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The ME Institute designs custom-tailored Master Classes for its students hosted by its Maisons.

MÉTIER MASTER CLASSES

Métier Master Classes give students a chance to learn about, try and understand specific skills with experts from LVMH Maisons.

For example, students in the Fashion & Creative Industries Design Master program were invited to a Master Class at Chaumet in Paris. During the session they had a chance to visit the recently renovated mythic store on Place Vendôme, marvel at the Grands Salons and speak with Chaumet's Architecture Director.

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The ME Institute designs custom-tailored Master Classes for its students hosted by its Maisons.

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Business Relationship Management; Event management; Knows about luxury; Fostering strong customer relations; Organising marketing campaigns: Proficient in using software like Microsoft Office; Strategic thinker; Teamworker: Proficient in English

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According to the Belbin group, I would see myself as a team player and co-ordinator. Co-ordinators are Mature, confident and democratic with a focus on the overall objectives of the team, Co-ordinators often find themselves in management positions taking on the traditional team leader role. Skilled at recognising and nurturing the talent and potential of team members, coordinators handle the delegation of work where necessary and encourage people to contribute to the team effort.

They can sometimes have a tendency to delegate too much of their workload, which may lead to issues with other team members in the Belbin team role system. Team players are Extroverted, flexible and perceptive, the Team Workers are the diplomats of the team. They play the key role of ensuring cohesion in the team and making sure everyone is functioning well as a unit. Their flexibility means they're able to communicate well with the different members of a team, and they may often volunteer to assist a teammate with their work if they see they're struggling.

While their commitment to team unity over all else is vital to an effective unit, their avoidance of confrontation and desire to remain neutral in discussions means they may be indecisive in high-pressure situations and reluctant to make any decision that could prove unpopular.

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Minimum experience of years; Proficient in Photoshop, Microsoft Office and Illustrator; Capable of building Campaigns; Strong communication skills: Efficient organization skills

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Possesses in-depth knowledge of the luxury market

Conducts meticulous market research and thoroughly analyzes consumer trends

Excels in cultivating meaningful connections striving for authentic partnerships with clients

Demonstrates proficiency in event management, breathing life into ideas and orchestrating seamless execution

Proficient in a diverse array of software applications, including Adobe, Microsoft, and Photoshop.

Exhibits a strategic mindset to organize diverse marketing campaigns with unique themes throughout the year, ensuring a dynamic and engaging brand presence.

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. Skilled in utilizing a range of software applications, including Microsoft Word, Microsoft PowerPoint and Microsoft Outlook to efficiently and creatively meet diverse tasks and project requirements.

. Should know basics about administration and management

. Should establish a connection with the audience, convey a unique selling proposition, and ultimately achieve marketing objectives.

. Should be able to build and manage brand identity, establish effective communication channels, and leverage various channels such as digital marketing, content marketing, and traditional advertising.

. Create schedules, maintain to-do lists, and use tools like calendars or project management systems to stay on top of deadlines.

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Minimum 5 years of Marketing Experience; Collating and briefing skills; Well versed with social media and marketing; Copywriting skills; Proficient in English; PCP; Leadership Skills; Search Engine Optimization; Proficient in Microsoft Office; Illustrator and Photoshop

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. Should have a strategic approach to promoting products, services, or brands on various social media platforms.

. Involves creating and sharing content tailored to the specific audience on each platform, to engage users, build brand awareness, and drive desired actions.

. Develop and implement a comprehensive social media strategy aligned with overall marketing goals.

. Foster and nurture an active and engaged community

. Staying up to date with the latest marketing trends and ad releases.

. Collaborate with cross-functional teams.

. Seek opportunities for innovation and improvement in social media practices and tools.

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Postgraduate online and on-campus events - Luxury Hospitality Courses

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Marketing For Luxury | Fashion Courses | Istituto Marangoni

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The short course in Marketing for Luxury aims to teach key marketing and communication strategies for international consumers in the luxury fashion and design industries. Read more!

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Every year, January brings a long list of must-reads that perhaps shine brighter than the new year's resolutions: luxury trends for the year ahead.

Many of us are hoping to gain some insights into the future of luxury in a rapidly changing world. And if the global search trends are anything to go by, it is clear that many of us are thinking more deeply about what we truly value in our lives, including the brands we shop from.

Luxury is constantly evolving-in geographies and in generations. Younger and younger luxury consumers continue to rewrite the industry rulebook. New worlds of luxury are on the map. The very definition of luxury is increasingly nuanced. And the reliance on technology is deepening in view of the Web3 era.

