Luxury

An exploration of the luxury market through trends, insights and expert opinions.

News 05.12.2018

Need to Know

Tesco reduces the environmental impact of its food, a quarter of ads now feature ethnic minorities and a missed opportunity for fashion.

Highsnobiety uncovers the sneakerheads of South Africa

Meet the Bubble Heads of Cape Town documentary by HighSnobiety

Cape Town – A new documentary by the online and print publication investigates Cape Town’s overlooked streetwear scene and bubble culture.

Just Dala – Meet the Bubbleheads of Cape Town is one of the first detailed looks at the city’s streetwear scene. Through the documentary, released this week at Sole DXB, Highsnobiety aims to discover how a group of people who are hustling sneakers across the Atlantic and into South African slums have spawned an important sneakerhead community that global brands need to be aware of.

Featuring interviews with subculture groups and online communities such as Unwanted Kicks and Bubble Koppe, the film explores how the region’s sneaker culture differs from its Western and Eastern counterparts. In South Africa, for example, some of the country’s poorest residents are dedicated sneakerheads, and pour a significant amount of their money into dressing ‘like the fucking elite’.

To discover more about the consumer behaviour and subcultures of South Africa’s young people, read our Emerging Youth Market.

The fashion label exploring ethical eveningwear

Mother of Pearl, UK Mother of Pearl, UK
Mother of Pearl, UK Mother of Pearl, UK

London – Womenswear label Mother of Pearl is on a mission to remedy one of the most wasteful clothing categories – eveningwear.

Amy Powney, the brand’s creative director, has been working to turn Mother of Pearl into a fully ethical label. This summer, the brand launched its first sustainable collections: the No Frills line of casual wear and a range of wedding dresses. Now, it has turned its attention to eveningwear – a category that shoppers often buy for only one occasion, meaning it can be wasteful and costly.

The collection uses cruelty-free materials such as mulesing-free wool, organic cotton, peace silk and bamboo lining. In addition, the viscose used in the dresses promotes sustainable forestry, with a new tree planted every time an old tree is cut down. ‘It’s definitely harder to source sustainable fabrics for eveningwear. Organic cotton and denim are fairly developed industries, but the more luxurious, fancy end of fashion hasn’t evolved at all,’ Powney tells Vogue.

The fashion industry is increasingly receptive to sustainable material innovation. Explore our dedicated Listicle to discover the companies using algae, fungi and waste crops to fabricate new materials.

Tesco wants to make sustainable food affordable

UK – A new partnership between UK supermarket group Tesco and conservation organisation WWF will make it easier for consumers to buy affordable, sustainable food.

Responding to growing awareness of food production’s role in issues such as climate change, Tesco and WWF are aiming to reduce the environmental impact of the average UK shopping basket by as much as 50%, while ensuring food remains affordable. The partnership, which will run for four years, is focused on three areas: helping consumers to eat more sustainably, restoring nature in food production, and reducing food and packaging waste.

According to research carried out on behalf of Tesco and WWF, almost 80% of shoppers want supermarkets to offer more food that is sourced in a responsible, sustainable way. This demand for more positive action from brands, which have a major role to play in changing what we eat and where it comes from, is something we explore in our new macrotrend Uprooted Diets.

Editorial for BUG lookbook 2018 by Victoria Spicer. Photography by Agnes Lloyd-Platt

TechCrunch Disrupt 2018: WorkChain.io streams wages in real time

WorkChain.io

Berlin – WorkChain.io is a new payroll system created on the blockchain that gives employees access to their earnings as they work.

Using the WorkChain.io Wallet app, workers can connect to their employers’ HR system, with the platform setting up new payroll smart contracts between staff and employers. Wages are either ‘streamed’ directly from the employer in real time or advanced by WorkChain.io and recuperated when the payroll is processed.

To avoid the price volatility associated with cryptocurrencies like BitCoin, users’ money is held as the stable coin TrueUSD, which has a value linked directly to that of the American dollar. At present, TrueUSD cannot be withdrawn directly, so WorkChain.io has joined forces with cryptocurrency debit card Wirex to enable users to easily spend their earnings. WorkChain.io has tested the system based on shift work, but plans to expand in the near future to incorporate salaried and part-time personnel.

‘By streaming earnings in real time we’re giving anyone who gets a pay cheque more financial control,’ says Ryan Fyfe, the start-up’s CEO. ‘Instead of having to delay bills, rent and life for payday, now earnings are available immediately for more flexibility.’ By rethinking the payroll system to offer incremental payments, WorkChain.io has a double benefit of encouraging people to spend in a more responsible and measured manner.

Stat: Advertising still has a diversity problem

British advertising is more diverse than ever, but still has a way to go, according to a new study from Lloyds Banking Group. The study, which audited more than 2,000 adverts from 2017, found that 25% featured people from BAME backgrounds.

