Adidas’ Plans for Yeezy: What We Know Adidas, the renowned German sportswear giant, has been making waves in the industry with its collaboration with Kanye West, the Yeezy brand. The partnership between Adidas and Yeezy has been immensely successful, with sneakers flying off the shelves as soon as they are released. However, recent reports suggest […]
Supreme Revenue Declined in Financial Year Ended March 2023
Supreme Revenue Declined in Financial Year Ended March 2023 Supreme, the iconic New York-based streetwear brand, has long been a powerhouse in the fashion industry, known for its exclusive drops, collaborations, and cult following. However, recent financial reports have revealed a decline in revenue for the year ended March 2023. According to VF Corp’s annual […]
Bernard Arnault Grapples With Biggest Slump in LVMH History
Bernard Arnault Grapples With Biggest Slump in LVMH History The luxury industry, known for its resilience and opulence, is currently facing one of its most challenging times in history. At the forefront of this struggle is Bernard Arnault, the chairman and CEO of LVMH (Moët Hennessy Louis Vuitton), the world’s leading luxury goods company. With […]
Seeking to Reduce Gucci Dependence, Kering Created a Debt Problem
Seeking to Reduce Gucci Dependence, Kering Created a Debt Problem In the world of luxury fashion, few brands command the same level of prestige and influence as Gucci, a powerhouse under the umbrella of the French conglomerate Kering. However, in recent years, Kering’s heavy reliance on Gucci for the majority of its profits has raised […]
LVMH Shares Have Lost Their Lustre
LVMH Shares Have Lost Their Lustre LVMH, the behemoth in the luxury goods sector, is currently facing a challenging period as its stock market valuation languishes at the bottom of its five-year range. Despite this downturn, investors have not been enticed back to the table, raising questions about the future trajectory of the luxury giant. […]
North America’s Oldest Firm Meets Its End. Some Argue Its Fate Was Avoidable
North America’s Oldest Firm Meets Its End. Some Argue Its Fate Was Avoidable In a surprising turn of events, Hudson’s Bay Co. ULC, North America’s oldest company, is facing its end. The company, which had previously announced plans to save six of its 96 stores from liquidation, including its iconic flagship store, has now decided […]
What’s Behind the Art Market Malaise?
What’s Behind the Art Market Malaise? The art market, known for its resilience and ability to withstand economic downturns, is currently experiencing a period of uncertainty and malaise. The fine art sector, in particular, is facing existential challenges that go far beyond the current market turbulence. According to Marc Spiegler, the Global Director of Art […]
TikTok Shop launches in France, Germany and Italy
TikTok Shop Expands to France, Germany, and Italy: A Game-Changer in EU E-Commerce The e-commerce landscape in the European Union is witnessing a significant shift with the introduction of TikTok Shop in France, Germany, and Italy. Despite facing mounting scrutiny and industry backlash, TikTok is making bold strides by integrating an in-app shopping feature, revolutionizing […]
Poland pushes ahead with tech tax despite US criticism
Poland Pushes Ahead with Tech Tax Despite US Criticism Poland is making bold moves in the realm of technology with its recent decision to implement a tech tax aimed at major tech companies. The tax is designed to target the profits of these tech giants and utilize the revenue to bolster local tech development initiatives. […]
Olaplex Sales Slide 9.8%, Specialty Retail Recovers
Olaplex Sales Slide 9.8% in Q4 as Specialty Retail Sector Recovers The biotechnology hair care company, Olaplex, recently reported a 9.8% decrease in sales, amounting to $100.7 million in its fourth-quarter earnings. This decline was primarily driven by a significant drop in professional sales. However, amidst this setback, there is a silver lining as the […]