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text 2019-11-20 10:20
Luxury Fashion Industry Worldwide is anticipated to Generate Huge Profits, Key Vendors by Forecast to 2022

Globally, luxury fashion market has been increasing due to improved offerings for affordable and lower-priced luxury fashion. Enhanced product line differentiation, segmentation, improved digital marketing tools through various popular social media websites specific to regions is positively influencing the luxury fashion market. Hence, luxury fashion market is expected to grow at CAGR of more than 5% from 2016 to 2022.

Europe and North-America dominates the luxury fashion market share during the period 2011-2015 due to the presence of major market players in these regions.

 

Ask for your specific company profile and country level customization on reports.

This report includes a study of strategies, of major market players. It includes the product portfolios, developments of leading major players such as Louis Vuitton, Hermès, Gucci, Chanel, Rolex, Cartier, Prada, Burberry, Michael Kors, Tiffany, Zara, and Dolce & Gabbana.

 

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global luxury fashion market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

 

Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/1770

 

Key Findings:

Secondary data reveals that among the various market segments accessories specifically watches and jewelry witnessed highest growth followed by clothing in the last few years

 

Clothing and accessories dominates the luxury fashion market both in market volume

Rise in women working population across the world has boosted the luxury fashion product sales to a greater extent, traction for branded items, rise in disposable incomes continue to support growth of the luxury fashion market

 

Key Players

The key players profiled in luxury fashion market are Louis Vuitton, Hermès, Gucci, Chanel, Rolex, Cartier, Prada, Burberry, Michael Kors, Tiffany, Zara, and Dolce & Gabbana

 

Regional Analysis:

The global luxury fashion market, by region, has been segmented into Europe, Asia Pacific, North America, and the Rest of the World (RoW). North America and Europe are the two prominent regional segments owing to the strong economic growth being witnessed in these regional segments. The presence of developed economies such as the U.S., the U.K., France, Germany, Italy, etc. In addition, most of the brands are based out of these regions which are anticipated to further propel the expansion of the luxury brand market in these regions. The high purchasing power of the masses is likely to drive the expansion of the regional market. In addition, the availability of a wide variety of options to choose from, in conjunction with the influence of fashion industry, is poised to boost revenue generation in the luxury brand market in North America and Europe.

 

Browse Full Report @ https://www.marketresearchfuture.com/reports/luxury-fashion-market-1770

 

Asia Pacific is expected to exhibit rapid developments owing to the exponential growth of the middle-income population. The per capita income of the region is increasing which has led to a rise in the standards of living of the people. This, in turn, is projected to accelerate revenue creation for the participants of the luxury brands market in the years to come.

 

The Rest of the World (RoW) is poised to witness steady growth. Although certain regions in Africa are anticipated to grow at a limited pace, the growth of the Middle Eastern countries is expected to propel market expansion.

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 

Contact

Market Research Future

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Email: sales@marketresearchfuture.com

Source: www.marketresearchfuture.com/reports/luxury-fashion-market-1770
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text 2019-10-09 08:05
The Future of Sustainable luxury

 

For more than a decade the concept of “sustainable luxury” has been afoot. Sustainable luxury can relate to all kinds of luxury brands, from fashion to hospitality. Rather than offering an “eco-friendly product seeking a premium image”, the idea of sustainable luxury is to embed sustainability values and practices into a luxury good or brand.

 

But can sustainability and luxury really go hand in hand?

 

According to an article on HuffPost, sustainable products “share the same ‘essential’ qualities of luxury goods.”

 

  • They call for ‘extraordinary creativity and design’
  • They must be made from ‘exceptional materials’
  • They should be good quality and are often rare

 

More and more luxury brands around the world are adopting the concept of sustainable luxury in the hope to attract more discernible customers, improve their brand image, drive innovation and reduce risks associated with climate and ecological breakdown.

Whilst this has given rise to greenwashing, many luxury brands do or are starting to see sustainability as a core value integral to the way in which they operate. Gucci CEO, François-Henri Pinault, said: "My deep conviction that sustainability creates value is part of my strategic vision...Sustainability can – and must – give rise to new, highly ambitious business models and become a lever of competitiveness for our brands."

