The 37th floor of 345 Park Avenue in New York City was abuzz with discussions, insights, and shared expertise as the Italy-America Chamber of Commerce (IACC) hosted its sixth annual Luxury Summit. The summit brought together top luxury leaders and industry experts to delve into the landscape of the luxury market, with a particular focus on Environmental, Social, and Governance (ESG) considerations.
The event kicked off with an opening address by Federico Tozzi, the Executive Director of the Italy-America Chamber of Commerce. Tozzi set the stage for the day, emphasizing the importance of exploring the ever-changing luxury market through the lens of ESG. As societal values shift towards sustainability and ethical practices, the luxury industry finds itself at a crossroads, navigating how to align with these evolving consumer preferences.
The first panel, moderated by Jon Pearce, Global Chief Creative Officer of Hudson Rouge, featured Kenneth Kim, Lead Economist for KPMG, alongside industry experts Fabrizio di Martino, Director of Marketing & E-commerce for CitizenM; Stacie Henderson, CMO of the Americas for Tod’s Group; and Dennis Ulrich, Co-founder of Piazza Italia. The panelists engaged in a discussion on the impact of economic and political environments on the evolution of luxury over the last fifty years, providing valuable insights into the challenges and opportunities that have shaped the industry.
The sessions continued with a panel moderated by Bill D’Arienzo, PHD, Founder of WDA Strategic Brand Marketing, that brought together Stefano Giacomelli, CEO for The Tivoli Group; Flavio Sciuccati, Senior Partner & Head of the European House-Ambrosetti’s Global Fashion Unit; and Jack Mitchell, Chairman of the Mitchell Stores. The discussion centered around the role of brands in the changing landscape of luxury and how they can adapt to meet the demands of a socially conscious consumer base.
The morning proceed with a discussion between Alberto Milani, President of the Italy-America Chamber of Commerce, and Luca Bonardi, Principal of Global Transfer Pricing and Valuation Services, who provided a unique perspective on the economic and business implications of the evolving luxury market, tying together the insights shared throughout the day.
The Luxury Summit concluded with a call to action from the organizers, inviting attendees to stay engaged and continue the dialogue on the future of luxury. The networking opportunities throughout the event allowed participants to forge new connections, share ideas, and contribute to the ongoing discourse on how the luxury industry can thrive in a world increasingly shaped by ESG considerations.
