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 […]
What Next for Mike Ashley’s Patchwork Retail Empire?
The Uncertain Future of Mike Ashley’s Diverse Retail Kingdom Mike Ashley, the charismatic and often controversial figure behind the Frasers Group, has recently faced a series of setbacks that have cast a shadow of uncertainty over his retail empire. From being ousted from the prestigious FTSE 100 index to grappling with slashed profit forecasts, not […]
Ferragamo Parts Ways With CEO Marco Gobbetti
Ferragamo Parts Ways With CEO Marco Gobbetti Italian luxury fashion house Salvatore Ferragamo has announced the departure of CEO Marco Gobbetti next month, after just over three years at the helm. Gobbetti’s tenure was marked by challenges as the brand struggled to curb sliding sales, with shares plummeting by a staggering 66 percent during his […]