As Singles’ Day approaches, the anticipated results from China’s e-commerce giants remain murky, raising concerns among investors and analysts alike. For the second consecutive year, the country’s leading online retailers, Alibaba and JD.com, have refrained from disclosing their gross merchandise value (GMV) or the number of transactions for this hallmark shopping festival. Such omissions foster […]
The Debrief | Inside Luxury’s Slowdown
The luxury sector is witnessing a noticeable downturn after enjoying nearly a decade of robust growth. Esteemed brands such as Louis Vuitton, Gucci, and Chanel have significantly raised their prices, often with consumers willing to pay, until recently. However, recent quarterly reports paint a different picture. Companies are experiencing disappointing revenues, prompting a deeper examination […]
How Anastasia Beverly Hills Lost Its Footing
Anastasia Beverly Hills (ABH) has long been a powerhouse in the beauty industry, renowned for its brow products and high-glam marketing strategies. However, recent developments paint a picture of a brand struggling to maintain its prior glory. Once valued at $3 billion and the darling of influencers and beauty enthusiasts alike, the company is now […]
Ethereum from PlusToken Ponzi Scheme Set to be Sold
In a significant turn of events for the cryptocurrency market, approximately $1.3 billion worth of Ethereum (ETH) that was seized as part of the PlusToken Ponzi scheme is expected to soon hit exchanges. This move follows the dismantling of the PlusToken scheme in China back in 2019, which saw thousands of investors lose their money. […]