","author_link":"https:\/\/8657085.xyz\/?author=1"},"category_info":"<a href=\"https:\/\/8657085.xyz\/?cat=7\" rel=\"category\">Stories<\/a>","tag_info":"Stories","comment_count":"0","_links":{"self":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/posts\/12938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12938"}],"version-history":[{"count":0,"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/posts\/12938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/media\/12939"}],"wp:attachment":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}