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Urban Jürgensen’s Bold Return to Fine Watchmaking

Image via Urban Jürgensen

Once a name whispered in connoisseur circles, Urban Jürgensen is reawakening with grandeur, precision, and purpose. Under the stewardship of the Rosenfield family and Finnish master watchmaker Kari Voutilainen, the historic Danish brand has embarked on a meticulously orchestrated revival. The project, infused with passion and an uncompromising commitment to craftsmanship seeks to restore a legendary marque and to redefine excellence in contemporary horology. 

Founded in 1773 in Copenhagen, Urban Jürgensen became renowned for its refined mechanical timepieces, even creating watches for the Danish royal court. Yet later on the brand fell into relative obscurity in recent decades—celebrated in niche collector circles but largely unknown to the wider luxury market. In 2021, the brand’s fate shifted when the Rosenfields, a family of American investors with deep ties to both finance and fine watchmaking, acquired the company and committed $25 million to its revival. 

The project is led by Alex Rosenfield, a former brand strategist in media and fashion, now serving as co-chief executive of Urban Jürgensen. Rosenfield explained that his family had not initially planned to enter the watch industry. However, upon learning of Urban Jürgensen’s decline, they chose to acquire the company with the intention of restoring it. His father, Andy Rosenfield, president of Guggenheim Partners and a longtime collector of high-end watches, has taken on an advisory role. The duo’s approach to the brand’s rebirth is deeply humanist: inclusive rather than elitist, expansive yet committed to absolute excellence. 

Kari Voutilainen, widely regarded as one of the foremost horological artisans of his generation, is the other co-executive officer. Voutilainen brings with him a reputation for extraordinary detail and craftsmanship, alongside a minority stake in the company and oversight of a new generation of in-house mechanical movements. 

This strategic resurrection of Urban Jürgensen is built on watchmaking mastery and on carefully considered branding and creative direction. The relaunch campaign, “Time Well Spent” photographed by the legendary Ellen von Unwerth, brings a modern glamour to the historic marque, appealing to both seasoned collectors and new luxury consumers alike.  

The product strategy mirrors that of the most successful contemporary independent maisons—exclusive, small-batch production designed for longevity and high cultural value. Importantly, the brand has chosen a direct-to-consumer model, eschewing traditional wholesale networks. In time, Urban Jürgensen plans to introduce experiential spaces—part showroom, part social salon—that serve more as cultural venues than conventional retail outlets. This approach mirrors the success of A. Piguet’s AP House concept and caters to a new class of luxury clients who value personal connections over transactional commerce. 

Key Takeaways for Leaders and Investors 

  • Strategic Resurrections Can Yield High-Prestige Returns: Authentic brand heritage, if properly executed, commands attention in a market craving meaning. 
  • Craft + Storytelling = Modern Luxury Appeal: The blend of artisanal quality and compelling narrative draws elite consumers. 
  • Controlled Growth Protects Prestige: Capping production while maximizing artistry ensures desirability and longevity. 
  • Experiential Retail Reinforces Exclusivity: Selling luxury in intimate, immersive environments adds emotional value to functional design. 

Urban Jürgensen’s revival transcends mere industry headlines—it stands as a refined demonstration of how authentic heritage, when guided by vision and integrity, can be reshaped into lasting cultural capital. For today’s luxury leaders, it affirms that timeless prestige and contemporary innovation are not in conflict, but rather, in concert. This renaissance signals a new standard in the world of fine watchmaking—where tradition and transformation move forward, elegantly in sync. 

Stay up to date on the latest luxury industry news: https://worldluxurychamber.com/insights-news/  

SOURCES: BOF 

From Automobiles to Haute Couture: Luca de Meo to Lead Kering’s Reinvention 

When a house built on heritage looks beyond fashion for its future, it signals a defining shift in the essence of luxury. Kering has officially appointed Luca de Meo, former CEO of Renault, as its new chief executive officer—a decisive move that signals a major strategic shift for the French luxury group at a time of mounting financial and brand challenges. The leadership transition will mean a new chapter for the company behind iconic brands like Gucci, Balenciaga, and Saint Laurent. 

Kering is under mounting pressure, as Gucci—responsible for over 60% of the group’s profits—reported a steep 25% drop in first-quarter sales following a turbulent 2024, according to The Business of Fashion. De Meo’s appointment, while unconventional given his background in the automotive sector, underscores the group’s willingness to break with tradition in pursuit of reinvention. Known for his transformation expertise and strategic clarity, De Meo is expected to spearhead efforts to restore market confidence, streamline operations, and recalibrate Kering’s creative and commercial direction for long-term growth. His arrival comes amid a rapidly evolving luxury landscape, where consumer expectations, brand relevance, and operational resilience are being tested like never before. 

Insights & Implications for Kering and the Sector 

  • Leadership Overhaul: Kering has announced plans to separate the CEO and Chairman roles in 2025, with François-Henri Pinault remaining Chairman and Luca de Meo set to assume the CEO position following shareholder approval. 
  • Market Underperformance and Gucci’s Decline: The group’s share price has declined by over 60% in two years, triggered by weak performance from Gucci and other flagship brands. 
  • Debt Exposure: Kering is burdened with more than €10 billion in debt, increasing vulnerability to credit downgrades and limiting strategic flexibility. 
  • Luca de Meo’s Profile: Known for his tenure at Renault and deep experience in turnaround strategies, de Meo brings a fresh, cross-sectoral perspective to the luxury conglomerate. 
  • Strategic Repositioning Opportunity: De Meo’s appointment may catalyze a redefinition of Kering’s identity. 

