Luxury Brands Turn On the Charm in China to Kindle Spending Recovery In the realm of luxury brands, China has long been a coveted market, with its burgeoning middle class and appetite for high-end goods. However, the landscape is shifting as companies are now turning their attention from rapid expansion to deeper engagement with wealthy […]
Hermès Sees ‘Very Slight’ China Improvement as Q3 Sales Rise 9.6%
Hermès Sees ‘Very Slight’ China Improvement as Q3 Sales Rise 9.6% French luxury brand Hermès has recently reported a 9.6% increase in sales for the third quarter of the year, indicating a promising trajectory for the iconic fashion house. Despite ongoing challenges in the global market, Hermès has managed to navigate the uncertainties and deliver […]
Why Kering Gave Up on Beauty
Why Kering Gave Up on Beauty In the realm of luxury, Kering has long been a powerhouse, boasting an impressive portfolio of renowned fashion brands such as Gucci, Saint Laurent, and Balenciaga. However, despite its success in the world of high fashion, the French conglomerate recently made a surprising decision to step back from its […]
Valentino in Talks With Banks as Luxury Drop Prompts Debt Breach
Valentino in Talks With Banks as Luxury Drop Prompts Debt Breach The luxury fashion industry has been facing unprecedented challenges in the wake of the global pandemic, with even the most prestigious brands feeling the strain. One such brand is the iconic Italian fashion house Valentino, which has found itself in a precarious position as […]
LVMH Bets on South Korea to Spur Growth on US, China Uncertainty
LVMH Boosts Presence in South Korea Amid US-China Trade Uncertainty The global luxury conglomerate LVMH, home to renowned fashion and lifestyle brands such as Louis Vuitton and Christian Dior, is strategically setting its sights on South Korea to drive growth amidst the uncertain trade landscape between the United States and China. In a bold move […]
Inside Kering’s Changing of the Guard
Inside Kering’s Changing of the Guard French luxury conglomerate Kering, known for its iconic brands such as Gucci, Saint Laurent, and Balenciaga, is undergoing a significant leadership transition. Earlier this year, Marco Bizzarri stepped down as the CEO of Gucci, a key brand under the Kering umbrella, and was replaced by Jean-Marc Duplaix. This move […]
Sotheby’s to Bring Auction Series to Abu Dhabi, Eying Local Rich
Sotheby’s to Bring Auction Series to Abu Dhabi, Eying Local Rich Sotheby’s, the renowned auction house, is set to make waves in Abu Dhabi as it gears up to launch its first auction series in the emirate this December. This strategic move comes at a time when Abu Dhabi is positioning itself as a key […]
LuisaViaRoma Files for Court Protection Amid Deepening Financial Strain
LuisaViaRoma: Navigating Financial Turbulence Through Court Protection LuisaViaRoma, the renowned Florence-based luxury retailer, has recently made headlines as it filed for court protection amidst a challenging financial landscape. The company, known for its exquisite fashion offerings and impeccable service, is facing the repercussions of unpaid bills and a significant decline in sales. In a strategic […]
Amouage Sales Reach $200 Million in First Half of 2025
Amouage Sales Reach $200 Million in First Half of 2025 Amouage, the renowned Omani luxury fragrance brand, has once again demonstrated its dominance in the global market by achieving a remarkable milestone. In the first half of 2025, the company’s sales skyrocketed to an impressive $200 million, marking a significant 60 percent increase compared to […]
Watches of Switzerland Tumbles After Trump’s 39 percent Tariff Salvo
Watches of Switzerland Tumbles After Trump’s 39 percent Tariff Salvo The world of luxury timepieces is feeling the heat as Watches of Switzerland, the renowned retailer of Rolex and other Swiss watches, experiences a significant setback. Following President Trump’s bold move to impose a hefty 39 percent tariff on Swiss watches, the company’s shares have […]