Op-Ed | Should LVMH Split Up? The luxury goods industry has always been a fascinating realm, with its blend of opulence, prestige, and financial intricacies. In recent times, the idea of LVMH splitting up has been circulating within the business world, particularly the prospect of spinning off Moët Hennessy. This proposition has sparked debates and […]
The Retailers Unlocking Africa’s Luxury Market
The Retailers Unlocking Africa’s Luxury Market The African continent has long been a target for global luxury brands looking to expand their reach and tap into the growing consumer market. Traditionally, these brands have focused on establishing a presence in key markets such as South Africa, Nigeria, and Morocco through multi-brand stores. However, a shift […]
Birkenstock Sales Jump On High-End Clog Boom, Asia Expansion
Birkenstock Sales Jump On High-End Clog Boom, Asia Expansion Birkenstock, the renowned sandal-maker, has recently made waves in the fashion industry with a remarkable 19 percent increase in sales. This surge in revenue can be attributed to the soaring demand for its iconic footwear, particularly the high-end clogs that have become a staple among fashion-forward […]
Richemont’s Market Cap Surpasses CHF100 Billion
Richemont’s Market Cap Surpasses CHF100 Billion Switzerland’s luxury powerhouse, Richemont, has been making waves in the financial world as its market capitalization recently exceeded a staggering CHF100 billion. This achievement comes on the back of a remarkable six-day streak of share price increases following the company’s outstanding sales performance during the holiday shopping season. The […]
Fosun’s Jewellery Unit Shanghai Yuyuan Considers Second Listing in Hong Kong
Fosun’s Jewellery Unit Shanghai Yuyuan Considers Second Listing in Hong Kong The renowned jewellery unit of Fosun Group, Shanghai Yuyuan, is contemplating a second listing in Hong Kong. This strategic move comes as the Shanghai-listed company, which shares an owner with Lanvin Group, aims to potentially raise over $300 million through this offering, according to […]