Expert outlook on the future of luxury from top executives gathered in Milan

During the 2013 edition of Milano Fashion Global Summit organized in Milan by Classe Editori, several top executives of major luxury companies have expressed their outlook on the future of luxury. Founder Jacques-Antoine Granjon: ‘E-commerce is dead – the future is integration between online and offline’

Tod’s Group Chairman & CEO Diego della Valle:  ’The Italian touch – nature, food, hospitality and luxury, a more traditional look and a high integration is the card to play in the future development of the country. Tourism includes many of these elements and that is what makes Italy recognizable abroad’

Bulgari Hotel Milan, General Manager Attilio Marro:  ’We must not forget that luxury is a very specific business. In our case, we have relied on two strategic partners: Antonio Citterio, the designer of our hotels who maintains the liaison between craftsmanship and luxury, and Ritz Carlton which is a strategic player for the management of hotels.’

Bank of America – Merrill Lynch, Chairman of Global Consumer & Retai Investment Banking Federico Aliboni:  ’To evaluate the potential of a luxury company there are 5 important factors: heritage, control of distribution, price positioning, opportunities for growth to maintain margins and the strength of management’

illy Chairman & CEO Andrea Illy: ‘ Even this year luxury has continued to grow despite the headwinds, reaching turnover of EUR 217 billion (+6%) of which 25% were generated from the sales of products of excellence”

Champagne Louis Roederer General Manager Frédéric Rouzaud: ‘Champagne has been and remains an icon of luxury in the world. Over 60% of the champagne sold today is produced by no more than a dozen brands who started their export strategies many years ago’

Studio Pierre Cardin Artistic Director Rodrigo Basilicati: ‘We are showing in Paris on November 27 at 5, Rue Royale the first Maxim’s Couture collection made up of pieces for men and women’

Tod’s Milan ‘Sartorial Touch’