Changing consumer behaviours, a drive towards sustainability and demands for ethical commerce are transforming the luxury goods sector. Not only are companies focusing on new generations of consumers, but they are also seeing growth in emerging markets. Mazars can help your business thrive in this changing world with tailored solutions ranging from audit and assurance to outsourcing, risk management and sustainability.
A sector formerly known for exclusivity and timeless appeal is opening its doors to a new wave of technology. As luxury gets smarter, what can customers expect from brands that define the market? Isabelle Massa, Partner, Mazars, explains.
The luxury sector has always prided itself on offering consumers a chance to own pieces that are timeless and whose value and appeal will endure. But that doesn’t mean the way it produces and sells them should stay constant too. The luxury sector is at a crossroads and brands that carry on doing what they have always done risk falling behind. Our report, 'Conscious, collaborative, connected' explains...
Luxury fashion brands have made the headlines in recent weeks as they pivot to manufacture face masks and hand sanitizer in the fight against Covid-19, but what is going on behind their closed doors – and how is the pandemic affecting the sector at large?
Brands are expected to adopt new practices and integrate ethics into their business models.
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