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Our Friday Press Review: 22 March 2019

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Here are some of the most interesting articles of the last weeks selected by The Consultancy Group: AdWeek - The NYC Luxury Retail World Is Already Crowded. Can Neiman Marcus and Hudson Yards Stand Out? CNN - Mike Trout: Los Angeles Angels star to agree richest deal in sport with $430 million deal Luxury Society - How Baselworld Can Establish its Relevance Once More   Wide World of Sports - Carolina Hurricanes' classic response to being called 'jerks' by iconic NHL commentator Don Cherry   SportsPro - Why Red Bull Media House is the ‘King of Content’? Forbes - Sports Betting Explodes During March Madness, And AGA Estimates $8.5 Billion Bet On NCAA Tournament Bloomberg - Netflix’s Growth Helps Streaming Eclipse Cable Subscriptions Don't forget to hit the Subscribe button to be notified of our new article! 

Retail or not retail – that is the question!

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Every sector has its own cycle, and it seems that retail is in the thick of a massive renewal at the moment. The economic crisis in 2008 impacted every industry, requiring them to rethink their strategy, some faster than others. In this article, we will focus on luxury businesses, as they are one of our areas of expertise at The Consultancy Group. Up in the air  Business aviation was impacted immediately by the 2008 crisis, with a dramatic decrease in chartered flights and the purchase of planes, both new and pre-owned. As we saw in a previous article on this blog, travelling reduced dramatically as a first step in cutting costs, business aviation included. The retail market for pre-owned jets became saturated and the market for new jet orders was severely limited. At its best, the leading manufacturers, such as Bombardier, Dassault or Cessna, went from building over 140 business aircraft per year to 35, according to a recent interview of Stefano Albinati , CEO and...