Kering Shares Plunge 12% After Gucci’s Demna Appointment Kering, the renowned luxury goods company, recently experienced a significant setback as its shares plummeted by 12% following the announcement of Demna Gvasalia’s appointment as the new creative director of Gucci. This unexpected news sent shockwaves through the industry and sparked controversy on social media platforms, leading […]
LVMH Seeks to Clear Way for Bernard Arnault to Stay at the Helm Until 85
LVMH Seeks to Clear Way for Bernard Arnault to Stay at the Helm Until 85 LVMH, the French multinational luxury goods conglomerate, is gearing up for a crucial vote on April 17th. The company’s shareholders will convene to decide on a proposal that could have a profound impact on the future leadership of the organization. […]
Zara, Kiehl’s, Jacquemus: Why Skiing Is Bigger Than Ever for Brands
Zara, Kiehl’s, Jacquemus: Why Skiing Is Bigger Than Ever for Brands Skiing, once a niche sport enjoyed by a select few, has now transcended its traditional boundaries to become a mainstream phenomenon. The allure of the snow-capped mountains, the adrenaline rush of gliding down the slopes, and the cozy après-ski culture have all contributed to […]
De Beers Takes Another Hit as Diamond Woes Bite
De Beers Faces Challenges as Diamond Market Shifts The diamond industry, long associated with luxury and exclusivity, is currently experiencing significant turbulence as consumer preferences evolve and new players enter the market. De Beers, a renowned name in the diamond sector, is feeling the impact of these changes as owner Anglo American recently announced a […]
Resale Prices Are All Over the Place. Here’s Why That’s a Problem.
Resale Prices Are All Over the Place. Here’s Why That’s a Problem. In a fragmented market, resale prices are more scattergun than ever. This leads to confused buyers, disillusioned sellers, and market stagnation. The issue of fluctuating resale prices has become a prevalent concern in various industries, including real estate, automotive, and luxury goods. The […]
Trump Tariffs Would Test Luxury’s Pricing Power
Trump Tariffs Would Test Luxury’s Pricing Power The looming threat of Trump tariffs has once again put the luxury industry in the spotlight, with executives at renowned fashion houses such as Hermès and Kering expressing their strategies to navigate potential challenges. The recent statements from these industry giants shed light on the delicate balance between […]
Moncler Shares Surge, Boosted by Recovery in China
Moncler Group’s Full-Year Revenues Rise 7% to €3.11 Billion, Boosted by Recovery in China Moncler Group has recently made headlines in the business world with its impressive financial performance. The luxury fashion company announced that its full-year revenues have surged by 7 percent, reaching a substantial €3.11 billion ($3.42 billion). This remarkable growth has been […]