Birkenstock Plans Price Hikes to Offset Tariffs, Sees Strong Demand The iconic footwear brand, Birkenstock, is gearing up to implement a strategic move in response to the recent 10% US tariff on EU goods. The company has announced its decision to raise prices on a global scale, a bold strategy aimed at mitigating the impact […]
Italian Luxury Supplier Plans Creditor Talks As Demand Slows
Italian Luxury Supplier Plans Creditor Talks As Demand Slows Altofare Group, the umbrella organization that manages a consortium of Italian luxury suppliers, is currently facing a challenging period as demand for high-end products slows down globally. In response to this economic downturn, the group has taken a proactive step by enlisting the services of tax […]
P&G Reports Weak Sales Growth on Lower Beauty Demand
In a challenging economic landscape, Procter & Gamble Co. (P&G) has reported lackluster financial results once again. The company recorded a mere 2 percent rise in organic sales for the fiscal first quarter ending on September 30, falling short of analysts’ expectations of 2.1 percent growth. This marks the second consecutive quarter of slow sales […]