Although Lloyds congratulated advertisers on making significant strides in reflecting modern Britain, the survey found that only 7% of lead roles were played by a non-white actor. Furthermore, three in five ads still feature an all-white or majority-white cast, suggesting that many brands and advertisers still have improvements to make to ensure BAME people are cast as the main protagonists and not limited to supporting roles.

For more on why brands must be wary of the dangers of tokenistic inclusivity, read our Opinion piece.

Thought-starter: Could fashion help men express their emotions?

With retail brands allowing women to literally wear their emotions on their sleeve, foresight writer Holly Friend asks why they aren’t doing the same for men.

Are you having a good day or a bad one? It’s a question that Monki is asking in its latest campaign, All The Feels. The fashion brand wants women to share their mood through their clothing, and offers a range of pessimistic and optimistic slogan patches, which can be added or removed with Velcro, allowing the wearer to update her feelings throughout the day.

Using fashion to boldly declare emotions is undeniably a marker of progress, but unfortunately it’s overlooking the demographic who find it the most difficult to talk about their feelings – men.

Yes, brands are experimenting with ways to express modern male emotions, but no commercial fashion label has used the medium of clothing to address this topic. Could a simple printed slogan t-shirt have the ability to champion male vulnerability?

Read the full opinion piece here.

All The Feels by Monki
Guochao Wellness

Markets

Guochao Wellness

The Chinese luxury wellness sector has shifted gears by embracing the ‘national trend’ of Guochao, offering authentic cultural experiences and C-be...
China : Guochao : Luxury
Emerging Youth: Saudi Arabia

Markets

Emerging Youth: Saudi Arabia

In Saudi Arabia, digitally savvy Gen Z, fuelled by a profound cultural pride and a thirst for global experiences, are redefining retail, luxury, ho...
Saudi Arabia : Gen Z : Middle East
Practical Paths to Planet-Positive Luxury

Viewpoints

Practical Paths to Planet-Positive Luxury

Diana Verde Nieto tells LS:N Global about Reimagining Luxury, her latest book on how to build a positive and sustainable future for brands.
Luxury : Advertising & Branding : Sustainability
Five Luxury Leisure Pop-Ups

Big Ideas

Five Luxury Leisure Pop-Ups

As the personal luxury goods market rebounds and consumers continue to seek out experiences across travel, leisure and dining, luxury brands are di...
Luxury : Travel & Hospitality : Retail
Luxury’s Food Strategies

Big Ideas

Luxury’s Food Strategies

From high fashion embracing high flavours to pantry staples becoming status symbols, brands are getting creative about turning eating into a luxury...
Luxury : Food & Drink : Retail
Luxury States: New Codes of Luxury 2024–2025

Macro Trends

Luxury States: New Codes of Luxury 2024–2025

An essential tool, the Five Luxury States define people’s emotional and psychological journeys through the luxury sector, giving rise to a new set ...
Luxury : Travel & Hospitality : Fashion
NRF 2024 Retail’s Big Show: Community, Luxury and Loyalty

Big Ideas

NRF 2024 Retail’s Big Show: Community, Luxury and Loyalty

At the biggest retail conference in the US, all eyes were on experiential retail, the evolution of the luxury consumer and the critical role of loy...
Retail : Events : Luxury
Destination Debrief: Hainan

Big Ideas

Destination Debrief: Hainan

China’s Hawaii has turned its tropical forests and pristine beaches into a destination for both local and global luxury consumers seeking an authen...
China : Hainan Island : Hainan
Saudi Arabia: Luxury Beauty & Wellness

Markets

Saudi Arabia: Luxury Beauty & Wellness

Our latest report explores Saudi Arabia’s commitment to fostering a health renaissance, with high-end retreats and holistic beauty brands all on th...
Wellness : Beauty : Health
Brand Innovation Debrief: Loewe

Big Ideas

Brand Innovation Debrief: Loewe

Spearheaded by fashion mastermind Jonathan Anderson, the Spanish luxury house is reaching new heights and mainstream appeal, without compromising o...
Fashion : Luxury : Pop Culture & Media
Podcast: Carlota Rodben on the Future of Luxury and Emotion

Podcasts

Podcast: Carlota Rodben on the Future of Luxury and Emotion

In a new episode of his Back to the F**kture podcast, The Future Laboratory co-founder Martin Raymond is joined by Beyond Luxury: The Promise of Em...
Podcast : Back To The F**kture : Luxury
Future Forecast 2024: Luxury

Micro Trends

Future Forecast 2024: Luxury

The luxury sector has shown remarkable resilience amid economic challenges, and maintained its social and economic prestige, demonstrating impressi...
Luxury : Economy : Legacy
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