We know how expensive tickets (even at face value) and travel costs are for live music events. But the outlay doesn’t end there with a quarter of fans reportedly spending over £100 on special outfits.
Image: AEG Global Partnerships
That’s good news for fashion retailers and the beauty/haircare sectors, with ‘The Live Effect’ report by AEG Global Partnerships showing 29% of fans dress specifically in a way that identifies them as part of a fan community and 58% agreeing that they can often identify fellow fans outside of music settings as a result.
Also, more Gen Z fans buy new outfits but Millennials hold the greater spending power. And 19% of Gen Zers buy them at least six months before an event, while 26% of Millennials leave it to the last minute.
Oh, and the latter’s last-minute mindset also extends to their beauty and grooming purchases, with 47% splashing out on their hair and make-up in the week before, while only 26% of Gen Z fans do the same.
Overall, 65% of Gen Z fans strongly identify with the fan community of their favourite artists, with the desire to belong driving 41% to dress to fit in with the crowd. So these shoppers are more likely to purchase a new outfit for an event than any other (43% vs the 29% average), the report shows.
While the majority (47%) of Gen Z fans spend up to £50 on a new outfit for an arena gig, 37% of Millennials spend between £50-£100, with 29% spending even more.
The report also said Gen Z fans feel more excited about buying live music tickets than most (67% vs 59%), “and the anticipation, combined with their passion for fashion and community connection, drives earlier purchases”. One in five (19%) has already bought a new outfit six months before a festival, by comparison to just 11% of Millennials.
Georgina Iceton, VP Partnership Activation at AEG Global Partnerships, said: “The power of live music is unmatched in its ability to bring communities together, and the fashion industry plays an important role in helping fans to fit in and feel special on days that they have been looking forward to for months.”
She added: “From Brat Green to beaded bracelets, brands that offer incredible outfits to the right people at the right time will reap the rewards, becoming part of cherished memories that drive long-term loyalty, consideration and future purchase intent.”
The demerger of Unilever‘s ice cream division, to be named ‘The Magnum Ice Cream Company,’ which had been delayed in recent months by the US government shutdown, will finally go ahead on Saturday, the British group announced.
Reuters
Unilever said in a statement on Friday that the admission of the new entity’s shares to listing and trading in Amsterdam, London, and New York, as well as the commencement of trading… is expected to take place on Monday, December 8.
The longest federal government shutdown in US history, from October 1 to November 12, fully or partially affected many parts of the federal government, including the securities regulator, after weeks without an agreement between Donald Trump‘s Republicans and the Democratic opposition.
Unilever, which had previously aimed to complete the demerger by mid-November, warned in October that the US securities regulator (SEC) was “not in a position to declare effective” the registration of the new company’s shares. However, the group said it was “determined to implement in 2025” the separation of a division that also includes the Ben & Jerry’s and Cornetto brands, and which will have its primary listing in Amsterdam.
“The registration statement” for the shares in the US “became effective on Thursday, December 4,” Unilever said in its statement. Known for Dove soaps, Axe deodorants and Knorr soups, the group reported a slight decline in third-quarter sales at the end of October, but beat market expectations.
Under pressure from investors, including the activist fund Trian of US billionaire Nelson Peltz, to improve performance, the group last year unveiled a strategic plan to focus on 30 power brands. It then announced the demerger of its ice cream division and, to boost margins, launched a cost-saving plan involving 7,500 job cuts, nearly 6% of the workforce. Unilever’s shares on the London Stock Exchange were steady on Friday shortly after the market opened, at 4,429 pence.
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Burberry has named a new chief operating and supply chain officer as well as a new chief customer officer. They’re both key roles at the recovering luxury giant and both are being promoted from within.
Matteo Calonaci becomes chief operating and supply chain officer, moving from his role as senior vice-president of strategy and transformation at the firm.
In his new role, he’ll be oversee supply chain and planning, strategy and transformation, and data and analytics. He succeeds Klaus Bierbrauer, who’s currently Burberry supply chain and industrial officer. Bierbrauer will be leaving the company following its winter show and a transition period.
Matteo Calonaci – Burberry
Meanwhile, Johnattan Leon steps up as chief customer officer. He’s currently currently Burberry’s senior vice-president of commercial and chief of staff. In his new role he’ll be leading Burberry’s customer, client engagement, customer service and retail excellence teams, while also overseeing its digital, outlet and commercial operations.
Both Calonaci and Leon will join the executive committee, reporting to Company CEO Joshua Schulman.
JohnattanLeon – Burberry
Schulman said of the two execs that the appointments “reflect the exceptional talent and leadership we have at Burberry. Both Matteo and Johnattan have been instrumental in strengthening our focus on executional excellence and elevating our customer experience. Their deep understanding of our business, our people, and our customers gives me full confidence that their leadership will help drive [our strategy] Burberry Forward”.
Traditional and occasion wear designer Puneet Gupta has stepped into the world of fine jewellery with the launch of ‘Deco Luméaura,’ a collection designed to blend heritage and contemporary aesthetics while taking inspiration from the dramatic landscapes of Ladakh.
Hints of Ladakh’s heritage can be seen in this sculptural evening bag – Puneet Gupta
“For me, Deco Luméaura is an exploration of transformation- of material, of story, of self,” said Puneet Gupta in a press release. “True luxury isn’t perfect; it is intentional. Every piece is crafted to be lived with and passed on.”
The jewellery collection features cocktail rings, bangles, chokers, necklaces, and statement evening bags made in recycled brass and finished with 24 carat gold. The stones used have been kept natural to highlight their imperfect and unique forms and each piece in the collection has been hammered, polished, and engraved by hand.
An eclectic mix of jewels from the collection – Puneet Gupta
Designed to function as wearable art pieces, the colourful jewellery echoes the geometry of Art Deco while incorporating distinctly South Asian imagery such as camels, butterflies, and tassels. Gupta divides his time between his stores in Hyderabad and Delhi and aims to bring Indian artistry to a global audience while crafting a dialogue between designer and artisan.