{"id":553137,"date":"2022-10-23T13:22:42","date_gmt":"2022-10-23T13:22:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/23\/the-jury-is-still-out-on-the-hybrid-work-model-luxury-goods-purchases-are-up\/"},"modified":"2022-10-23T13:22:42","modified_gmt":"2022-10-23T13:22:42","slug":"the-jury-is-still-out-on-the-hybrid-work-model-luxury-goods-purchases-are-up","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/23\/the-jury-is-still-out-on-the-hybrid-work-model-luxury-goods-purchases-are-up\/","title":{"rendered":"The jury is still out on the hybrid work model + Luxury goods purchases are up"},"content":{"rendered":"

<\/a> Leadership and employees remain at odds over the hybrid work model:<\/strong> 87% of employees believe they are working productively while 85% of surveyed managers believe the shift to hybrid work has challenged confidence in productivity, a Microsoft survey<\/a> reports. In an earlier survey<\/a>, the challenge of hybrid work was illustrated by 38% of hybrid employees reporting their biggest issue was knowing when and why to come into the office while only 28% of companies had established and defined the new parameters. A rise in digital exhaustion was also reported, with 13% of employees saying that working remotely had extended the work day by 46 minutes, and after-hours work on the weekend or in the evening had increased by 14%.<\/p>\n

Luxury goods remain robust despite a looming recession:<\/strong> LVMH Moet Hennessy Louis Vuitton SE \u2014 the world\u2019s largest luxury brand \u2014 reported robust sales up 19% y-o-y exceeding analysts estimates of a 13% increase, Reuters<\/a> reports, citing data from Visible Alpha. The sharp rise in sales is due to wealthy shoppers in Europe, the US, and Japan splashing out on fashion and Americans in Europe capitalizing on a strong USD. \u201cLuxury is not a proxy for the general economy,\u201d LVMH\u2019s CFO told analysts when asked about the \u201cdivorce\u201d between the luxury industry and global economic circumstances, Bloomberg<\/a> reports, explaining that affluent people have their own behavior which is not always completely in line with economics.<\/p>\n

Growth despite price hikes: <\/strong>Fellow luxury company Hermes reported annual growth of 24% despite raising prices an average of 4%.The enormous rise in affluence<\/a> around the world helps explain why demand for luxury products is rising with the easing of China\u2019s Covid-related restrictions is also another contributing factor to the boost in shopping and spending.<\/p>\n

\n

Forget skincare, the latest celebrity founder craze is investment firms: <\/strong>Football player Lionel Messi is launching his own investment firm, Play Time Sports-Tech HoldCo LLC, according to a statement picked up by Bloomberg<\/a>. The firm will focus on sports, media and technology, deploying funds to help startup founders build football-tech companies or invest in teams. \u201cI am excited to extend our roots into Silicon Valley, and I am thrilled that Play Time will collaborate with daring entrepreneurs from all over the world,\u201d Messi said. Last month, we reported<\/a> that reality TV star Kim Kardashian and Carlyle\u2019s former global head of consumer, media, and retail Jay Simmons, are launching a new private-equity firm, Skky Partners<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Leadership and employees remain at odds over the hybrid work model: 87% of employees believe they are working productively while 85% of surveyed managers believe the shift to hybrid work has challenged confidence in productivity, a Microsoft survey reports. In an earlier survey, the challenge of hybrid work was illustrated by 38% of hybrid employees […]<\/p>\n","protected":false},"author":1,"featured_media":553138,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[633,638,125,1124],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-553137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-enterprisepm","tag-for-your-commute","tag-investment-watch","tag-work-from-home","wpautop","entry"],"acf":{"mongo_id":"8c35bff0-c2b2-4ca9-8c28-fddaccd1c6da","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/489.jpeg","photo_position":"above","related_issue":[553133],"teaser":"","voice_url":""},"yoast_head":"\nThe jury is still out on the hybrid work model + Luxury goods purchases are up - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/23\/the-jury-is-still-out-on-the-hybrid-work-model-luxury-goods-purchases-are-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The jury is still out on the hybrid work model + Luxury goods purchases are up\" \/>\n<meta property=\"og:description\" content=\"Leadership and employees remain at odds over the hybrid work model: 87% of employees believe they are working productively while 85% of surveyed managers believe the shift to hybrid work has challenged confidence in productivity, a Microsoft survey reports. 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