In a strategic move that highlights the growing interest in functional luxury, LVMH’s luxury venture fund has taken a minority stake in Norwegian luggage brand Db Bags, originally launched as Dochebags. This investment is one of the latest initiatives by LVMH to diversify its portfolio and penetrate deeper into the travel accessories segment. It marks […]
Vietnam Suspends Temu Operations for Missing Deadline to Register
In a significant turn of events, Vietnam’s trade ministry announced the suspension of operations for the Chinese online retailer Temu. The decision follows Temu’s failure to meet the business registration deadline set at the end of November. This move reflects growing apprehensions among local businesses and regulatory authorities regarding the consequences of aggressive pricing strategies […]
What’s Behind Beauty’s Charm Obsession
In the competitive landscape of the beauty industry, brands are increasingly turning their attention towards a captivating trend: charms. No longer limited to traditional jewelry or décor, these eye-catching accessories are now being integrated into beauty products, enabling customers to personalize their purchases in novel and engaging ways. As this charm obsession takes the market […]
Watches of Switzerland Shares Rise on Signs of Improving Demand
The Watches of Switzerland Group Plc has recently seen a notable improvement in its share price, climbing as much as 8.5 percent during London trading. This rise follows encouraging sales figures from the company, the largest seller of Rolex watches in Britain, as it reported growth in its fiscal second quarter. Despite these gains, the […]
FashionValet Founders Charged After Wealth Fund Losses
The recent charges against Vivy Yusof and Fadzarudin Shah Anuar, the co-founders of FashionValet, highlight significant issues within the intersection of business ethics and social media influence. Malaysian prosecutors have accused the couple of criminal breach of trust, stemming from alleged financial mismanagement that resulted in notable losses for government-linked investment firms. Both influencers, renowned […]
Coty Wins Swarovski Beauty License
In a significant strategic move, Coty Inc. has secured a long-term licensing agreement with Swarovski, the renowned Austrian crystal maker celebrated for its shimmering jewelry and artful home decor. This partnership marks Coty’s latest addition to its growing portfolio of fragrance licenses, which already includes established brands such as Hugo Boss, Tiffany & Co., and […]
Why Fashion Needs the Art World More Than Ever
Art Basel Miami Beach has solidified its status as a crucial junction for luxury brands looking to connect with affluent consumers. This year’s edition, showcasing a lineup rich in artist collaborations and brand activations, comes at a pivotal moment for the fashion industry, which has faced considerable challenges in recent times. The art market is […]
Ralph Lauren: Selling a Dream at Every Price
Ralph Lauren is renowned for its ability to create a luxurious lifestyle brand experience that transcends the mere sale of clothing. This iconic American brand continues to see rising sales figures even as consumers become increasingly vocal about high prices. In a recent interview, CEO Patrice Louvet detailed how Ralph Lauren’s innovative pricing and merchandising […]
PVH Corp. Beats 3Q Revenue Estimates, Maintains Full-Year Guidance
PVH Corp., the parent company of renowned brands Calvin Klein and Tommy Hilfiger, has navigated a challenging landscape in its third quarter (3Q), posting revenue of $2.26 billion. While this reflects a 5% decline year-on-year, it nevertheless exceeds expectations of a 6% to 7% decrease. This slight outperformance gives investors a glimmer of hope amid […]
TikTok Shop Triples Black Friday Sales, Topping $100 Million
In an impressive display of consumer engagement, TikTok Shop reported a remarkable achievement this past Black Friday, tripling its shopping sales in the United States to surpass $100 million. This surge in sales not only underscores the growing popularity of TikTok as a shopping platform but also illustrates the resilience of the app amidst significant […]