As Kering stands at a critical crossroads, the appointment of Luca de Meo as CEO represents both a gamble and a declaration of intent. It is a bold pivot towards managerial innovation and operational renewal—hallmarks of de Meo’s leadership. For the luxury sector at large, this transition at one of its most storied groups signals a new era in which cross-industry acumen, strategic boldness, and structural agility are the currency of competitiveness.  

The luxury world will watch closely as Kering embarks on this leadership transformation. For CEOs and industry leaders, the message is clear: legacy alone is not enough. In an age of market volatility and shifting consumer tastes, guidance and vision are the ultimate luxury. 

Stay up to date on the latest luxury industry news: https://worldluxurychamber.com/insights-news/ 

SOURCES: BOF, BOFKering 

As Global Demand Cools, LVMH Leverages AI to Stay Ahead of the Curve 

As perceptions of luxury continue to change, major maisons face mounting headwinds: consumers are tightening their belts, growth in core markets such as the U.S. and China is cooling, and the post‑pandemic boom is giving way to a new normal. Against this backdrop, LVMH is placing a strategic bet on artificial intelligence as the linchpin to maintain its leadership and refine its operational excellence. 

At the heart of LVMH’s strategy lies the conviction that artificial intelligence is not merely a support function—it is a transformational force. Far from replacing creativity or diluting heritage, AI is being woven discreetly into the fabric of each maison’s operations, from supply chain orchestration to client personalization. The initiative is not peripheral; it is foundational to the group’s vision of what modern luxury must become. 

To that end, LVMH has implemented AI in several core areas of its business, each reflecting both operational foresight and brand sensitivity. These applications reveal how the conglomerate is using technology to preserve exclusivity while enhancing agility: 

  • Centralized data backbone: In partnership with Google Cloud, LVMH has created a unified digital infrastructure over the past four years. This platform spans all 75 of its maisons and is designed to harmonize internal data. 
  • Precision in supply chain and pricing: AI models forecast logistical disruptions, anticipate currency impacts, and help optimize pricing strategies in real time. 
  • Client personalization at scale: Some houses now enable advisors to craft highly tailored client communications, using full access to each customer’s interaction history, preferences, and purchasing behavior. This ensures a consistently bespoke experience that respects the brand’s tradition of intimate luxury. 
  • Enhanced digital commerce experiences: With Google’s “Search for Commerce” integrated into online platforms, LVMH has reported higher conversion rates thanks to improved semantic product discovery, ensuring clients find exactly what resonates with them faster and more intuitively. 
  • Creative and marketing augmentation: Generative AI supports designers in early concept development, while marketing teams can dynamically tailor campaign messaging, imagery, and product descriptions across markets and languages. 
  • MaIA: LVMH’s internal AI assistant:  Built using Google Gemini, Imagen, and OpenAI’s GPT models, MaIA is now handling over 2 million internal queries monthly across 40,000 employees. It facilitates a range of tasks reinforcing internal efficiency without sacrificing brand identity. 

This AI-first strategy emerges at a critical juncture for the luxury sector—one in which legacy and creative prowess alone no longer guarantee resilience. In recent years, luxury brands implemented widespread price increases, with some products rising by 20 to 30 percent during the pandemic recovery period. Today, however, that upward trajectory is beginning to meet consumer resistance, particularly in the United States and China—two historically vital engines of high-end consumption. 

Simultaneously, some of the industry’s core categories, including fashion and leather goods, are beginning to show signs of fatigue. Once the dependable pillars of revenue growth, these segments are now navigating a more measured pace of demand. 

As the exuberance that characterized the post-COVID rebound begins to level out, the market is entering a new phase of normalization. In this evolving environment, operational precision, data-driven insight, and technological adaptability are fast becoming the new markers of competitive advantage. For LVMH, AI is not merely a response to these pressures—it is a means of redefining excellence in an era that prizes both beauty and efficiency. 

By integrating intelligence into both artistic and administrative processes, LVMH is signaling that the next chapter of luxury will be as much about system elegance as it is about aesthetic excellence. By harnessing predictive AI across supply‑chain, design, pricing, marketing, and customer‑service functions, it aims to maintain operational agility while preserving the authentic luxury experience. 

In an environment where price increases no longer guarantee volume growth and consumer affinity may ebb, LVMH’s MaIA and digital transformation signal a decisive pivot: luxury powered by technology, ensuring efficiency without sacrificing elegance. For industry insiders, this marks a profound testament to how heritage brands are modernizing their DNA—preserving exclusivity through precision, personalization, and predictive insight. 

Stay up to date on the latest luxury industry news: https://worldluxurychamber.com/insights-news/  

SOURCES: WSJ 

Luxury Library: $100M Offers: How to Make Offers So Good People Feel Stupid Saying No 

Author: Alex Hormozi
Publication Date: 2021
Amazon Rating: 4.9

The WLCC Luxury Library is a vital hub for luxury professionals and enthusiasts, offering a curated collection of insights, trends, and knowledge in the luxury sector. Tailored for members of the World Luxury Chamber of Commerce, it offers up-to-date resources on branding, marketing, and high-end consumer behavior. Through a focus on learning and collaboration, the Luxury Library seeks to inspire innovation and raise the bar within the luxury sector. 

$100M Offers: How To Make Offers So Good People Feel Stupid Saying No by Alex Hormozi ‘s work transcends the typical business manual—it is a blueprint for constructing offers so compelling that potential clients feel irrational for walking away. With over one million copies sold and three years as an Amazon #1 bestseller, the book has become a cult favorite among entrepreneurs aiming for rapid growth without relying on traditional marketing tactics. 

