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 […]
Can Hong Kong Reclaim Its Luxury Crown?
Can Hong Kong Reclaim Its Luxury Crown? Hong Kong, once hailed as the epitome of luxury shopping in Asia, is facing tough competition from rival shopping hubs and a dwindling reputation as a regional gateway for big spenders. However, despite these challenges, fashion and jewelry brands in the city are not backing down. Instead, they […]
Pinaults’ Artemis Says Not Facing Financial Strain Despite Kering Woes
Pinaults’ Artemis Says Not Facing Financial Strain Despite Kering Woes Artemis, the holding company of the Pinault family, has recently made headlines with reassuring news amidst concerns over its financial health. Despite a noticeable increase in standalone debt, Artemis has swiftly moved to dispel any notions of financial strain, citing the spike in debt as […]
For Retailers, US-Vietnam Trade Deal Leaves Questions
For Retailers, US-Vietnam Trade Deal Leaves Questions The recent implementation of new US tariffs on Vietnamese imports has sent shockwaves through the retail industry, leaving sportswear and clothing giants like Nike and Adidas grappling with uncertainty. The trade deal between the United States and Vietnam, once seen as a beacon of hope for affordable manufacturing […]
Nike CEO John Donahoe to Step Down
Nike CEO John Donahoe to Step Down Nike, the iconic sportswear giant, is undergoing a significant leadership change as CEO John Donahoe steps down. Donahoe, who took the helm in January 2020, has faced challenges during his tenure, and now will be succeeded by Elliott Hill, a seasoned veteran of the company. Hill, who retired […]
Lagardère Travel Retail Reports 60% Drop In Global Revenues, but China Outperforms
Lagardère Travel Retail Reports 60% Drop In Global Revenues, but China Outperforms The impact of the global pandemic on the retail industry has been profound, with many companies experiencing significant losses in revenue. Lagardère Travel Retail, a French travel retailer known for its partnerships with luxury brands such as Bottega Veneta, Gucci, and Tiffany, recently […]
Boris Bidjan Saberi Is Shutting Down Operations
Boris Bidjan Saberi Is Shutting Down Operations In a surprising turn of events, the eponymous Barcelona-based avant-garde menswear label, Boris Bidjan Saberi, has confirmed that it has ceased operations. This news has sent shockwaves through the fashion industry, leaving many wondering about the reasons behind this unexpected decision. Boris Bidjan Saberi, known for its distinctive […]
With Financing Push, Saks Global Looks to Buy Some Time
With Financing Push, Saks Global Looks to Buy Some Time Luxury retail giant Saks Global is making headlines once again, this time for securing a deal to infuse a staggering $500 million in new financing. This move comes as a strategic effort to stave off an imminent reckoning that has been looming over the brand […]
Hand Creams and Sanitisers Became a Beauty Status Symbol
Hand Creams and Sanitisers Became a Beauty Status Symbol In the world of beauty and self-care, hand creams and sanitisers have emerged as unexpected yet essential items, transforming from mere functional products to coveted beauty status symbols. The recent explosion in the hand care category’s popularity not only highlights the shifting consumer preferences but also […]
South Korean court reinstates Han Duck-soo as acting president
South Korean Court Reinstates Han Duck-soo as Acting President In a recent turn of events, a South Korean court ruling has brought Han Duck-soo back into the spotlight as the acting president of the nation. This decision comes at a crucial time, amidst political chaos and economic concerns that have been plaguing the country in […]