Luxury has once again proved its resilience, just as we believed it would. French luxury group LMVH-which owns 75 major brands across wines and spirits, fashion and leather, perfumes and cosmetics, watches and jewelry, and selective retailing-recorded 20% growth in revenue in the first 9 months of 2022 vs 2021.

And this wasn't just the case for the largest luxury groups. 95% of luxury brands enjoyed a positive compound annual growth rate in 2022.

And despite economic headwinds and global recession fears, the luxury industry is set to grow-albeit more slowly-in 2023 as wealthy shoppers continue to travel and spend.

The luxury futurescape is far from smooth sailing, however, with a new wave of consciousness, changes, and challenges.

We believe Betterment in the Youniverse will be one of the key themes in 2023 and beyond.

Affluent consumers are increasingly pursuing positive changes in their lives and are expecting luxury brands to do better-by the people and by the planet. So, luxury brands will need to continue to redefine themselves as elevated enablers of social change in order to remain relevant.

We said it before, and we will say it again: Customer centricity has never been more important for luxury brands.

Luxury brands must deliver a timely and timeless form of meaningful value and empower expressions of individual identities.

The future of luxury: 3 macro shifts

We're starting our 2023 luxury trends report this year by looking at three underlying themes that are fundamentally reshaping the global dynamics and the business playbook for luxury brands. We call them macro shifts, and they run across each of the seven trends we've identified for 2023.

As you would expect, these three macros shifts will remain somewhat constant over the coming years.

Online will soon surpass all other luxury sales channels

In a recent study by Google, 73% of consumers described themselves as channel agnostic, assessing with each purchase which channel is most suitable depending on convenience and availability.

After the fast pace growth of the COVID era, online luxury shopping is now cementing its place in the customer journey. Online is on track to be the single biggest sales channel in the coming years, surpassing monobrand retail stores.

One of the key drivers of this shift is the growing importance of monobrand online stores in 2023.

While traditional luxury brands relied heavily on multibrand retailers to sell their products online over the past decade, these brands are now doubling down on their own websites to drive sales. This enables brands to own the customer data and control the entire omnichannel experience.

1/3
of all luxury sales will take place online by 2030.

We saw in 2022 the Richemont Group slowly reversing its acquisition of Yoox Net-a-Porter, and competitor FARFETCH take advantage of the move to consolidate its position internationally. We expect the competition between monobrand and multibrand retailers to intensify in the coming years as luxury brands want a bigger share of the market.

Millennials and Gen Z drive luxury growth at accelerating rates, with Gen Alpha fast approaching

Millennials and Gen Z accounted for the entire growth of the global luxury market in 2022 according to Bain and Altagamma's latest study.

Younger generations will continue to assert their position as critical growth levers for the luxury sector in 2023.

And this generational shift will only accelerate in the coming years:

Gen Z and Gen Alpha's luxury spending is expected to grow three times faster than other generations.

Perhaps thanks to luxury brands' expanded portfolio of teenage-appealing products (think sneakers and activewear) at multi-price points and digitally-driven communication strategies, Gen Z shoppers purchase luxury items three to five years earlier than millennial predecessors.

The outpour of brand collaborations demonstrates the importance of these younger cohorts for luxury houses. From the now common streetwear/sportswear and luxe collaborations (i.e. Gucci x Palace, Dior x ERL, Louis Vuitton x Nike, Jacquemus x Nike) to more nostalgia-infused cross-branded releases (think Balmain x Barbie or Balmain x Pokémon).

But mixed feelings about the latest Gucci x Dickies might be a gentle reminder to watch out for brand dilution and customers' fatigue as luxury brands start to stretch themselves too thin.

Some brands might have gone, dare we say it, too far in their popularization over the years. Instead, luxury should be curated to achieve better standards of living rather than overwhelming consumers with limitless options.

Beyond China-Asia is becoming wealthier

Chinese consumers are still expected to drive an influx in spending. It is forecasted they will make up 40% of the global luxury market in 2030 (vs. 50% by 2025 previously reported by consultancy firm Bain & Co).

Notably, consumers in other Asian countries are becoming wealthier, including India and Indonesia.

40%
of global luxury sales will be made by Chinese consumers by 2030

With actress Deepika Padukone becoming the first ever Indian "House Ambassador" for Louis Vuitton in May 2022, it appears that luxury brands are indeed making moves.

In November 2022, Indian fashion retail company Aditya Birla Fashion and Retail Limited (ABFRL) entered a strategic partnership with French luxury department store chain Galeries Lafayette to open luxury outlets, as well as a dedicated e-commerce platform in India.

"India's luxury market is forecasted to expand to 3.5 times today's size by 2030"- and definitely a country to watch for luxury brands.