Hormozi’s journey—from near-bankruptcy to generating over $120 million across industries like software, e-commerce, and brick-and-mortar—is not just motivational; it’s instructional. What sets his method apart is its simplicity and impact: no complex funnels, massive ad spends, or even email marketing (not until after crossing $50M in sales). Instead, he focuses on making the offer itself so irresistible that buyers are eager—almost desperate—to say yes. 

At the heart of his approach is a three-part framework designed to elevate value, remove price resistance, and position your product or service as the only logical choice.  

The three pillars that can be applied immediately are: 

Positioning Your Price for Maximum Profit 
To command premium pricing, you must reframe how your audience perceives value. Hormozi breaks it down with: 

  • Tiny Market, Big Money Process – Target underserved, affluent niches with high urgency. 
  • Unfair Pricing Formula – Raise your rates by aligning price with perceived transformation, not cost. 
  • The Value Flip – Shift focus from cost to outcome, removing price-based objections. 
  • Virtuous Price Cycle – Use revenue to enhance your offer, talent, and reach—creating sustainable growth. 

Structuring Value So Strong, It Sells Itself 
This section teaches you how to design your offer so that its value is obvious and irresistible: 

  • Unbeatable Value Equation – Combine delivery, outcome, and experience into one overwhelming offer. 
  • The Delivery Cube – Streamline operations to deliver more at a lower cost. 
  • Trim & Stack Hack – Eliminate excess and double down on what truly matters to clients. 

Enhancing Offers to Trigger Immediate Action 
Creating urgency and minimizing risk are key to closing deals without pressure. Hormozi explains how to do this ethically and effectively: 

  • Scarcity Stack – Use limited availability to increase desire. 
  • Everyday Urgency Blueprint – Tie your offer to real-world timing to prompt swift decisions. 
  • Unbeatable Bonuses – Add thoughtful extras that tilt the value equation in your favor. 
  • God-Mode Guarantees – Remove risk with strong, layered promises. 
  • Magic Naming Formula – Craft names that signal value and exclusivity instantly. 

In short, $100M Offers is more than a business book—it’s a mindset shift. For luxury professionals and high-ticket service providers, Hormozi offers a tested, powerful system to craft offers that command attention and close with confidence. In a market where exceptional is the standard, this book shows how to make your offer the only choice that makes sense. 

Get the book on Amazon today. To learn more about The Luxury Library, view the 21 must-read books. 

Exclusive Interview: Ivana Laković on Global Trends, Adriatic’s Luxury Ascent & the Future of Brand Strategy 

For this exclusive conversation, Alexander Chetchikov, President of the World Luxury Chamber of Commerce, interviews Ivana Laković, President of the Adriatic Luxury Business Association (ALBA) and a leading expert in luxury communication and strategy with over 20 years of experience across multiple sectors. 

As the head of ALBA, Ivana champions the Adriatic region as a rising force in the global luxury landscape, fostering collaboration among visionary leaders and premium brands. 

She is also an academic, teaching Luxury Strategy at ESSEC Executive Education, and a seasoned crisis communications expert known for her discretion and precision. Her work is driven by a deep appreciation for culture, creativity, and strategic excellence, making her a unique voice in today’s evolving luxury industry. 

This interview explores Ivana’s insights into global luxury transformation, the Adriatic region’s potential, and the trends shaping the future of high-end markets. 

Alexander Chetchikov: Ivana, from your vantage point in the Adriatic region, how have you seen the definition of luxury evolve over the past decade—and what can global markets learn from this shift? 

Ivana Laković: Over the past decade, luxury has transformed from an emblem of possession to an expression of perspective. In the Adriatic, we’ve watched this evolution unfold with striking elegance: heritage replaced hype, intimacy replaced extravagance, and authenticity became the ultimate status symbol. Today, luxury is not about what you own, but how you live, feel, and connect. Global markets can learn from this deeply human shift—a return to craftsmanship, storytelling, emotional belonging, and cultural rootedness. In a world obsessed with speed, the Adriatic whispers the rare luxury of time. 

AC: The Adriatic has a distinct cultural and natural heritage. How do local luxury brands harness this identity to compete globally, and what can international brands learn from this approach? 

IL: The Adriatic’s brands don’t merely use identity as an ornament; they live it as philosophy. From the scent of wild immortelle in our perfumes to the echo of Byzantine threads in contemporary couture, our luxury is never abstract. It’s tactile. It breathes. It remembers. International brands often underestimate the strategic value of rootedness; they chase trends, while we cherish lineage. The lesson? In an age of sameness, origin is your strongest asset. Be proud of your dialect—both linguistic and aesthetic. 

AC: What are some of the biggest untapped opportunities in the Adriatic luxury market, and how might global investors or brands play a meaningful role? 

IL: We are the next chapter of European luxury, but one that hasn’t been oversaturated. The real opportunity lies in what I call untamed sophistication—restored palaces turned into private art salons, experiential vineyards rooted in royal legacies, and wellness sanctuaries blending ancient wisdom with silent architecture. Global investors must come not as colonizers of capital but as curators of meaning. Invest with respect, innovate with empathy, and understand that in the Adriatic, luxury is a soul, not a scheme. 

AC: You work closely with luxury businesses through ALBA. What are some innovative collaborations or business models you’ve seen emerge, and what trends do they reflect globally? 

IL: Through ALBA, we’ve seen remarkable collaborations that fuse unlikely worlds—like haute couture designers teaming with ecological boatbuilders or ancestral winemakers partnering with blockchain certifiers. This reflects a larger trend: the end of silos. Today’s luxury consumer wants cross-pollination. Beauty must be intelligent, and tech must be poetic. Our region is pioneering these hybrids, where luxury is not a vertical, but a symphony of touchpoints—from craftsmanship to climate consciousness. 

