he highlights of the 2022 Luxury Innovation Summit include the Luxury Innovation Awards taking place alongside the summit; a Luxury District at the venue – a space dedicated to showcase and promote innovation in the luxury industry; and the entire Summit in Metaverse with a dedicated space for brands and start-ups. Along with the physical gathering in Geneva, the Summit will allow, for the first time, VR interactions among established brands, investors and start-ups from the luxury industry in the Metaverse.
This event in Geneva will let attendees enjoy carefully selected themes on Innovation, Sustainability and Investment in luxury. As its 4th edition, this Summit has evolved and adapted to bigger audiences. Speakers will include international luxury leaders, entrepreneurs, industry insiders, and investors. Together, they will examine the evolving nature of luxury, new consumer attitudes, and what established brands and start-ups need to build and maintain relevance.
Among the topics to be discussed:
Innovation and Creativity
NFT, Metaverse, AI, VR, blockchain, new materials and devices are in a constant state of upgrade: technology’s power over the luxury and fashion world gets stronger and stronger. How should the industry harness this, and how can brands best prepare for the future?
Sustainability and Circular Economy
How can the fashion and luxury industry do more in this space? How should the industry reconcile the seeming paradox of growing sales vs sustainability and environmental considerations? What does “sustainable” mean for an industry built on desire, consumption and constant change? And what can the luxury industry – from start-up to investor, big brand to boutique – do to help encourage more diversity within its ranks?
Private Equity and Venture Capital in Luxury
The Luxury goods sector benefits from a positive structural change. This theme will discuss various opportunities for private and institutional investors to invest in luxury goods and related services. How can investment houses be better prepared to identify the investment targets – from venture capital to private equity?
The 2022 Luxury Innovation Awards
The Luxury Innovation Awards will be alongside the Luxury Innovation Summit. Launched in 2020, the Luxury Innovation Awards are the first independent global competition for emerging brands and startups developing innovative solutions for the luxury industry. From the entries, the international jury will select 15 finalists to showcase themselves in the Luxury District (and in the Metaverse) and pitch live (or digitally) during the Luxury Innovation Summit to compete for the Luxury Innovation Award trophy.
One winner will be selected from each of the following categories:
Design and Art Watches and Jewellery Fashion and Beauty Lifestyle and Wellbeing
The deadline for applications is 15 May 2022. Further information on the application process is available on the Luxury Venture Group website is available here.
Two icons of the industry
Legendary luxury icons, Alain Dominique Perrin and Stanislas de Quercize, bestow their patronage on the 2022 edition of the Luxury Innovation Summit and Awards. Alain Dominique Perrin will serve as the President of the 2022 Awards Jury and Stanislas de Quercize as the Chairman of the 2022 Summit.
Alain-Dominique Perrin, President of the Cartier Foundation for Contemporary Art, is a visionary entrepreneur whose extraordinary journey is filled with audacity, passion, success and creativity in the world of luxury. He is renowned for Cartier’s renaissance and international development. He was the first to define “modern luxury”. Having developed a range of “Must de Cartier” items, he was also a pioneer in the fight against counterfeit goods. His passion for contemporary art and sensitivity for great wines are symbolised by the acquisition and renovation of the Château Lagrézette and propelling it to new heights.
The Awards take place at the Luxury Innovation Summit on 20 October 2022, in Geneva, Switzerland. Mr Perrin will meet all finalists, join the winners’ selection process and deliver a special keynote to young entrepreneurs and leaders in the luxury space.
Stanislas de Quercize, a former serial CEO, entrepreneur and leader since 1989, has had an extensive career within the Richemont Group, having worked with Montblanc, Alfred Dunhill, Van Cleef & Arpels, and Cartier – where he rose to be Chairman and CEO of Cartier International. He is a member of several boards, including Christian Louboutin, Messika, Barnes International, Fonds d’Investissement Caravelle, Fondation Rémy Cointreau, and American Friends of le Louvre. Furthermore, he was also a member of the Comité Colbert from 2007 to 2015. Today, he is the founder and President of SAVIH, a family office specialising in digital disruption start-ups.
“Great is our time when David and Goliath are helping each other versus the time they were killing each other. Innovative start-ups are engaged to help luxury groups and Maisons and brands to develop more sustainable growth models. The Luxury Innovative Summit and the Luxury Innovation Awards are great opportunities to highlight the innovative solutions in the what and the how of the future of luxury. A must to discover! – A must to contribute! – A must to enjoy!,” said Stanislas de Quercize.
“We are honoured to work with such exceptional living legends of the luxury industry. This announcement marks the start of the countdown to the 2022 Luxury Innovation Summit and Awards, where the brands, start-ups and investors will come together once again to be inspired by innovation, creativity, and entrepreneurship that will shape the future of luxury,” said Deependra Pandey, Founder and President of the Luxury Venture Group.
About the Luxury Venture Group
LVG is a Swiss-based venture capital company focused on venture capital investment in startups from the luxury industry. Initiated in 2019, the LVG aims to establish itself as a world leader in venture capital investment for startups from the luxury and related industries. With the carefully selected and most promising startups from the industry, LVG uses the full power of its unique ecosystem to support its portfolio companies in their journey towards success. LVG’s network helps these startups grow and make them investment-ready for Series A and beyond and provide them with new investors / co-investors and the fund-raising phases.