Puig’s Fragrance and Fashion Divisions Drive Growth Despite Makeup Business Losses Puig, the renowned Spanish conglomerate, has recently reported an impressive 8% increase in sales during the first quarter of 2025. This growth comes on the heels of a challenging period for the company, marked by losses in its makeup business. However, Puig managed to […]
Tariff pressure weakens demand for Intel’s AI chips
Tariff Pressure Weakens Demand for Intel’s AI Chips In the ever-changing landscape of the tech industry, economic uncertainty has become a significant factor in consumer behavior and market trends. Recently, this uncertainty has manifested in a rather unexpected way for Intel – one of the giants in the semiconductor industry. The demand for their newer […]
Louis Vuitton Raises Price on Popular US Bag Following New Trump Tariffs
Louis Vuitton’s Strategic Move: Price Increase on Popular US Bag Amid New Trump Tariffs In the realm of luxury fashion, few names evoke as much prestige and allure as Louis Vuitton. Renowned for its timeless elegance and impeccable craftsmanship, the French fashion house has long been a symbol of status and sophistication. However, recent developments […]
Do Beauty Brands Need Sample Sales?
Do Beauty Brands Need Sample Sales? In the ever-competitive world of beauty brands, the question of whether sample sales are a necessary strategy has been a topic of debate. Drawing inspiration from the fashion industry, beauty brands have started to adopt the concept of limited-time shopping events to clear excess inventory and generate buzz among […]
Temu and Shein to raise US prices due to new tariffs
Temu and Shein Forced to Increase Prices as US Imposes Up to 145% Tariffs The landscape of retail is undergoing significant shifts as low-cost giants like Temu and Shein are compelled to rethink their pricing strategies in response to the revised US trade rules. The imposition of tariffs reaching up to 145% has sent shockwaves […]
The BoF Podcast | Tory Burch and Pierre-Yves Roussel on Building a Global Brand with Local Relevance
The BoF Podcast | Tory Burch and Pierre-Yves Roussel on Building a Global Brand with Local Relevance In the ever-changing landscape of the fashion industry, building a global brand that resonates locally is a challenge that many designers and CEOs face. Tory Burch, the renowned designer, and Pierre-Yves Roussel, CEO, recently sat down with BoF […]
‘Trade War TikTok’ Takes Aim at Luxury
“Trade War TikTok” Takes Aim at Luxury In the midst of the ongoing trade war between the United States and China, a new player has entered the scene: TikTok. This social media platform, known for its viral dance challenges and comedic skits, has now become a battleground for Chinese creators aiming to disrupt the luxury […]
LVMH Perfumes and Cosmetics Revenue Declines 1%
LVMH Perfumes and Cosmetics Revenue Declines 1% In the ever-competitive world of luxury goods, even the giants can face challenges. Recently, LVMH, the renowned luxury conglomerate, experienced a slight dip in its Perfumes and Cosmetics division revenue. In 2025, the beauty arm of the company saw a 1% decline in revenue, a surprising turn of […]
LVMH Sales to Test Luxury Investors’ Nerves After Tariff Pain
LVMH Sales to Test Luxury Investors’ Nerves After Tariff Pain The luxury industry is facing a challenging time as the impact of tariffs continues to ripple through the market. This turmoil is evident in the luxury stocks index compiled by Goldman Sachs Group Inc., which has seen a significant drop of over $200 billion from […]
Opinion: What Luxury Can Learn From the Art World’s Miserable Year
Opinion: What Luxury Can Learn From the Art World’s Miserable Year The year 2024 has been nothing short of tumultuous for the art world, with the market experiencing a rollercoaster of highs and lows. While sales of top-priced artworks slowed down, there was a surprising surge in demand for more accessible pieces. This shift in […]