AC: Experiential luxury is now a dominant trend. How do you see Adriatic destinations and brands capitalizing on this movement to attract high-net-worth travelers and investors? 

IL: We don’t just offer experiences—we script revelations. A moonlit dinner inside a Roman cistern. A private concert in a 13th-century monastery. A vineyard tour narrated by a descendant of nobility. Adriatic luxury isn’t loud, it’s layered. It rewards those who seek, who feel, who remember. And for High-Net-Worth travelers, this is the new currency: To be transformed, not just entertained. Investors should know: Our greatest export isn’t real estate or resorts—it’s memory architecture. 

AC: How do you see the profile and expectations of luxury consumers changing, both in your region and globally? What does this mean for legacy brands? 

IL: The new luxury consumer is paradoxical: radically digital, yet spiritually analog. They want AI-powered personalization—but also ancestral stories. They follow trends—but crave timeless values. For legacy brands, this is both a challenge and an invitation. To remain relevant, they must unlearn elitism and relearn intimacy. It’s not about diluting the brand—it’s about decoding relevance without betraying essence. And in the Adriatic, we’ve mastered this duality: Tradition without nostalgia, innovation without arrogance. 

AC: With your dual role in academia and industry, what are some key strategies or mindset shifts you believe luxury leaders worldwide must embrace now? 

IL: First, replace control with curiosity. The luxury world has long operated on exclusivity through gatekeeping. But today, cultural capital is co-created with communities, creatives, and clients. Second: embrace narrative over noise. Luxury is not louder marketing; it has a deeper meaning. And finally, shift from Return on Investment (ROI) to Return on Emotion (ROE). Because luxury, at its purest, is a feeling you can’t Google. My students and partners alike must understand that the future belongs to brands that feel like a whisper, not a shout. 

AC: If you could give one piece of advice to luxury brands entering or expanding in emerging regions like the Adriatic, what would it be? 

IL: Come to co-create. We love international brands; we have always loved them. But the Adriatic doesn’t need the sole imported glamour—we already have elegance written into our stone, sea, and silence. We envision a world in harmony with our authenticity. Listen before you launch. Translate, don’t transplant. And above all, remember in this part of the world, we recognize luxury not by the price tag, but by the poetry. We are the bridge between East and West, we understand both, and we curate the arts and culture we love from both. We are a truly melting pot of beauty and authenticity.  

And one last thing: Timing is everything. If you arrive early in an emerging market, you won’t just gain market share, you’ll define the market. You set the tone, the language, the standard. You become the reference. But if you arrive late, you’re not a leader, you’re just another player adjusting to someone else’s rhythm. In luxury, as in life, true leadership is a matter of intuition, timing, and courage. 

AC: Thank you for this enriching conversation, Ivana.  It has been a true privilege to explore your remarkable journey and hear your thoughtful perspective on the evolving landscape of luxury. 

Your reflections on the Adriatic region’s unique fusion of heritage, craftsmanship, and innovation reveal a market full of soulful potential and untapped opportunities. We deeply appreciate the depth of your vision—particularly your call for brands to embrace rootedness, co-creation, and emotional resonance in today’s fast-moving world. 

Want to read more exclusives? Check out our news and insights:  https://worldluxurychamber.com/insights-news/  & sign up for our newsletter here:  https://worldluxurychamber.com/wlcc-community/ 

Fort Lauderdale Emerges as a Global Hub for Luxury Real Estate 

Once synonymous with spring-break revelry, Fort Lauderdale has quietly—yet boldly—stepped into a new identity: that of a world-class luxury and financial hub. In a recent deep-dive, an eye-opening spotlight was cast on a transformation that’s redefining the U.S. luxury landscape. 

Long overshadowed by the glitz of neighboring Miami, Fort Lauderdale is now proving it no longer needs to play second fiddle. As both a vibrant city and regional anchor, it boasts a rare confluence of geographic and cultural assets: immaculate beaches, a thriving international yachting scene, state-of-the-art infrastructure, and a globally connected transport network. With more inland waterways than Venice and Port Everglades—one of the busiest cruise ports on Earth—this coastal gem has always had the raw ingredients for global relevance. 

Today, the city is experiencing an unprecedented surge in luxury real estate development and a parallel rise in financial services tailored to the ultra-wealthy. The result is one of the most unexpected and dynamic urban evolutions in the U.S.—and one that the luxury world is watching closely. 

Fort Lauderdale’s transformation has been years in the making, but recently, it has accelerated in a remarkable way. Once known for its casual beach motels and lively bars, the city’s waterfront is now home to sleek luxury condos, grand estates, and exclusive communities, with prices climbing into the tens of millions. 

At the same time, Fort Lauderdale has captured the attention of the financial elite. Wealth management firms, boutique investment houses, and private equity offices are establishing a strong presence—not only to serve the influx of affluent residents, but to take part in the city’s evolving economic narrative. Florida’s tax-friendly policies and streamlined regulations make it an appealing destination for both corporate operations and personal wealth. This powerful convergence of finance and real estate is fueling the city’s transformation. Each new luxury development and each high-end firm that relocates reinforces Fort Lauderdale’s emerging identity as a premier hub where global capital meets elevated lifestyle—an exclusive environment that few American cities can currently rival. 

