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Top related persons:
Claudia D'Arpizio - 3 D'Arpizio - 3 Bain - 1 Louis Vuitton - 1 Z - 1 Gen Z - 1 There's - 1 Blanca Zugaza Escribano - 1
Top related locs:
Hermès China U.S YOLO Wall Silicon New York
Top related orgs:
Bain & Company - 3 Louis - 1 Prada - 1 Industry - 1 Bain - 1 Business - 1 NYU's Stern School - 1 Gen - 1

Search resuls for: "Claudia D'Arpizio"


3 mentions found


☆ Luxury brands forgot about Gen Z. They can't afford to make that mistake again.
  + stars: | 2024-11-16 | by ( Maria Noyen | ) www.businessinsider.com   time to read: +7 min
But now it appears that some luxury brands have forgotten that aim. Dukas/Getty ImagesRay of Buttermilk said that some luxury brands have been hesitant to explore collaborations as a means of engaging Gen Z consumers because they fear losing their luxury allure. The future is vintageLuxury players might be kicking themselves for alienating Gen Z consumers, but Gen Zers never forgot about luxury. But secondhand's success isn't bad news for primary luxury brands, Escribano said. Bar certain luxury products like Hermès Birkins handbags, secondhand luxury is by and large cheaper and retains a level of exclusivity, she said.
Persons: Bain, Louis Vuitton, Z, Gen Z, There's, Claudia D'Arpizio, Blanca Zugaza Escribano, Gen, D'Arpizio, LVMH, Prada, Sabrina Carpenter, Marleen Moise, Getty, Jamie Ray, Escribano, Gen Z's, Thomaï, They've, Gen Zers, Z's Organizations: Louis, Prada, Bain & Company, Industry, Bain, Business, NYU's Stern School, Gen Locations: Hermès
☆ 'Luxury shame': China's rich shy away from flaunting their wealth amid economic jitters
  + stars: | 2024-07-16 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com   time to read: +1 min
China's rich are turning their backs on flaunting their wealth as the economy faces headwinds, putting the country's luxury market under pressure. China's rich are growing more cautious about flaunting their wealth as the economy faces headwinds, putting the country's luxury market under pressure. "Wealthy customers are afraid of being seen as too ostentatious or too showy," Claudia D'Arpizio, partner partner and global head of fashion and luxury at Bain & Company, told CNBC in a separate interview. "We call it luxury shame similarly [to] what happened in the U.S. in 2008-2009," D'Arpizio said. "Even people that can afford to buy these products have less willingness to do so, [in order] not to be seen as really buying or wearing very expensive products."
Persons: Derek Deng, Claudia D'Arpizio, D'Arpizio Organizations: Bain and Company, Bain &, Bain & Company, CNBC Locations: China, U.S
☆ The 'richcession' isn't happening. The ultra-wealthy have never been richer and they're still spending like crazy.
  + stars: | 2023-07-29 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +6 min
Experts say the richest are actually even richer and spending more than they were before the pandemic. Most Americans now have "spent up" demand for goods, but still have pent up demand for services, Zandi says. In her experience, luxury spending is highly correlated with the stock market, and investors have enjoyed handsome returns so far this year as the S&P 500 rebounds from its 2022 lows. The luxury services sector was a particular hot spot. "If this is a richcession, the rich are probably saying, bring it on," Zandi said.
Persons: they've, Mark Zandi, Zandi, they're, Rather, pricey Taylor Swift, Taylor Swift, Patek Philippe, Claudia D'Arpizio, D'Arpizio, Scott Dunn, Bridget Lackie, Lackie, Jennifer Stillman, Douglas Elliman, we've, Stillman Organizations: Service, Wall Street, Rolex, Bain & Company Locations: YOLO, Wall, Silicon, New York
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