 

What about our planetary boundaries?

 

Within the past year, the critical climate and ecological crisis our planet is facing has become ever more apparent and it is clear that all parties, including luxury brands have not done enough to become sustainable.

 

Considering the science which now states we have very limited time to prevent further ecosystem collapse and global warming, luxury brands have no choice but to deepen their commitment to sustainability on all levels - and fast. Not only to do better by people and the planet but to increase their own resilience against these issues.

 

According to an article written in the 2019 Sustainable Hospitality Yearbook, “The global trend is moving towards full decarburization. Hotels...who do not prioritize climate mitigation will be left behind.” The same can really be said for any brand in the luxury sector.

 

Should we be rethinking luxury?

 

Our complex world is changing quickly and if we are to survive as a species, increase long-term business resilience in the luxury sector and restore what is left of the biosphere, we may need to rethink our definition of luxury altogether and redesign the industry to one that is restorative and promotes social equity.

 

If done right, sustainable luxury items will create minimal harm (to people and planet) and be designed and produced to last a lifetime. The item’s full life-cycle should be taken into account when produced so that the product does not fall prey to our current linear take-make-dispose model, but rather one of circular economy. In the case of hotels, or any built environment, every element of design, refurbishment and operation needs to be done with sustainability at its core - and with the intention of ending reliance on fossil fuels and becoming carbon neutral very soon.

 

Luxury brands also have a responsibility, as trendsetters in our current world, to communicate sustainability and the need for customers to “buy less” and “choose well” as fashion designer Vivienne Westwood says.

 

Interested in being at the forefront of sustainable luxury?

 

At SUMAS, we offer an MBA and MAM in Sustainable Fashion and Sustainable Hospitality. These programs are designed with cutting-edge curriculums aimed at integrating responsible leadership in the luxury sectors of Fashion and Hospitality.

Source: sumas.ch/the-future-of-sustainable-luxury
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text 2019-08-07 06:41
Degrees to Consider at Any European University

There are numerous degrees that you can consider when you study in Europe and you need to be aware of what they are. Knowing what your options are like the sustainability courses online can help you to make the decision about which location to attend. Here are some of the top degrees that you would need to think about when it comes to your future.

 

 

Degrees to Consider

 

When you are looking at sustainable schools you need to consider the variety of degrees that you can pick and choose from, including:

 

  • Online PhD sustainability degree
  • Fashion management education
  • online MBA programs in Switzerland

 

These are just a few of the main options that you are going to have to consider and you would need to know what you can get from the best business schools in Switzerland.

 

Go ahead and start thinking about the online masters programs Switzerland that you can enroll in and pick the area of study that interests you. There are plenty of options like sustainable fashion, luxury and fashion and so much more that you can look at. Think about taking some of the classes on the internet to make getting your degree from one of the top European schools easier for you.

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text 2019-07-19 12:07
Leading the Way in Sustainable Fashion

Clothes are an everyday necessity and for many a central part of self-expression and creativity. Fashion, however, is a dirty business. The current fast-paced production of clothes is incredibly resource intensive, wasteful, exploitative and pollution-heavy.

 

According to the United Nations “the fashion industry, including the production of all clothes which people wear, contributes to around 10% of global greenhouse gas emissions due to its long supply chains and energy intensive production. The industry consumes more energy than the aviation and shipping industry combined.”

 

Besides the emissions associated with today’s fashion industry, every item of clothing comes with a cost - both environmental and social.

 

According to the documentary film River Blue, one fashion brand will use over 28 trillion gallons of water every year. In addition to the actual use of precious drinking water, clothing manufacturers are dumping toxic chemicals into nearby rivers which are killing off animal life, contaminating water and sky-rocketing occurrences of death and disease in affected people.

 

People are also affected in the way of workers exploitation. Garment workers are forced with unsafe working conditions and being paid far below a living wage.

 

But there is hope. The Fashion Transparency Index reports that there’s been a “280% rise in tier-one supplier transparency from fashion brands since 2016.”