This evolution is driven by several key factors shaping Fort Lauderdale’s rise as a premier destination for both investment and lifestyle: 

  • Real estate renaissance: The city now boasts ultra-luxury condominiums and custom-built estates, redefining the standard of coastal elegance. 
  • Wealth migration: A growing influx of high-net-worth individuals is reshaping Fort Lauderdale’s financial identity 
  • Strategic location: With world-class ports, international airports, and an extensive inland waterway network, the city offers unparalleled global connectivity. 
  • Tax and business incentives: Florida’s business-friendly tax structure is fueling a wave of residential and institutional relocation. 
  • Cultural maturity: A sophisticated, cosmopolitan atmosphere is drawing in a more refined, global audience. 

Fort Lauderdale’s story is no longer one of reinvention—it’s one of elevation. With its unmatched natural beauty, refined infrastructure, and rapidly growing wealth ecosystem, the city is proving to be more than just a vacation destination. It is emerging as a new capital of luxury living and financial power in America. 

In the eyes of luxury stakeholders and discerning investors alike, Fort Lauderdale is not just catching up, it’s arriving. And the world is taking note. 

Discover what’s new in the global luxury landscape   https://worldluxurychamber.com/insights-news/   

SOURCES: FORBES 

Collectors, Confidence, and Change: A Luxury Lens on the 2025 Art Market by Arts Economics 

The art market occupies a singular position in the world of luxury where culture, capital, and exclusivity intertwine. It is not merely a sector of commerce, but a mirror of global wealth, taste, and transition. As the luxury landscape evolves in response to economic shifts, generational change, and digital acceleration, the art world too is being redefined. 

This summary is based on insights and data from The Art Basel and UBS Art Market Report 2025 by Arts Economics, the leading annual publication that tracks, analyzes, and interprets the global art market. Authored by cultural economist Dr. Clare McAndrew and jointly published by Art Basel and UBS, the report serves as the definitive reference for market trends, collector behavior, regional performance, and structural shifts in the art trade. 

Drawing from extensive research across galleries, auction houses, private sales, and global wealth data, the 2025 edition presents a complex yet revealing portrait of a market in transition. While total sales contracted, activity at the lower and mid-market levels expanded. Traditional powerhouses like the U.S. and U.K. reassessed their roles, digital platforms solidified their influence, and a new generation of collectors reshaped the motivations behind acquisition. 

Global Sales and Shifting Values 

Despite economic and political instability, the global art market continues to reflect a complex interplay of contraction and resilience. 

  • Global art sales declined by 12% in 2024, reaching $57.5 billion—the second year of retraction after pandemic recovery highs. 
  • Transactions rose by 3% to 40.5 million, fueled by an active mid-to-lower-price segment. 
  • Dealer sales declined 6%, auction sales fell 25%, but private sales surged 14%, particularly at high-end auction houses. 

While value at the top wanes, the market is thriving at its base. Smaller dealers (under $250,000 turnover) posted 17% growth, benefitting from more agile pricing and the appetite for entry-level collectors. 

Regional Highlights 

A closer examination of the global art market distribution in 2024 reveals clear regional contrasts shaped by macroeconomic pressures, political uncertainty, and evolving collector behaviors. While the United States maintained its leadership, shifts in China, Europe, and parts of Asia signaled changing momentum and emerging patterns of resilience or vulnerability across key art hubs. 

  • United States: The U.S. remained the undisputed leader, accounting for 43% of global art sales, despite a 9% year-over-year decline, bringing total sales to $24.8 billion. The downturn reflects a cooling of high-end activity amid political uncertainty and anticipated tax reforms. 
  • United Kingdom: The UK regained its position as the second-largest market, with 18% of global sales totaling $10.4 billion. Despite a 5% decrease in value, its relatively better performance compared to China ensured its rise in the rankings. 
  • China (Mainland & Hong Kong): The Chinese market experienced the sharpest contraction among the top regions, with sales falling by 31% to $8.4 billion—its lowest level since 2009. Contributing factors included sluggish economic growth and a continued slump in the property sector. 
  • Continental Europe: In France sales declined by 10%, but the country maintained its position as the fourth-largest market globally.  In Germany there was a registered a more modest decline of 4%, still reflecting broader European softness. 
  • Asia: Japan was notably resilient, the Japanese market grew by 2%, standing out as one of the few to post gains in 2024.  South Korea, however, suffered a 15% decline, echoing regional economic headwinds and softer collector sentiment. 

This regional breakdown highlights a shifting landscape, with Western markets displaying cautious resilience, China facing significant headwinds, and Japan quietly gaining momentum amidst broader Asian volatility. 

Online Market & E-Commerce 

The digitization wave that surged in 2020 has normalized but remains structurally important. Online art sales fell 11% to $10.5 billion, yet remain 76% above pre-pandemic levels. On the other hand, 18% of total sales occurred online—well below the 2020 peak (25%), but double 2019 levels. Luxury buyers are now digitally literate and cross-channel fluent. Surveys of high-net-worth individuals (HNWIs) show that 52% now prefer online dealer purchases, compared to only 30% in 2023. 

The Cultural Psychology of Collecting 

A generational and philosophical shift is redefining what it means to be a collector in the luxury sphere: 

  • The Great Wealth Transfer is underway, with $84 trillion projected to pass across generations over the coming decades. 
  • Younger collectors prioritize social impact, sustainability, and digital fluency, often favoring artists and works aligned with personal values. 
  • Mainland Chinese collectors currently allocate 27% of their wealth to art—the highest globally—reflecting a deepening cultural and financial commitment. 

This new wave of collectors is motivated less by status and more by substance. They value narrative over name, and invest in artworks that speak to heritage, identity, innovation, or activism. 

Auction and Dealer Realignment 

As market conditions shift, institutions are recalibrating their strategies and structures: 

  • Christie’s and Phillips expanded their staff, signaling growth ambitions, while Sotheby’s underwent strategic downsizing. 
  • Private sales are rising in prominence, offering discretion and flexibility in an increasingly private-leaning market. 
  • 31% of dealer sales occurred through art fairs, underscoring the enduring importance of in-person events. 
  • Art fairs have returned as essential global stages for discovery, networking, and visibility, with overseas participation rising. 

