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 […]
Kering Facing Drop in US Consumption, CEO says
Kering Facing Drop in US Consumption, CEO says Kering, the luxury fashion conglomerate and owner of renowned brands like Gucci, Balenciaga, and Saint Laurent, is currently navigating through a challenging period as the company grapples with a significant decrease in consumption in the United States. The chief executive of Kering, Francois-Henri Pinault, recently highlighted the […]
The Hong Kong Opportunity for Global Brands
The Hong Kong Opportunity for Global Brands Hong Kong, a bustling metropolis known for its vibrant culture and thriving business environment, is gearing up to become a key player in the global fashion and luxury sector. With the launch of the Hong Kong Fashion Fest, the city aims to solidify its position as a premier […]