Burberry Full-Year Profit Swings to Loss but Beats Estimates Burberry, the iconic British luxury fashion house, recently reported a significant shift in its full-year profit trajectory. Despite facing challenges in the luxury goods market, Burberry managed to surpass expectations, showcasing resilience and adaptability in the face of adversity. The brand’s financial report revealed that sales […]
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 […]
Forever 21 Weighs Liquidation Ahead of Bankruptcy in Coming Days
Forever 21 Faces Potential Liquidation Amid Bankruptcy Uncertainty The fast-fashion industry has seen its fair share of ups and downs in recent years, with iconic brands either adapting to the ever-changing market or facing the harsh reality of closure. Forever 21, a prominent player in the fast-fashion retail sector, finds itself at a crossroads as […]