The art fair remains the cultural equivalent of the runway show—a physical manifestation of taste, influence, and presence. 

Economic Outlook and Risk Factors 

The art world does not exist in isolation; it is deeply intertwined with broader macroeconomic currents. Global inflation is expected to decline to 4.2% in 2025, offering some relief to discretionary sectors such as the art market. However, ongoing trade tensions, the resurgence of tariffs, and increasing cultural protectionism—particularly in the United States and the European Union—pose significant long-term risks to the fluidity of international art transactions. Despite these challenges, UBS projects a “soft landing” for developed economies, providing a cautiously optimistic outlook for continued investment and engagement in the luxury and art sectors. 

The Art Basel & UBS Art Market Report 2025 confirms what collectors and advisors already sense: we are at a turning point. Value is no longer solely monetary. The luxury collector of tomorrow seeks context, narrative, and conscience. They are digitally adept, globally mobile, and often privately inclined. For the luxury world, art is no longer a mere acquisition—it is alignment. And in that alignment lies a deeper truth: that the rarest objects of all are those that endure not just in provenance, but in meaning. 

To read the full report by Arts Economics, visit https://theartmarket.artbasel.com/  

Stay up to date on the latest luxury industry news: https://worldluxurychamber.com/insights-news/  

Amazon Teams Up with Rebag to Offer Authenticated Pre-Owned Luxury Accessories 

What happens when heritage craftsmanship meets the speed and scale of digital innovation? In today’s rapidly evolving luxury landscape, that question lies at the heart of a new era—one defined by sustainability, shifting consumer values, and tech-powered accessibility. As the industry adapts to these changes, strategic collaborations are reshaping how luxury is experienced, acquired, and reimagined.

A compelling illustration of this transformation is the newly announced partnership between Rebag, a leading platform for authenticated pre-owned luxury accessories, and Luxury Stores at Amazon, the e-commerce titan’s high-fashion retail concept. This alliance marks a significant milestone in the convergence of prestige resale and global online retail, positioning both companies at the vanguard of a more intelligent and inclusive luxury economy. 

Founded in 2014, Rebag has emerged as a market leader in luxury resale, providing customers with access to authenticated designer handbags, fine jewelry, and high-end watches. Now, with the integration into Amazon’s Luxury Stores, Rebag is introducing a selection of over 30,000 pre-owned luxury items to a wider audience through a platform that offers convenience, speed, and trust.

This collaboration brings together two distinct but complementary strengths: Rebag’s authentication expertise and Amazon’s robust fulfillment capabilities. Together, Rebag and Luxury Stores at Amazon are offering a curated and trusted way to shop pre-owned luxury. 

What Customers Can Expect: 

  • An Exceptional Product Assortment: Over 30,000 authenticated luxury items, including Handbags, watches, and fine jewelry. 
  • Strict Authentication Standards: Every item is verified through Rebag’s inspection process, ensuring quality and condition meet luxury resale standards. 
  • Streamlined Shopping via Amazon: Free two-day shipping for Prime customers, hassle-free returns, subject to Rebag’s verification process and Consistent pricing across both Rebag’s site and Amazon Luxury Stores 
  • Clear Division of Roles: Rebag remains the seller and verifier, Amazon handles fulfillment, customer service, and digital storefront management.  

In this broader context, Rebag’s presence within Amazon Luxury Stores is not simply a product integration—it is a strategic move to elevate resale to a new echelon of visibility and trust. This alliance reaffirms the luxury industry’s growing commitment to circular fashion and intelligent consumption. 

For the luxury consumer, the implications are clear: 

  • Easier access to authenticated, high-value pre-owned goods. 
  • The confidence of shopping with two highly trusted platforms. 
  • The ability to engage with sustainable fashion without compromising on style, condition, or status. 

The partnership between Rebag and Amazon Luxury Stores marks a defining moment in the evolution of luxury resale. It reflects a forward-looking vision of high fashion—where prestige is not only measured by exclusivity, but also by transparency, technology, and purpose-driven values. 

By bridging the trust-centric ethos of luxury with the seamless power of global e-commerce, this collaboration delivers an experience that is both refined and accessible. Rebag’s strategic alignment with Amazon sets a new standard for how heritage and innovation can coexist—reshaping the luxury landscape in the process. 

As the lines between primary and secondary markets continue to blur, consumers are increasingly empowered to make luxury purchases that are elegant, sustainable, and informed. In this new era, curated resale is no longer a niche—it’s an essential part of the high-fashion ecosystem. 

Stay informed with the latest developments shaping the world of luxury: https://worldluxurychamber.com/insights-news 

SOURCES: FASHION DIVE

Inside Japan’s $30 Billion Beauty Boom: What’s Driving Luxury Cosmetics Growth? 

As Japan’s luxury beauty market gains global attention, key insights and emerging strategies are beginning to shape the future of this influential industry. Long celebrated for its precision, craftsmanship, and cultural depth, Japan’s approach to beauty is now evolving alongside a new generation of conscious consumers and refined aesthetics. 

Valued at 4.4 trillion yen (approximately $30.4 billion) and expected to grow 3.4% next year, the Japanese beauty and personal care sector stands as a benchmark of quality and innovation. But this success is rooted in more than just product performance—it stems from a deep understanding of what beauty means in a society that values subtlety, tradition, and “suginai” (not too much) elegance. 