7 luxury trends that will shape 2023

Let's now take a closer look at the seven most important trends that will shape the global luxury industry in 2023.

Here are the seven most important luxury trends to consider in 2023.

In-house Resale: Second-hand luxury becomes first-class priority

The very essence (timelessness, enduring desirability, durability, and in some cases, scarcity) of luxury goods makes it particularly well-suited for the resale market.

Resale has been rising for some years. Increasingly, affluent consumers are seeing resale as a way to shop sustainably (and brands as a way to boost their sustainability credentials).

And now that some of the most traditional luxury brands are embracing resale, it might actually be more than a trend-it's a new reality. Rolex launching its Certified Pre-Owned program is a prime example of major luxury players (finally) wanting to take control of their second-hand markets (data, dollars, and experience).

Lifestyle and luxury brands ranging from Cuyana to Balenciaga and Gucci are increasingly launching their own resale programs, often housed on their brand website.

While others are exploring new models for the sale of vintage pieces. In November 2022, LVMH, for example, launched Heristoria.com, a hyper-curated luxury sales platform entirely dedicated to the luxury group's archive items. Each item has its own special history and is sold with an exclusive in-person experience.

As luxury brands increasingly bring the resale process in-house, it will be interesting to see how online marketplaces like The RealReal and Vestiaire Collective will play.

Utility NFTs: Practical applications and real-world value

Luxury brands are expected to be deeply rooted in craftsmanship yet fueled by innovation. So despite the highly mediatic fall of cryptos in 2022, we think an increasing amount of innovative NFT luxury projects will appear in 2023. Going beyond speculation, luxury brands will leverage blockchains to experiment with real utilities of virtual ownership and authentication of physical goods.

From Prada Timecapsule NFT series to Tiffany's Cryptopunk 'NFTiff' pendants, 2022 saw luxury brands warming up to the idea of non-fungible tokens, but 2023 is poised to see more NFTs offering tangible functions with new emerging business models.

With NFTs now available to share, sell, and buy on Instagram, the format is poised to become more understood and adopted.

Take a look at the business model of companies such as Courtyard and Wiv to get a glimpse at how the space might evolve. They both use a blockchain to tokenize physical goods that are safely stored away. This enables owners to easily collect and trade physical valuables. The NFT can then be burned to redeem the physical good at any point in the future.

The wealthiest 2% of global consumers accounted for 40% of luxury spending in 2022, compared with 35% in 2009 according to analysts at Bain & Co. And these ultra-wealthy individuals will likely keep on spending in times of economic hardship.

On the other hand, we expect aspirational luxury consumers to reduce their spending in 2023 as recession looms across the world. As a result, competition among luxury brands to earn the attention of the ultra-luxury shoppers will heat up in 2023.

Gucci already started to realign its design philosophy with the departure of long-time Creative Director Alessandro Michele, who spearheaded a streetwear-infused, maximalist movement to attract younger aspiring consumers.

In 2022, Balenciaga opened its one-of-a-kind Couture Store dedicated to its high-fashion for High Net Worth Individuals in Paris-A space that goes beyond the salons reserved for client fittings to offer the finest services, with rare and unique products, at a historical address. And Chanel is planning to open Private Boutiques that cater exclusively to its top-spending clientele, with the first round set to open in Asia this year.

We can expect to see more luxury brands follow suit and further invest in exclusive experiences for their top spending clients in 2023.

Me-taverse: Virtual influencers and phygital identities in the Metaverse

Luxury is redefining the way we experience our world. And that means a growing sense of phygital fluidity and bolder moves towards more seamless multidimensional virtual realities.

The gaming habits of younger generations and would-be luxury shoppers, especially in Asia, form the perfect foundation for virtual influencers. And the metaverse offers new opportunities for these virtual influencers to thrive.

The metaverse will also present opportunities for luxury brands to empower individual identities beyond physical appearances or IRL interactions.

With Apple expected to unveil its first mixed reality headset in 2023, the door for mass consumers to experience the virtual world will be wide open. It will take several years for brands to develop robust and exciting experiences, and for consumers to fully embrace the technology. But, we think the metaverse (defined broadly as virtual and augmented reality experiences) will prove to be a strong growth area for luxury brands capable of leveraging the platforms.

Feel-Good Investments: Luxury goods as financial assets and investments in oneself

Wellness ambitions have been transforming luxury for some time now, and the past years have contributed to deepening this force. Affluent consumers are increasingly viewing luxury goods as long-term investments-financially but also as investments in themselves as individuals (think well-being and betterment). Our predictions are that luxury will focus on the experiential as people are chasing after fulfilling experiences for fuller lives (driven in parts by the You Only Live Once culture).

