Why first-quarter earnings results offer clues to luxury brands' strengths and weaknesses
European luxury conglomerates serve as bellwethers for the wider industry, and the first-quarter revenue results have provided insight into both the strengths and weaknesses of the sector, shedding light on the preferences and behaviors of luxury consumers worldwide as well as why some brands continue to defy the slowdown gripping the industry. Mickey and Scott discuss a presentation by luxury leader Pauline Brown and how successful brands like Prada, Miu Miu and Hermès understand the power of creating desire and making people 'feel alive' and how Kering's flagship Gucci fell from its rarefied perch by taking its eye off the brand and embracing a singular trend. They also talk about the delicate balance for luxury brands to appeal to both the wealthy and the aspirational consumers and applying the Hermès model to other luxury brands. Plus: Mickey gives an overview of the packed agenda at the upcoming Luxury Women's Leadership Summit on June 13
Hosts:
Mickey Alam Khan, CEO of Luxury Roundtable & Scott Kerr, Founder & President of Silvertone Consulting, Host of The Luxury Item podcast
About Luxury Stance podcast:
Luxury Stance podcast is the official podcast of Luxury Roundtable, the world's leading network for luxury professionals, marketers, and wealth managers. Each episode, hosts Mickey Alam Khan and Scott Kerr have a thoughtful discussion about critical issues facing the luxury industry and the latest trends shaping the future of the business.
To learn more about Luxury Roundtable, visit luxuryroundtable.com
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