Japan continues to shape global beauty standards, making it a vital market for any luxury brand aiming to succeed in Asia. Understanding the country’s emphasis on clean, minimal skincare is essential. Terms like mochi-mochi (soft and bouncy like a rice cake) define local expectations for skin health and appearance. These expressions are more than descriptors, they reflect a deeply rooted cultural appreciation for skincare as both art and ritual. 

Some key market highlights shaping the future of beauty in Japan are: 

  • Japanese buyers are research-driven and demand authenticity. Building brand loyalty requires strong storytelling, transparency, and visible craftsmanship. 
  • With 39% of global “free-from” product launches, Japan leads in sensitive skin solutions. Products that protect against heat, UV exposure, and allergens are increasingly sought after. 
  • Beauty routines are diversifying. Categories such as fragrance, suncare, deodorants, and color cosmetics are seeing steady growth—especially those designed for seasonal conditions. 
  • The prevailing aesthetic is “suginai”—not too much. minimalist, natural looks resonate strongly, popularized by local influencers. 

Japan’s beauty market presents a fascinating interplay between honored legacy and modern innovation. Established brands such as Shiseido, Hada Labo, and Fancl continue to command deep consumer trust, nurtured through decades of consistency and cultural resonance. Yet, a new wave of luxury brands like FAS, (launched in 2023) are beginning to make an impression. With its use of fermented black rice extract and minimalist, wabi-sabi-inspired design, FAS exemplifies how innovation can succeed when it aligns with Japan’s refined aesthetic values. For emerging brands, the challenge lies in introducing novelty while honoring tradition, an essential balance in a market defined by discretion and discernment. 

Equally vital to market entry is the experiential dimension of retail. In Japan, shopping is as much a cultural ritual as it is a commercial activity. Pop-up events and curated spaces offer a gateway to connection, not just commerce. Brands such as Euer, founded by Taka Miyake, have leveraged this strategy effectively by creating awareness through temporary boutiques in lifestyle destinations. These activations go beyond product, they deliver storytelling, community, and emotional resonance. 

The Japanese beauty and personal care market is not one to be rushed. It is a world where intentionality, cultural nuance, and long-term trust dictate success. With strong growth projections and a consumer base that prizes quality over hype, Japan remains one of the most refined—and rewarding—luxury beauty markets in the world. As international brands look east, they must do so with respect, authenticity, and patience. There is a global encouragement for deeper collaboration between global players and this iconic market. For brands willing to understand Japan on its own terms, the reward is more than market share, it is cultural resonance. 

Stay up to date on the latest luxury industry news: https://worldluxurychamber.com/insights-news/  

SOURCES: JINGDAILY , FAS  

Navigating Growth: Insights From The 2025 Cruise Industry Report By Cruise Lines International Association

The Luxury industry continues to redefine what it means to travel in style, merging innovation, exclusivity, and sustainability to meet the evolving desires of discerning consumers. Within this dynamic sector, cruising has transcended traditional travel, evolving into a sophisticated and transformative experience for the discerning traveler. With luxury cutting-edge innovations and a heightened focus on sustainability, the cruise industry is embracing an exciting new era of growth. As the sector adapts to modern expectations, it continues to provide a compelling way to explore the world in a more responsible and enriching manner. 

The 2025 State of the Cruise Industry Report by Cruise Lines International Association (CLIA)  presents a compelling look at one of the world’s most dynamic travel sectors. With 34.6 million passengers setting sail in 2024, the cruise industry is not only back on course but cruising toward a new era of growth. 

Driven by rising demand among younger travelers, enhanced onboard experiences, and cutting-edge sustainability efforts, the sector is evolving to meet the expectations of modern explorers. The report highlights strong traveler satisfaction, economic impact, and a forecast of 42 million cruisers by 2028. As the industry embraces innovation and responsibility, cruising is increasingly seen as one of the most desirable and future-ready ways to travel the world. 

In this report summary, the World Luxury Chamber of Commerce highlights key insights into the Cruise Industry from 2025.  

Industry Overview and Current Landscape 

The global cruise industry has demonstrated exceptional resilience and consistent growth over recent decades. In 2024, a total of 34.6 million people chose ocean cruising as their preferred form of travel. This marks a 9.3% increase from 2023 and a clear signal of the industry’s recovery and upward momentum. North America remained the largest source market, followed by Europe and Asia/Oceania. 

Despite these impressive figures, cruising still represents just 2.7% of the overall international travel and tourism sector. This highlights a significant opportunity for further growth and market expansion. The Caribbean, Bahamas, and Bermuda remained the top destination choices, attracting nearly half of all cruise passengers. The Mediterranean followed as a strong secondary destination. Seasonally, the third quarter—typically encompassing the summer months—continues to be the busiest period for cruise travel. 

Looking at the industry’s long-term performance, passenger volume has increased from 1.9 million in 1985 to more than 34 million in 2024, reflecting its ability to grow even in the face of economic uncertainty. 

Cruise Travelers: Who They Are and What They Want 

Cruise travel in 2024 was marked by increasing diversity in both demographics and travel preferences. Trends show a rising interest from younger travelers, more frequent and longer voyages, and a growing emphasis on personalized and family-oriented experiences. 

  • Younger demographics rising: Average passenger age is 46. 
  • Over one-third are under 40, signaling growing interest from Gen X, Millennials, and Gen Z. 
  • Cruise intent is higher among younger generations than before the pandemic. 
  • There is an increased travel frequency: Nearly 50% plan longer cruises than they did previously, and more passengers are booking trips over a year in advance. 
  • Solo travel growth: 12% of cruisers traveled alone in 2024—double the rate from 2023. 
  • Multi-generational travel remains strong: 28% cruised with family spanning 3 to 5 generations. 
  • Baby Boomers are a key segment prioritizing shared travel experiences with spouses, grandchildren, and extended family. 

