Week 13 in Luxury: New Valentino Creative Director, Elder Statesman Investment, and Rising Travel Trends.
Welcome to Week 13 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 five intriguing stories that are shaping the luxury industry landscape.
1. Alessandro Michele named creative director of Valentino.
Italian fashion house Valentino has appointed Alessandro Michele, former creative director of Gucci, as its new guiding force, emphasizing his exceptional talent and creativity. The move signals a pivotal moment for Valentino, with expectations of Michele continuing to elevate the brand's heritage and identity while ushering in a new chapter of excellence and beauty.
Read the full article here | Luxury Daily
2. Emma and Jens Grede, Von Furstenbergs Invest in The Elder Statesman
Entrepreneurs Emma and Jens Grede, alongside the Von Furstenberg family, have acquired a minority stake in The Elder Statesman, the luxury knitwear label founded by Greg Chait. This investment infusion from their family office, Popular Culture, brings financial support and operational expertise to expand The Elder Statesman, known for its vibrant cashmere products, to a wider audience.
Read the full article here | Branding Strategy Insider
3. Rise in spontaneous bookings sparking solo adventures: American Express.
The 2024 Global Travel Trends Report from American Express identifies four key movements shaping the current tourism landscape: vacations centered around sporting events, expedition-style trips, solo adventures, and embracing spontaneity in travel plans. With 84 percent of respondents planning to maintain or increase their spending on getaways compared to the previous year, hospitality brands that align with these trends are poised to gain a competitive edge.
Read the full article here | Luxury Daily
4. Luxury Unfiltered: Reinventing luxury in the age of AI and Gen Z.
Exclusive private members’ clubs in New York City, rooted in 18th-century British tradition, offer luxury, privacy, and networking opportunities to affluent individuals across various industries. With soaring initiation fees and selective membership processes, these clubs remain elite enclaves where the privileged few indulge in exclusive amenities and uphold time-honored traditions.
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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