Kering Sells Italian Luxury Outlets to Alleviate Debt In a strategic move to alleviate debt and streamline its operations, the French luxury conglomerate Kering has recently announced the sale of its Italian luxury outlets. This decision is expected to bring in a substantial sum of €350 million, further solidifying Kering’s position in the ever-competitive luxury […]
This Week: Luxury’s Reality Check
Luxury’s Reality Check: LVMH Fourth-Quarter Results Awaited with Bated Breath Luxury conglomerate LVMH, home to prestigious brands like Louis Vuitton, Dior, and Moët & Chandon, is set to release its fourth-quarter results. The stakes are high as industry insiders eagerly anticipate whether the report will confirm signs of a rebound in the luxury sector or […]
After Viral ‘Wirkin,’ Walmart Inks Partnership With Luxury Reseller Rebag
Luxury Goes Mainstream: Walmart’s Partnership with Rebag Offers High-End Fashion Finds to the Masses In a surprising move that has the fashion world buzzing, retail giant Walmart has recently announced a groundbreaking partnership with luxury reseller Rebag. This collaboration promises to bring thousands of pre-owned Hermès, Chanel, and Louis Vuitton accessories to Walmart’s online marketplace, […]