 

We are seeing greater pressure and demand to transform the fashion industry to be ethical and sustainable whilst incredibly innovative and exciting transformations are already afoot.

 

Here are just five examples of trailblazers in the sustainable fashion space.

 

The Ellen MacArthur Foundation - Promoting a shift to circular economy

 

In 2010, Dame Ellen McArtur launched the foundation to promote a paradigm shift towards a circular economy, particularly in the fashion industry. The circular economy looks at moving away from the current linear model of our economy which is to take-make-dispose. Circular economy transcends our current extractive industrial model by “gradually decoupling economic activity from the consumption of finite resources, and designing waste out of the system.”

 

Circular economy is underpinned by a transition to renewable energy sources and building rather than depleting natural and social capital. It is based on three principles:

 

  • Design out waste and pollution
  • Keep products and materials in use
  • Regenerate natural systems

 

 

Fashion Revolution - Ending exploitation and ecological damage caused by fashion

 

Fashion Revolution is a group of “designers, academics, writers, business leaders, policymakers, brands, retailers, marketers, producers, makers, workers and fashion lovers” who aim to “unite people and organisations to work together towards radically changing the way our clothes are sourced, produced and consumed, so that our clothing is made in a safe, clean and fair way.”

 

Fashion revolution hosts a number of online and offline events all over the world, including the annual Fashion Revolution Week which put pressure on brands to reveal #whomademyclothes.

 

The organisation has released a manifesto with ten principles to which the fashion industry should uphold itself and are engaging with top fashion brands through their transparency index.

 

 

 

Patagonia - Subscribing to activism as a modern clothing brand

 

As far as large clothing brands leading the way on sustainable fashion practices go, Patagoina comes out top. Patagonia proudly markets themselves as an “activist company” and attempts to transparently prove why they deserve that name. Patagonia actively practices responsible resource management whilst promoting longer-use and better care of their products in order to reduce consumerist impact.

 

The company transparently communicates their journey to improve their supply chain and reduce their carbon footprint whilst even taking part in direct action and activism. Their central focus is on the lives of their workers. Considering the current environmental crisis we face currently, we need more companies to take an active stand like Patagonia has.

 

 

Kye Shimizu - Using technology and tradition to decrease fashion waste

 

According to Sustainable living platform Twyg Mag, “Kye Shimizu is not a fashion designer, but his Algorithmic Couture project has created a new convention for fashion,” using code to eliminate waste and make fashion sustainable.”

 

Kye is the co-founder of Synflux, a Tokyo-based research collective that focuses on design research and fashion design. Together with is co-founders Yusuke Fujihira, Kotaro Sano, and Kazuya Kawasaki, they developed a system which has taken the concept of traditional Japanese straight-line pattern cutting and combined it with technology,

 

The Algorithmic Couture project:

 

  • captures body measurements and data of a customer,
  • then creates a 2D zero waste digital patterns using straight lines;
  • outfits are designed using these straight line patterns in collaboration with a designer;
  • the customer is able to customize color and fabric type;
  • outfit is made to fit the consumer whilst avoiding fabric waste.

 

 

Forum for the Future - Open source information for the future of fashion

 

In partnership with the Centre for Sustainable Fashion at the London College of Fashion and with support from C&A Foundation, Forum for the Future has launched Fashion Futures 2030, “an open-source learning toolkit to help fashion businesses plan for future scenarios with sustainability in mind.”

 

The toolkit uses four vivid scenarios which explore topics such as:

 

  • climate change
  • resource shortages
  • population growth
  • And other factors that will shape the world of 2030 and the future of the fashion industry.

 

 

 

The next 10 years are going to be some of the most important in the entire human history. All individuals, governments and industry will have to make widespread unprecedented changes if we are to avoid climate catastrophe and further devastating biodiversity loss. Embracing sustainable and ethical fashion practices is one of the most important ways of doing this.

 

Do you want to make a difference to the fashion industry?

 

Sumas offers a range of sustainable fashion courses and degrees:

 

 

Contact us on info@sumas.ch to find out more.

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