LONDON — Digital Luxury Group, a marketing and research company based in Geneva, has purchased Luxury Society, the Paris-based online community of luxury professionals in sectors ranging from automobiles and beauty to fashion, art and hotels.
David Sadigh, founder and chief executive officer of Digital Luxury Group, said Luxury Society’s news and community-based intelligence was a fitting match for his company’s research methodologies and strategic marketing services.
Digital Luxury Group counts 30,000 members from 150 countries.
Luxury Society was co-founded in 2008 by Pierre-Yves Poulain, who is also its president. Its members include managers, journalists, consultants, designers and analysts.
Sadigh noted the acquisition would mark Digital Luxury Group’s first presence in Paris, “giving us the opportunity to be closer to important existing clients such as LVMH and the Richemont Group.”
Although the value of the transaction was not disclosed, Digital Luxury Group said the deal was financed with cash and shares, and that the company would “seriously consider other strategic acquisitions in the future.”
Digital Luxury Group provides data and research to companies, and publishes market reports such as the World Luxury Index and the World Watch Report. Its clients include Baume & Mercier, Fendi, Four Seasons, TAG Heuer and Vacheron Constantin.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)