The recent announcement from Novo Nordisk has raised expectations regarding the future pricing of Ozempic, the widely used diabetes medication. At the Cantor Global Healthcare Conference in New York, Ulrich Otte, a senior executive at Novo, stated that Ozempic is “very likely” to be included in upcoming negotiations with the U.S. government around drug prices. […]
Hermès Stock Defensive Trade to Counter Luxury Slowdown, Exane Says
In a landscape where many luxury brands are struggling, Hermès International has emerged as a beacon of resilience, prompting analysts at BNP Paribas Exane to upgrade the luxury goods maker’s stock to an “outperform” rating. This upgrade not only reflects confidence in Hermès’s robust business model but also positions it as a defensive trade option […]
Burberry’s New CEO Pledges He Won’t Take Brand Down Market
In a bold statement aimed at both customers and critics, Joshua Schulman, the newly appointed CEO of Burberry, has confirmed his commitment to preserving the brand’s premium status. Following his recent debut at London Fashion Week, Schulman asserted that lowering Burberry’s market position is not an option; instead, he intends to refine the brand’s pricing […]
US Retail Sales Post Surprise Gain, Helped by Online Stores
In an unexpected turn for the retail sector, US retail sales saw a modest increase of 0.1 percent in August. This rise can largely be attributed to a surge in online purchases, overshadowing mixed outcomes across other retail categories and a notable downturn in receipts at gas stations. These statistics, drawn from the Commerce Department’s […]
US Retailer Holiday Hiring Set to Be Lower Than Last Year
As the holiday shopping season approaches, it seems that the U.S. retail landscape is bracing for a quieter period than anticipated. According to a recent report from Challenger, Gray & Christmas, retailers are set to hire approximately 520,000 seasonal workers this year, compared to 564,200 in 2023. This decline is indicative of a softer labor […]
JD.com Presents Asian Brands at London Fashion Week
In a significant move for the global fashion landscape, JD.com, a leading Chinese e-commerce platform, showcased prominent Asian brands at the prestigious London Fashion Week. This collaboration, facilitated through its partnership with the British Fashion Council (BFC), underscores the growing importance of Asian fashion within the global market, while simultaneously offering Western designers enhanced visibility […]
How Global Brands Tap India’s $130 Billion Wedding Market
India’s wedding market is a massive financial powerhouse, currently valued at a staggering $130 billion. This industry eclipses the American wedding sector and positions India as the largest wedding destination globally, with between 8 to 10 million ceremonies annually. Traditionally, local fashion designers and jewelers dominate this market, but a growing trend sees global luxury […]
Swiss Watchmakers Call on SNB to Act on Franc as Exports Slump
In a pressing appeal that highlights the challenges faced by the Swiss watch industry, manufacturers have urged the Swiss National Bank (SNB) to take decisive action to mitigate the appreciating value of the Swiss franc. This call comes in light of a 2.4 percent decline in watch exports in the first half of 2024, marking […]
THG Plans to Demerge Tech Arm, Focus on Beauty and Nutrition in Push for FTSE Inclusion
In a strategic move that could reshape its future, THG Plc has announced plans to demerge its technology platform, Ingenuity, to concentrate on its core business segments of beauty and nutrition. This decision is a significant step aimed at enhancing the company’s share price and improving its standing within the stock market, particularly in relation […]
i-D Magazine Appoints Thom Bettridge Editor in Chief
The landscape of fashion media continues to shift, and with it, the leadership of some of its most iconic titles. The latest move that has caught the attention of industry insiders is the appointment of Thom Bettridge as editor-in-chief and chief brand officer of i-D Magazine. This substantial change, initiated by publisher Bedford Media, marks […]