Industry Growth and Outlook 

The global cruise industry has a strong upward trajectory, with continued growth anticipated in the coming years. Much of this momentum is being driven by the introduction of new, high-capacity ships designed to deliver richer experiences in shorter durations. As of 2025, the global fleet has expanded to include over 310 ocean-going vessels, offering more than 650,000 lower berths worldwide. Interestingly, the majority of these ships fall within the small to mid-size category—a trend that is expected to persist well into the next decade, reflecting evolving passenger preferences for more intimate and destination-focused cruising. 

Luxury and expedition cruising represent particularly dynamic areas of growth. Since 2010, the number of luxury cruise ships has more than tripled. By 2028, it is projected that approximately 1.5 million travelers will opt for a luxury cruise experience. This surge is fueled not only by increasing consumer demand but also by the support of travel advisors, who are reporting significant rises in bookings for premium and luxury segments. 

Cruise travel continues to outperform other vacation types in customer satisfaction, frequently receiving higher ratings than land-based tours or hotel packages. Travel professionals play a pivotal role in this success. Nearly 80% of cruise passengers say their decision to book a cruise was influenced by a travel advisor, whose guidance helps match them with the most suitable ships, itineraries, and onboard experiences. 

Sustainability and Innovation 

As the cruise industry looks to the future, sustainability has become a core focus. Cruise lines are investing in innovative technologies, alternative fuels, and cleaner infrastructure to reduce their environmental footprint and move toward net-zero carbon operations: 

  • Major investments in green technology are being made, including advanced propulsion systems, energy-efficient engine designs, and digital tools that optimize routes and reduce fuel consumption. 
  • Onshore Power Supply (OPS) is a key innovation, allowing ships to plug into local electric grids while docked, reducing port emissions by up to 98%, depending on the local energy source. 
  • More than 30 ports worldwide are currently equipped with OPS, with many additional ports in the planning or development stages. 
  • Alternative fuel exploration is underway, including the use of green methanol, bioLNG, hydrogen, solar energy, wind power, and battery storage. Future ship designs are being built to support fuel efficiency. 
  • Collaboration with governments is seen as essential to scale access to alternative fuels and meet long-term decarbonization goals. 
  • The cruise industry has collectively committed to achieving net-zero carbon cruising by 2050, with current actions focused on innovation, infrastructure development, and close coordination with ports and local communities. 

Economic Contribution and Community Impact 

Cruise travel delivers substantial economic value worldwide, driving job creation, regional growth, and local business support through the following impacts: 

  • The global cruise industry generated a record-breaking $168.6 billion in total economic impact in 2023. 
  • It supported approximately 1.6 million jobs worldwide and contributed nearly $57 billion in wages to the global economy. 
  • In the United States, the cruise industry produced an economic impact of $65.4 billion, while Europe recorded €55.3 billion. 
  • Other regions, including Canada, Australia, New Zealand, and Brazil, also experienced substantial economic gains from cruise activity. 
  • Together, North America and Europe accounted for over 75% of the cruise industry’s total global economic output. 
  • Cruise passengers significantly contribute to local economies beyond their time on board, with 60% choosing to stay in the port city prior to embarkation. 
  • Additionally, 54% of travelers extend their stay after disembarking, further supporting local businesses. 
  • Most of these pre- and post-cruise visitors book hotel accommodation, helping to sustain jobs in the hospitality, food service, and transportation sectors. 

The growing cruise industry doesn’t just bring passengers—it brings meaningful contributions to the cities and communities it touches on. Through responsible tourism partnerships, environmental leadership, and economic opportunity, cruising continues to show its value not just as a vacation option, but as a dynamic and evolving part of global travel. 

To read the full report by CLIA, visit: https://cruising.org/resources/state-cruise-industry-report-2025  

Stay up to date on the latest luxury industry news: https://worldluxurychamber.com/insights-news/      

Louis Vuitton Lands At Schiphol Airport  

The global luxury sector continues to expand its footprint in key international hubs, reinforcing its influence across travel and retail landscapes. In line with this momentum, Louis Vuitton has officially arrived at Amsterdam Airport Schiphol, marking a defining moment in the airport’s evolution into a world-class destination for luxury retail. The French maison opened its elegantly appointed boutique in Lounge 2 on 27 May, bringing signature style, craftsmanship, and innovation to the heart of international travel.  

Spanning over 200 square metres, the new store embodies Louis Vuitton’s modern aesthetic, offering travellers a curated selection of the house’s most iconic creations—from leather goods and travel accessories to fragrance and footwear. Artworks by Florencia Vual and Dutch artist Hadassa Emmerich lend the space a cultural dimension, transforming the boutique into an immersive experience.  

Schiphol’s Chief Commercial Officer, Arthur Reijnhart, described the opening as a “major milestone,” adding: “The opening of the stunningly designed Louis Vuitton store is the first in a series of new store openings in Lounge 2 that our travellers will see in the coming period. We are extremely pleased that the intensive collaboration with Louis Vuitton has led to this unique result.”  

To celebrate the launch, the boutique introduces an exclusive personalization service, offering bespoke stamp designs on leather items such as passport holders—a refined nod to the modern globetrotter’s journey.  

With this debut, Louis Vuitton and Schiphol Airport reaffirm their shared commitment to luxury and innovation, elevating the retail experience far beyond the ordinary.  

Stay up to date on the latest luxury industry news: https://worldluxurychamber.com/

SOURCES: The Moodie Davitt Report, News Schiphol, LinkedIn

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