Investing in luxury goods is also becoming a way for people to invest in alternative value-holding assets beyond traditional investments like gold or diamonds.

Rolex watches, high-statement luxury sneakers like Jordans, fine wines, and designer bags (the likes of Hermès Birkins, Chanel bags, and Louis Vuitton handbags; especially now that these top legacy luxury houses raise prices and tighten distribution) tend to hold their value over time and even appreciate in value, making them all the more enticing for affluent consumers looking to invest in luxury.

There's one key caution to keep in mind, however: the authenticity of the goods. Investments in blockchain technology, in particular, are an interesting approach to improving the authentication process. Common standards are yet to be developed collaboratively for this new technology to be truly effective at scale, though.

Luxury constellations, rising stars, and "fading stars"

The gap is widening between the luxury brands that are parts of groups like LVMH, Kering, and Richemont and the smaller, independent heritage luxury players. So, we can expect to see more acquisitions and new partnership models crystallize.

With less money available on the market, investors will be cautious about their bets in 2023.

We think that heritage brands that have either not managed to remain relevant or to run their operations with a profit will be at risk. Storied luxury brands such as now-Chinese-backed Lanvin will have to adapt and prove their worth beyond their historical legacy.

We expect to see more of these heritage brands be acquired by international groups to be repurposed after the recession. Mercedes-Benz 's approach with Maybach is the model that we have in mind for some of these brands, whereas a competitor will purchase the legacy company mostly for its brand equity, not its current operations.

New luxury frontiers: Branded experience, expanded

Over the years, personal goods luxury brands have been extending their portfolio, from activewear to beauty to homeware and even hotels (i.e, Armani Hotels and The Palazzo Versace Luxury Hotels and Resorts), with various degrees of success. But we can expect to see brands expanding even further, including in F&B experiences.

In 2022 alone, Ralph Lauren opened several Ralph's Coffees and, more notably, APAC's first Ralph's Bar in China's Tier 1 city Chengdu. Maison Margiela unveiled its first café in Chengdu, then in South Korea. Dior opened its restaurant, Monsieur Dior, in its Avenue Montaigne store in Paris. And Louis Vuitton opened The Hall, its first standalone restaurant in the world, in Chengdu. The LVMH-owned luxury Maison is also set to open its world's first dedicated furniture and homewares store in Shanghai, showcasing that brands are planning to expand further into lifestyle offerings, be it in pop-up or permanent locations.

1. Year in Search 2022, Google Trends, December 2022.

2. Growth continues at the same pace, LVMH, October 11, 2022

3. 4 trends that will define the future of luxury and fashion, by Vincenzo Riili and Linda Bezze, Google, November 2022.

4. Richemont Comes to Its Senses on Net-a-Porter, by Andrea Felsted, Bloomberg, August 24, 2022.

5. Bain and Altagamma Luxury Goods Worldwide Market Study Fall 2022 - 21st Edition, by Claudia D'arpizio and Federica Levato, November 15, 2022.

6. Major Gucci Shake-Up as Designer Steps Down, by Elizabeth Paton and Vanessa Friedman, The New York Times, November 23, 2022.

7. Balenciaga to Open Paris 'Couture Store'by Tamison O'Connor and Lauren Sherman, The Business Of Fashion, July 1, 2022.

8. Luxury brands brace for a 2023 slowdown, by Lauren Indvik, Financial Times, December 29, 2022.

Images byAman Hotels

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The Future Of Luxury: 7 Trends To Stay Ahead In 2023

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An insightful look at the future of luxury. Discover the fundamental trends that will shape the world of luxury in 2023.

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Fashion Trends: What's In For Spring, Summer, Fall, and Winter

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Straight from the fashion week runway-what's new and what's in each season, and the top trends to try now.

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My CV profile

Phone:+447747064066

Email: vanyakhandelwal123@gmail.com

PERSONAL PROFILE

I have always been fascinated by the allure and elegance of the luxury industry and thus I've always been keen to get to know about it more. Throughout my academic journey, I have developed a basic understanding of the principles and

dynamics taht are used by fashion brands. My interest in this field has always fueled my desire to contribute more and more towards the growth and development of the respective industry.

I am a detail-oriented individual with a keen eye for aesthetics and always look towards the finer things in life. My academics have provided me with a

comprehensive knowledge of luxury brand strategy, consumer behaviour, and the unique challenges and opportunities within the luxury market. I have decent skills

in analyzing market trends, conducting in-depth research, and devising effective strategies to position luxury brands for success.

