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 […]
Nissan backs Wayve to power self-driving tech
Nissan Leads the Way in Self-Driving Technology by Backing Wayve In a groundbreaking move, Nissan has taken a significant step forward in the realm of autonomous driving technology by becoming the first global carmaker to publicly support Wayve’s cutting-edge AI software. This partnership marks a pivotal moment in the automotive industry, showcasing Nissan’s commitment to […]
Lacoste Ups Its US Ambitions With New York Flagship
Lacoste Ups Its US Ambitions With New York Flagship French sportswear brand Lacoste is making bold moves to strengthen its presence in the United States with the launch of a new flagship store in New York City. This strategic decision comes as part of Lacoste’s broader plan to drive sales growth in the US, a […]
Can Off-White Mogul Davide De Giglio Pull Off Another Big Exit?
Can Off-White Mogul Davide De Giglio Pull Off Another Big Exit? Davide De Giglio, the mastermind behind Off-White and a prominent figure in the fashion industry, is once again making headlines with his latest venture. Reports have surfaced indicating that the brand Rhode, backed by De Giglio and fronted by Hailey Bieber, is considering a […]
Prada Nears Approval of Versace Deal Despite Tariffs
Prada Nears Approval of Versace Deal Despite Tariffs The luxury fashion industry is abuzz with anticipation as Prada SpA edges closer to securing the acquisition of Versace from Capri Holdings Ltd. in a deal worth €1.25 billion ($1.4 billion). Despite the looming threat of tariffs and economic uncertainties, Prada is forging ahead, showcasing resilience and […]
Levi Strauss Beats Quarterly Sales Estimates on Steady Denim Demand
Levi Strauss Beats Quarterly Sales Estimates on Steady Denim Demand The iconic denim brand, Levi Strauss, has once again showcased its resilience in the face of economic uncertainties by surpassing quarterly sales estimates. Despite the challenges posed by the ever-changing market dynamics, Levi Strauss managed to post a remarkable 3 percent rise in reported quarterly […]
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 […]
Unilever Acquires Refillable Deodorant Brand Wild
Unilever Acquires Refillable Deodorant Brand Wild Unilever, the global personal care giant, has made a significant move in the industry by acquiring the British start-up, Wild, for a whopping £230 million. Rumors had been swirling since February about the potential acquisition, and now it has come to fruition, marking a strategic development in Unilever’s portfolio. […]
Forever 21 Proposes to Give Major Lenders Maximum 3% Recovery
Forever 21 Proposes to Give Major Lenders Maximum 3% Recovery Forever 21, the well-known fast-fashion retailer, has been making headlines recently with its bankruptcy proceedings. In a recent court filing on Friday, the company’s bankrupt US arm revealed a bold proposal that has left many major lenders scratching their heads. The proposal suggests that lenders […]