Cartier Reports Some Customer Data Stolen in Cyberattack Luxury jewelry brand Cartier, owned by Richemont, recently made headlines after revealing that its website fell victim to a cyberattack. The renowned company disclosed that a certain amount of customer data had been compromised, sending shockwaves through its loyal clientele. While the extent of the breach is […]
Coach’s Hit Handbag Shows How Less-Expensive Luxury Is Gaining Ground
Coach’s Hit Handbag Shows How Less-Expensive Luxury Is Gaining Ground In the ever-changing landscape of the fashion industry, one trend is becoming increasingly clear: the rise of masstige brands. While luxury labels and fast fashion giants are facing challenges, masstige brands like Coach are thriving, thanks to their ability to offer consumers a blend of […]
Italy’s Golden Goose Rules Out IPO This Year, Sees Limited Impact From Tariffs
Italy’s Golden Goose Rules Out IPO This Year, Sees Limited Impact From Tariffs Italy’s renowned luxury sneaker brand, Golden Goose, has recently announced its decision to defer its Initial Public Offering (IPO) this year. Despite this delay, the company continues to hold a positive outlook on the prospect of a future market listing, indicating that […]
Hello, Goodbye: Maria Grazia Chiuri’s Next Chapter
Hello, Goodbye: Maria Grazia Chiuri’s Next Chapter In a spectacular display of fashion and emotion, Maria Grazia Chiuri bid adieu to Dior and welcomed a new chapter in her illustrious career. The recent show in Rome was not just a fusion of cruise and couture; it was a poignant farewell to a transformative era at […]
Crypto-Luxury Brand 9dcc Is Shutting Down
Crypto-Luxury Brand 9dcc Is Shutting Down The world of luxury and cryptocurrency has collided in recent years, with brands like 9dcc paving the way for a new era of opulence and exclusivity. However, the once-promising brand has announced its decision to shut down, citing headwinds in web3 and softness in the luxury market. This announcement […]
Indian Jewellers Accelerate Global Rollout From Dallas to Doha
Indian Jewellers Accelerate Global Rollout From Dallas to Doha Centuries-old heritage brands and contemporary jewellers from India are making their mark on the international stage by expanding their presence beyond the borders of their homeland. With a rich legacy of craftsmanship and design, Indian jewellers are capturing the attention of global audiences in markets such […]
Trump’s Tariffs Hit European Luxury Industry, Shares Tank
Trump’s Tariffs Hit European Luxury Industry, Shares Tank The recent announcement by President Trump recommending the imposition of 50 percent tariffs on all goods from the European Union starting June 1 has sent shockwaves through the European luxury industry. Stocks of renowned luxury groups such as LVMH and Hermès took a hit following the news, […]
Luxury Retailer Canada Goose Withholds Annual Forecast on Tariff Uncertainty
Luxury Retailer Canada Goose Withholds Annual Forecast on Tariff Uncertainty Luxury retailer Canada Goose has recently made headlines by choosing to withhold its annual forecast due to ongoing uncertainty surrounding tariffs. This decision comes on the heels of the parka maker reporting strong quarterly sales, which resulted in a notable 13 percent increase in its […]
With Financing Push, Saks Global Looks to Buy Some Time
With Financing Push, Saks Global Looks to Buy Some Time Luxury retail giant Saks Global is making headlines once again, this time for securing a deal to infuse a staggering $500 million in new financing. This move comes as a strategic effort to stave off an imminent reckoning that has been looming over the brand […]
Mytheresa Reports Slower Sales Growth
Mytheresa Reports Slower Sales Growth Mytheresa, the renowned German e-tailer, has been navigating through a period of slower sales growth, facing challenges that have put its ability to outperform the broader luxury market to the test. Despite its aspirations to solidify its position as a leader in online luxury retail, the company encountered uncertainty in […]