Report: LVMH in Talks to Offload Marc Jacobs In a recent development reported by the Wall Street Journal, luxury conglomerate LVMH is currently in discussions to offload the iconic fashion brand Marc Jacobs. The group has been engaged in talks with several potential buyers, with names such as Authentic Brands, Bluestar Alliance, and WHP Global […]
LVMH Slide Signals No Quick End to Big Luxury’s Malaise
LVMH Slide Signals No Quick End to Big Luxury’s Malaise The luxury industry has hit a rough patch, with LVMH, the sector bellwether, recently announcing a steep sales decline in its core fashion and leather goods division. This division is home to iconic brands like Louis Vuitton and Dior, making it a key indicator of […]
US agencies warn of rising Interlock ransomware threat targeting healthcare sector
Rising Interlock Ransomware Threat Targets Healthcare Sector In recent warnings issued by US agencies, the Interlock ransomware threat has been highlighted as a significant concern for the healthcare sector. This malicious software has been cunningly disguised as Chrome and Edge installers, leading to the spread of ransomware through drive-by downloads. The implications of such an […]
Opinion | When Will Luxury’s Perfect Storm Pass?
Opinion | When Will Luxury’s Perfect Storm Pass? The luxury sector has been facing turbulent times, with the pandemic wreaking havoc on consumer spending and global supply chains. However, according to Andrea Felsted, a seasoned industry expert, the storm may be closer to passing than initially anticipated. In her recent analysis, Felsted suggests that while […]
Century-old virus sample helps decode deadliest influenza pandemic in history
Century-old Virus Sample Helps Decode Deadliest Influenza Pandemic in History Scientists have “reconstructed” the genome of the 1918–1920 influenza virus, using a sample from a long-forgotten and seemingly innocuous source: a century-old sample preserved in a medical museum. This groundbreaking research sheds light on one of the most devastating pandemics in human history, commonly known […]
UN leaders chart inclusive digital future at WSIS+20
UN Leaders Chart Inclusive Digital Future at WSIS+20 As global crises continue to escalate and technology advances at breakneck speed, the need for inclusive digital transformation has never been more urgent. In response to these challenges, UN leaders have come together at the World Summit on the Information Society +20 (WSIS+20) to chart a path […]
River Island Plans to Close 33 Stores, Putting Hundreds of Jobs at Risk
River Island Plans to Close 33 Stores, Putting Hundreds of Jobs at Risk British fashion retailer River Island has recently announced its decision to close 33 stores, a move that could potentially put hundreds of jobs at risk. The company’s CEO, Ben Lewis, stated that despite the closures, they would strive to minimize job losses […]
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 […]
Does the Fashion Industry Need to Travel as Much as It Does?
Fashion Industry’s Travel Dependency: Rethinking the Need in Light of the Pandemic The fashion industry, known for its glitz, glamour, and jet-setting lifestyle, has come face to face with a harsh reality in the wake of the escalating coronavirus pandemic. As mandatory travel bans ground flights and halt in-person meetings, industry executives and creatives are […]
British Luxury Exports to EU Lag Due to Brexit, Lobby Group Says
British Luxury Exports to EU Lag Due to Brexit, Lobby Group Says The impact of Brexit on the UK’s luxury exports to the European Union has been a point of concern for many in the industry. According to the prestigious British luxury goods lobby group, Walpole, shipments of UK designer goods to the EU have […]