Luxury

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

News 29.08.2019

Need to Know

Ikea wants to serve Sweden’s ageing population, KitKat is spearheading more sustainable packaging, and the evolution of Australia’s male grooming market.

Musée forefronts the stories behind its resale accessories

Musée, Beijing
Musée, Beijing
Musée, Beijing
Musée, Beijing

Beijing – The new accessory consignment store employs a cohort of professional consultants to educate customers on the individual items for sale.

Designed by Studio8, the Musée flagship is an open platform for luxury accessories in Beijing. The store assistants are focused on enriching customers’ in-store experience by offering them in-depth insight into the items on sale.

‘Every accessory that people possess is an abstract object that serves a certain function or purpose,’ says Studio8’s principal designer Shirley Dong. ‘This changes when people place more importance and value on the object, whether through the brand, colour, material, or handcrafting process. Luxury goods then become time travellers, with an ever-increasing value and preciousness.’ The studio has adopted a ’soft boundary’ approach to its design in order to better facilitate unstructured way-finding and encourage item discovery.

The resale market is booming. With consumers looking for more ethical, sustainable, and circular ways to obtain luxury good it is currently growing 24 times faster than traditional retail. In response to this shift in mindset we are now seeing a host of new brands creating innovative resale platforms.

Ikea designs homes with the elderly in mind

SilviaBo, Ikea, Sweden SilviaBo, Ikea, Sweden
SilviaBo, Ikea, Sweden SilviaBo, Ikea, Sweden

Sweden – The Swedish retailer has partnered with the construction company Skansa and the Queen of Sweden’s Silviahemmet foundation to offer housing that is adapted to the needs of elderly people with disabilities and dementia.

Part of Ikea’s BoKlok project, which promises low cost sustainable homes for everyone, the SilviaBO homes provide dementia-friendly layouts and design features. These include ramp entrances and colour-coded way finding, as well as secure gardens and clubhouses to encourage socialising between residents. The design-led homes have been developed to offer an aesthetic that is not defined by their functionality.

According to BoKlok’s website a fifth of the Swedish population is now over 65, a figure that will increase to around a quarter by 2050. ‘To take care of elderly people, that cost is exploding,’ Jonas Spangenberg, BoKlok’s CEO told CNN Business. ‘It’s much cheaper for society and the public to give them service back home.’ For more on how brands can empower ageing populations through design, read our opinion piece from Future Facility’s Kim Colin.

KitKat gets creative with sustainable origami packaging

Japan – In Japan, KitKat Mini’s plastic packaging has been swapped for recyclable origami paper.

The move comes as Nestlé aims to reduce its plastic waste by an estimated 380 tonnes per year. The initiative is part of the brand’s commitment to making all of its packaging 100% recyclable or reusable by 2025. Nestlé encourages consumers to get creative, and use the packaging to make origami paper cranes that contain well wishes for friends and family.

Ubiquitous within Japanese culture, the origami cranes are therefore both a culturally significant gift and a way for the brand to help its customers become more sustainable. ‘Plastic waste is one of the biggest sustainability issues the world is facing today. Tackling it requires a collective approach. We are committed to finding improved solutions to reduce, reuse and recycle,’ says Mark Schneider, Nestlé’s CEO.

As consumer concern around the environmental impact of plastic packaging grows it is inspiring new packaging concepts and driving growth within Re-usable Packaging Market.

Nestlé Japan’s KitKat packaging

Stat: Australia’s men are diversifying their beauty routines

A new report by Nielsen has found that Australian men are taking more care over their appearance than ever before. Some 69% of the country’s men now use at least one male grooming product, such as beard oil or facial cleanser. Men aged 25 to 54 are increasingly subscribing to new product categories like facial cleansers and moisturisers, while the use of traditional bathroom products like hair care, deodorants and aftershave are decreasing. Usage of deodorant and aftershave, for example, has fallen by 5% and 8%, respectively. To better understand the global nuances around men’s beauty, read our dedicated Market.

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
You have 2 free News articles remaining. Sign up to LS:N Global to get unlimited access to all articles.
BECOME A MEMBER
SIGN IN

What do we use cookies for?

We use cookies to enable the use of our platform’s paid features and to analyse our traffic. No personal data, including your IP address, is stored and we do not sell data to third parties.

Learn more