The luxury fashion industry faces significant turbulence, a reality starkly illustrated by Isabel Marant’s recent sales report. The brand, known for its distinct Parisian chic, has seen its bonds hit a record low after reporting substantial declines in revenue. With a notable 31% drop in sales to wholesalers and online clients, the company experienced an […]
Swiss Watch Exports Plunge as Chinese Demand Dries Up
In a significant blow to the luxury watch market, Swiss watch exports saw a staggering decline of 12.4% in September 2024, marking a troubling trend for an industry once considered resilient against economic fluctuations. The primary catalyst for this downturn is a notable 50% drop in shipments to China, a country that has been a […]