ON News

Europe
June 21, 2017

Carla Fendi dies

Fashion
June 20, 2017

Marine Serre Wins LVMH Prize

Technology
June 11, 2017

From June 16 you can read ON EXPERIENCES Luxonomy

eLuxury
May 25, 2017

BENTLEY ON DEMAND: A NEW CONCIERGE-STYLE LUXURY EXPERIENCE

Economy
May 1, 2017

CVC Capital Partners has bought Breitling

eCommerce
April 27, 2017

LVMH launches Clos19

Economy
April 26, 2017

Gucci owner’s shares jump 9% after smashing forecasts

Economy
April 25, 2017

Bernard Arnault moved to consolidate control over Christian Dior

Videos
April 25, 2017

Pharrell Williams becomes first man to star in Chanel bag campaign

Economy
April 11, 2017

LVMH shares hit record high after Q1 sales beat

eCommerce
April 9, 2017

NEXT ERA: Valentino and Yoox Net-A-Porter join forces

Style
April 4, 2017

Spanish luxury brand Loewe debuts home collection

Events
April 4, 2017

42nd Middle East Watch and Jewellery Show

Economy
April 1, 2017

Piaget Gets New CEO

Tourism
March 31, 2017

Cuba is getting its first Luxury Hotel

Interviews
March 31, 2017

Nicol’s. History and heritage since 1917

Tourism
March 30, 2017

Renfe tourist trains will start the season in April

eCommerce
March 29, 2017

Amazon confirms acquisition of Souq

eLuxury
March 28, 2017

WeChat can help Cartier to conquer China

eCommerce
March 27, 2017

Emaar Malls confirms $800m bid for Souq.com

Events
March 26, 2017

Baselworld 2017 Highlights

Style
March 26, 2017

Chanel introduces in Baselworld his first “Monsieur”

Economy
March 26, 2017

When love ends: De Beers and LVMH

eCommerce
March 24, 2017

Amazon to acquire Souq, a Middle East clone

Technology
March 23, 2017

Montblanc launches its first smartwatch

Economy
March 22, 2017

Hermes reports record annual profits

Tourism
March 21, 2017

Flying Luxury Cruises are born

Economy
March 20, 2017

LVMH to acquire majority share in Maison Francis Kurkdjian

Interviews
March 15, 2017

Madrid, Luxury Real Estate sector with the expert Paloma Pérez Bravo

eCommerce
March 10, 2017

LVMH is launching in May an ecommerce site that would bring together all of its brands

The third edition of Arab Luxury World was held successfully

The third edition of Arab Luxury World was held successfully, rich with valuable insights and learnings for those in attendance. Organised by Mediaquest, the two-day conference took place at The Westin Dubai Mina Seyahi. More than 30 panel discussions, presentations and private
sessions provided an in-depth exploration of the latest ideas and trends in the luxury industry.

In the keynote address, the Co-CEO of Chalhoub Group, Patrick Chalhoub, spoke about the new challenges and realities of the GCC region’s luxury industry. The theme of the first day’s agenda was ‘The New Normal’, which considered how the drop in tourist revenues in the GCC region has further pushed the need for regional expansion for many brands and retailers. Key agenda highlights included ‘GCC Outlook’, an analysis of oil prices, government budgets and subsequent effects on the luxury market; ‘Digital Strategy’, an analysis of the digital transformation and its impact on the premium goods and services industry; ‘Luxury Brands and Programmatic: Redefining the Model’, which evaluated how pragmatic advertising has transformed the online ad-buying model; and ‘Fashion Trends’, which reflected upon emerging fashion and designer trends.

A number of choice industry-leading speakers at the event included Deloitte Senior Tax Partner, Justin Whitehouse; HP inc.’s Global Head for Alliances, Partnerships and Customer Marketing, Jean Pierre Le Calvez; and Chief Executive Officer Dubai Design and Fashion Council, Nez Gebreel. Event highlights widely anticipated on the event’s forthcoming second day include ‘From Product to Emotion’, discussing how brands can reconnect with Arab consumers; and ‘Influencers’, analyzing campaigns from the region and abroad that featured influencers.

Arab Luxury World saw 700 regional and global professionals from the premium goods and services sector congregate in Dubai to discuss problems and offer solutions to all of the industry’s stakeholders. It brings together luxury brands, agents, distributors, mall operators and service providers to the luxury industry all under one roof, where they discuss the challenges and opportunities facing the industry. Delegates seek to understand consumers’ insights through unique research, to make sense of major disruptions in the business of luxury and to find ways to achieve growth.

Co-CEO of Mediaquest, Julien Hawari, commented: “The 2016 Arab Luxury World conference has brought together the top luxury business minds from both across the region and globally, to discuss the challenges, opportunities and potential of the premium and ultra-premium goods and services markets. For this year’s conference, the overarching theme was ‘The New Normal’.”

‘The New Normal’ theme was of great value to attendees, with expansive discussions about how the resetting of regional business, along with the rationalisation of costs in some cities with the development in new markets, requires a new retail strategy and marketing approach in the region. Another key highlight which was of particular interest was the GCC outlook, a regional analysis taking into account the current downturn in oil prices, government budgets and the overall effect on the luxury market.

This is extremely topical and links into a current industry-wide trend of companies working hard to create new job opportunities in this challenging environment.

Similar posts

Uso de cookies

Este sitio web utiliza cookies para que usted tenga la mejor experiencia de usuario. Si continúa navegando está dando su consentimiento para la aceptación de las mencionadas cookies y la aceptación de nuestra política de cookies, pinche el enlace para mayor información. ACEPTAR

Aviso de cookies

Send this to a friend