The Future of Luxury Sector: Bain’s Forecast Reveals Soft Consumption Trends Luxury consumption is an integral component of the global economy, representing a blend of exquisite craftsmanship, exclusivity, and prestige. However, according to the latest projections from Bain & Company, a renowned management consulting firm, the luxury sector is poised to experience a continued decline […]
Kering Facing Drop in US Consumption, CEO says
Kering Facing Drop in US Consumption, CEO says Kering, the luxury fashion conglomerate and owner of renowned brands like Gucci, Balenciaga, and Saint Laurent, is currently navigating through a challenging period as the company grapples with a significant decrease in consumption in the United States. The chief executive of Kering, Francois-Henri Pinault, recently highlighted the […]
Tougher Action Against Crypto Miners in Russia’s Dagestan
In recent months, authorities in Dagestan, a republic within Russia, have intensified their crackdown on illegal cryptocurrency mining operations. This decisive action comes in response to alarming reports of significant energy consumption associated with these activities, leading to power outages that have affected local communities. The situation has escalated to a point where some mining […]