Italian Manufacturers Call for Transparency in Luxury Sourcing Practices Trade group Confindustria Moda has recently made a bold call to action within the luxury industry. As major brands continue to face scandals related to illegal sweatshops outside Milan, the organization is urging for a ‘concrete dialogue’ on cost targets and contract terms. This move highlights […]
This Week: What’s Ailing Louis Vuitton?
Troubleshooting Louis Vuitton: Analyzing the Decline of LVMH’s Flagship Brand Louis Vuitton, the iconic luxury brand under the umbrella of LVMH, has long been a symbol of status, sophistication, and style. However, recent reports indicate that all may not be well within the world of LV. As LVMH gears up to announce another quarter of […]
UK’s Mulberry Raises $27 million From Top Investors As Revenue Drops
UK’s Mulberry Secures $27 Million Funding From Leading Investors Amid Revenue Decline In a strategic move to navigate through challenging times, the renowned British luxury brand, Mulberry, has successfully raised $27 million from top investors. This infusion of funds comes at a crucial juncture for the company as it grapples with a noticeable decline in […]
Why Jewellery Feels Like a Better Deal Than a Handbag
Why Jewellery Feels Like a Better Deal Than a Handbag In the world of luxury goods, the age-old debate of whether to invest in jewellery or handbags continues to intrigue fashion enthusiasts and investors alike. However, recent trends suggest that jewellery may be taking the lead as the better investment option. While both jewellery and […]
Luxury Counterfeiters Are Outsmarting the Industry
Luxury Counterfeiters Are Outsmarting the Industry In the world of luxury goods, authenticity has always been a key selling point. The allure of owning a genuine designer handbag or a Swiss-made watch is not just about the item itself but also about the prestige and quality that come with it. However, as purveyors of secondhand […]
LVMH Relinquishes Place Among Europe’s Top Five Biggest Stocks
LVMH Relinquishes Place Among Europe’s Top Five Biggest Stocks LVMH, the luxury goods giant based in France, has long been a prominent player in the European stock market. However, recent developments have seen the conglomerate’s position among the top five biggest stocks in Europe falter. The company’s shares experienced a notable decline of 3 percent […]
Swiss Watch Industry Sees Tough Times Ahead Over Trump Tariffs
Swiss Watch Industry Faces Challenges Amidst Trump Tariffs The Swiss watch industry, known for its precision, craftsmanship, and timeless elegance, is currently facing turbulent times ahead. The recent announcement by President Trump of imposing significant tariffs on goods from Switzerland, as well as from the European Union, has sent shockwaves through the luxury market. The […]
Op-Ed | Should LVMH Split Up?
Op-Ed | Should LVMH Split Up? The luxury goods industry has always been a fascinating realm, with its blend of opulence, prestige, and financial intricacies. In recent times, the idea of LVMH splitting up has been circulating within the business world, particularly the prospect of spinning off Moët Hennessy. This proposition has sparked debates and […]
Canada Goose Trims Annual Profit Forecast on Dipping China Demand
Canada Goose Trims Annual Profit Forecast on Dipping China Demand Canada Goose, the renowned luxury outerwear brand, recently made headlines as it announced a reduction in its annual profit forecast due to weakening demand in China. This decision comes amidst a backdrop of weak consumer spending in the region, exacerbated by factors such as youth […]
Richemont’s Sales Soar 10%
Richemont’s Sales Soar 10%: A Promising Sign for the Luxury Goods Market In the realm of luxury goods, few names hold as much weight as Richemont. The Swiss conglomerate, known for its prestigious brands such as Cartier, Montblanc, and Piaget, has long been a barometer for the health of the high-end market. So when news […]