WORK EXPERIENCE

Sep - 2022

London Fashion Week 2022

-Styled models

-Handling the entire back- end of the shoot

-Shot for an International Designer in London

July/Sep 2023

Tod's

-Provided personalized assistance to high-end clientele, offering styling

recommendations and ensuring an elevated shopping experience

EDUCATION

Mount Carmel School,New Delhi

Pearl Academy

2021-22 Basic Diploma in Fashion

Lifestyle and Business Management

2022-23 Advance Diploma in

Fashion Lifestyle and Business

Management (Luxury Specialization)

Manchester MetropolitanUniversity

2023-2024 International Fashion

Business Practice(Top-Up)

CERTIFICATES

UNIVERSITA BOCCONI

Marketing Mix fundaments I IE BUSINESS

SCHOOL

Better Business Writing in English I

GEORGE INSTITUTION OF TECHNOLOGY

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Artificial Intelligence in Fashion: Reshaping the Entire Industry

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Learn how AI is revolutionizing trends prediction, supply chain optimization, and customer experience in fashion retail.

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Sustainable fashion is a term that's increasingly used (and overused, often with little to back it up) these days, as we all become ever more aware of the serious environmental impact of our clothes -with the industry responsible for a shocking four to 10 per cent of global greenhouse-gas emissions every year. But what does sustainable fashion actually mean?

In short, it's an umbrella term for clothes that are created and consumed in a way that can be, quite literally, sustained, while protecting both the environment and those producing garments. That's why cutting CO2 emissions, addressing overproduction, reducing pollution and waste, supporting biodiversity, and ensuring that garment workers are paid a fair wage and have safe working conditions, are all crucial to the sustainability matrix.

Considering the number of factors involved, there are still too few brands out there currently tackling all of these complex issues, and even those that are will admit that there's always room for improvement. This means simply shopping for items labelled 'sustainable' is not enough; we need to completely rethink our purchasing habits and the way we consume clothes.

So, if you want to ensure your wardrobe is as sustainable as possible moving forward, here's everything you need to know.

1. Buy less and buy better

It may be a cliche, but the mantra "buy less and buy better" is key when you consider that a staggering 100bn garments are being produced globally every year. Before making a purchase, sustainability consultancy Eco-Age 's chief brand officer Harriet Vocking advises that you ask yourself three all-important questions: "What are you buying and why? What do you really need? Will you wear it at least 30 times?"

2. Invest in sustainable fashion brands

Buying better can also mean supporting designers who are promoting sustainable practices, including the likes of Collina Strada, Chopova Lowena and Bode, who all use upcycled textiles in their designs. Narrowing your search for specific items can also help, whether that's seeking out brands producing activewear more sustainably (such as Girlfriend Collective and Indigo Luna), swimwear (including Stay Wild Swim and Natasha Tonic) or denim (Outland Denim and Re/Done).

3. Shop secondhand and vintage

With secondhand and vintage now increasingly accessible thanks to sites such as The RealReal, Vestiaire Collective and Depop, consider buying pre-loved items when looking to add to your wardrobe. Not only will you extend the life of these garments and reduce the environmental impact of your wardrobe as a result, you can also find one-of-a-kind pieces that no one else will own. Look to the likes of Rihanna and Bella Hadid - both vintage aficionados - for inspiration here.

4. Try renting

Instead of buying a new dress for that wedding or BBQ this summer (Covid restrictions permitting, of course), it's now easier than ever to rent something to wear instead. According to one study, an astonishing 50m garments are bought and worn just once every summer in the UK alone - a dirty habit we need to quickly ditch, given that the equivalent of one garbage truck of textiles is burned and landfilled every second.

5. Avoid greenwashing

As consumers become ever more aware of their environmental footprint, greenwashing-brands using vague, misleading or false claims to suggest it's more eco-friendly than it actually is-is becoming increasingly prevalent. Look beyond buzzwords such as 'sustainable', 'eco-friendly', 'conscious' and 'responsible' to see if brands have detailed policies to back up their claims.

6. Know your materials

Understanding the impact of materials is crucial when it comes to making more sustainable purchases. A good rule of thumb is to avoid virgin synthetics such as polyester-which makes up 55 per cent of clothes globally-as these are derived from fossil fuels and take years to break down. Not all natural materials are made the same: organic cotton, for example, uses significantly less water than conventional cotton and doesn't use harmful pesticides.

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What does sustainable fashion actually mean?

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What does sustainable fashion mean? What are the sustainable fashion brands you need to know? Here is Vogue's ultimate guide to sustainable and eco-friendly fashion