Luxury Sector Faces More Gloom as Bain Cuts Sales Forecast The luxury sector, known for its resilience in the face of economic downturns, is now experiencing a significant blow as consultancy Bain & Co slashes its sales forecast for the year. The renowned consultancy has predicted a global decline in luxury goods sales ranging from […]
Mytheresa Reports Slower Sales Growth
Mytheresa Reports Slower Sales Growth Mytheresa, the renowned German e-tailer, has been navigating through a period of slower sales growth, facing challenges that have put its ability to outperform the broader luxury market to the test. Despite its aspirations to solidify its position as a leader in online luxury retail, the company encountered uncertainty in […]
It’s Not Just Secondhand Retailers That Have a Counterfeit Problem
It’s Not Just Secondhand Retailers That Have a Counterfeit Problem Counterfeit products are not a new phenomenon in the retail industry, but their presence is becoming increasingly prevalent in the world of luxury e-commerce. As more consumers turn to online platforms to purchase high-end goods, the risk of falling victim to counterfeit items has escalated. […]
‘Trade War TikTok’ Takes Aim at Luxury
“Trade War TikTok” Takes Aim at Luxury In the midst of the ongoing trade war between the United States and China, a new player has entered the scene: TikTok. This social media platform, known for its viral dance challenges and comedic skits, has now become a battleground for Chinese creators aiming to disrupt the luxury […]
Capri Aims to Revive Michael Kors With Lower Prices, Amazon E-Commerce Sales
Capri Holdings, the parent company of renowned fashion brands such as Michael Kors and Versace, is set to make a strategic shift in its business approach. Following the sale of Versace to Prada, Capri Holdings is now focusing on revitalizing Michael Kors by targeting mid-tier pricing and embracing e-commerce through a partnership with Amazon. This […]
Report: Prada to Decide on Versace Deal This Week
Report: Prada to Decide on Versace Deal This Week Luxury fashion giants Prada and Versace are making headlines this week as reports suggest a potential takeover deal in the works. Speculations are rife that Prada is gearing up to acquire Versace in a deal that could be announced as early as Thursday. The deal, which […]
Goldman Sachs to Lead €2.5 Billion Financing for Prada-Versace Deal
Goldman Sachs to Lead €2.5 Billion Financing for Prada-Versace Deal In the fast-paced world of high-end fashion mergers and acquisitions, the latest buzz surrounds the €2.5 billion financing deal led by Goldman Sachs for the Prada-Versace acquisition. This significant financial maneuver has caught the attention of industry insiders and financial analysts alike, with €1.5 billion […]
Estée Lauder Faces US Legal Challenge Over China Sales Practices
Estée Lauder Faces US Legal Challenge Over China Sales Practices Estée Lauder, a renowned name in the beauty and skincare industry, is currently grappling with a legal challenge in the United States over its sales practices in China. The company, known for its high-quality products and global presence, has come under scrutiny following a government […]
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 […]
Why Aren’t Luxury Brands Signing India’s Cricketers?
Why Luxury Brands Hesitate to Sign India’s Cricketers In the world of sports, few athletes hold as much influence over their fans as cricketers in India. With a massive fan following and a revered status in the country, these sportsmen have the potential to be powerful marketing vehicles for global luxury fashion brands. However, despite […]