Luxury Sector Snapshot: March 2024
REPORT
6 Mar 2024
Luxury Sector Snapshot: March 2024

Is luxury really recession-proof? What’s behind the success of luxury collaborations? How did quiet luxury give rise to the new look of sustainable upmarket goods? How are the fine jewellery and Swiss watch markets being disrupted? And what drives people to luxury resale?

Diana Verde Nieto

Diana Verde Nieto is the co-founder of Positive Luxury, which helps companies adapt and transition to a new climate economy by assessing their ESG performance and forecasting social and environmental risks. Diana is a pioneer in ESG and a globally recognised figure in the sustainability field. She holds a degree in global leadership and public policy from Harvard Kennedy School, and she has been trained by former US Vice President Al Gore at the Alliance of Climate Protection, subsequently being honoured by the World Economic Forum as a Young Global Leader.

Alex Cheatle

Alex Cheatle is CEO of Ten Lifestyle Group, a leading global travel and lifestyle concierge company founded in 1998. The company has a total of 24 global offices, delivering lifestyle concierge services in more than 30 languages in a total of 145 countries. The group offers affluent customer loyalty programmes for access to the world’s best restaurants, hotels and events and travel and lifestyle management for high net worth people. The company also releases case studies and research on affluent consumer and behaviour trends. Being CEO for 23 years at Ten Lifestyle Group, Cheatle has a deep understanding of the luxury market and also how a luxury membership programme operates.

Nonita Kalra

Nonita Kalra has three decades of media experience in print and television. From 2016 to 2020, she was the editor at Harper's Bazaar India. Prior to that (2000 to 2012), she was editor-in-chief of Elle India, where she spent 13 years at the helm. Nonita’s past consultancy work includes a special beauty project with Godrej Consumer Products building a new brand (2013). In 2015, she worked with the Fashion Design Council of India for two fashion weeks. She is also part of the style collective for the Natural Diamond Council, India, and advises boutique brands on communication and strategy.

Anastasiia Fedorova

Anastasiia Fedorova is a senior insights editor at Canvas8. A writer, curator and cultural strategist, she specialises in art, fashion, design, technology and visual culture. Her personal work explores sexuality, identity and queer communities while interrogating our place in a world shaped by rapidly changing technologies. As an avid sci-fi fan since teenage years, she is always interested in thinking about multiple and diverse futures.

Rebecca Smith

Rebecca Smith is the Head of Toolkit at Canvas8. With a background in psychology, she has worked with global clients such as Google, Nike, and Mars, exploring everything from what people want from a fake tan to Gen Z’s relationship with social media. Outside of work, you’ll find her binge-watching reality TV, listening to hyperpop, or with her nose buried in a fantasy novel.

Alex Strang

Alex Strang is a senior insight editor at Canvas8 who used to be in a punk band that was signed, shaped, and spat out. He enjoys using his experience of being the product to help brands understand how to sell theirs. After studying philosophy and critical theory, he found his feet in the market research world and has been over-analysing consumer behaviour ever since, including his own. He can usually be found playing board games, watching Seinfeld, or trying too hard to make his daughter laugh.