Luxury

myGemma CEO: Luxury Resale’s Network Effect Fosters Loyalty, Repeat Business
myGemma CEO: Luxury Resale’s Network Effect Fosters Loyalty, Repeat Business
January 09, 2024  |  Retail

Luxury resale tends to be dominated by consignment platforms. Sites like The RealReal buy designer clothes, bags and jewelry, and then mark the prices to...

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Can Coupang’s $500 Million Lifeline Save Farfetch From Falling Out of Fashion?
Can Coupang’s $500 Million Lifeline Save Farfetch From Falling Out of Fashion?
December 19, 2023  |  Retail

After a roller coaster year of surprises, including a November decision to withhold its earnings results for the third quarter of 2023 and the cancellation...

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Ebay to Take on Poshmark, The RealReal for Luxury Resale Spend 
Ebay to Take on Poshmark, The RealReal for Luxury Resale Spend 
December 19, 2023  |  Retail

In a bid to draw consumers to its eCommerce platform, eBay is exploring new retail avenues. The online retailer served as a go-to site for...

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Farfetch Acquired by Korean eCommerce Giant Coupang
Farfetch Acquired by Korean eCommerce Giant Coupang
December 19, 2023  |  Retail

Struggling luxury retailer Farfetch has been purchased by Coupang, the South Korean eCommerce giant. The deal gives Coupang greater access to the personal luxury goods space, while offering...

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AI Co-Pilots May Be The Future of Membership-Only Luxury Travel
AI Co-Pilots May Be The Future of Membership-Only Luxury Travel
December 15, 2023  |  Artificial Intelligence

We exist at the intersection of behavior and technology.  When innovation meets expectation, that’s where the magic happens — particularly as today’s consumers increasingly expect...

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Luxury Brands Seek Discreet Ways to Move Goods During Slowdown
Luxury Brands Seek Discreet Ways to Move Goods During Slowdown
December 08, 2023  |  Retail

The luxury industry is reportedly facing a slowdown as shoppers sober up after their pandemic spending spree. This slowdown has left luxury brands with a...

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Report: Negotiations Continue After Neiman Marcus Rejects Saks Takeover Bid
Report: Negotiations Continue After Neiman Marcus Rejects Saks Takeover Bid
December 01, 2023  |  Retail

Neiman Marcus has reportedly rejected a $3 billion takeover bid from Saks Fifth Avenue. The two luxury department store chains have been engaged in negotiations...

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Richemont Has No Plan to Invest in Luxury Brand Farfetch
Richemont Has No Plan to Invest in Luxury Brand Farfetch
November 29, 2023  |  Retail

Cartier owner Richemont reportedly has no intention of investing in luxury retailer Farfetch. The company made that announcement Wednesday (Nov. 29) following the news that Farfetch could be...

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Report: Farfetch Founder José Neves Aims to Take Company Private 
Report: Farfetch Founder José Neves Aims to Take Company Private 
November 28, 2023  |  Economy

The founder of online luxury fashion retailer Farfetch, José Neves, reportedly aims to take the company private.  Neves, who has a 15% stake and 77% of the...

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