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About this project The world's largest luxury group is now looking for customization & personalization solutions to work with. Stage Not specified SectorCustomer experienceRetailTechSmart RetailCustomized Packaging EcosystemGlobal
Project benefits * Meet the industry stakeholders and get unique exposure within the innovation community in the world's largest luxury group to identify business opportunities. * Work directly with the world's largest luxury group to foster your business collaborations within the Group. * Chance to join the VivaTech Innovation Award.
Detailed description
Image created by Market Business News.
Created in 1987, the world's largest luxury group today comprises more than 75 exceptional Maisons, each of which creates high-quality products. It is the only group present in all five major sectors of the luxury market:
Wines & Spirits,
Fashion & Leather Goods,
Perfumes & Cosmetics,
Watches & Jewelry, and
Selective Retailing.
The group currently employs over 150,000 people across the world and reported sales of 64.2 billion euros in 2021. The group is now looking for customization and personalization solutions focusing on the following :
🌟Solution Focus #1 - Customized packaging
Solutions should be applicable at online purchase, in-store, pop-up stores ,or events and specifically tailored to luxury consumers' preferences.
🌟Solution Focus #2 - Digital Messages
Solutions should be innovative forms of delivering messages in gifting.
🌟Solution Focus #3 - Size Measurement
Solutions should be able to measure online consumers' body sizes with high precision.
📋📋📋Requirements
- We welcome startups from any stage
- Have solutions not only for retail but also highly relevant to the luxury industry.
- Have the potential to operate in the Chinese market.
- Can easily expand into different channels, application scenarios or geographical regions with minimum effort for adapting.
🏆🏆🏆 What does it mean if you got shortlisted?
If you get shortlisted, that means your application is accepted to be internally reviewed by the world's largest luxury group and its partners.
If you want to know more information and apply, click here
Some information about Luxury Goods Market:
The global luxury goods market has increased by 6% per year since the mid-1990s, and the industry is now worth an estimated $308 billion annually (estimated 2019). However, experts warn that the current recession will have a huge impact on the industry, especially in the Americas and Europe.
According to Forbes, Chinese consumers accounted for 90% of the growth in the personal luxury goods market in 2019, a market which includes accessories, beauty products, apparel and more. The Chinese market generated $21 billion in sales, or 35% of global luxury spending in 2019.
(Source: https://marketbusinessnews.com/global-luxury-goods-market/238457/)
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