In a startling turn of events for the luxury beauty and fashion sector, Puig’s shares saw a substantial decline following the company’s announcement of a voluntary recall of select batches of its Charlotte Tilbury makeup setting spray. The move, described as a precautionary measure due to an isolated quality issue found during routine product testing, […]
Luxury Stocks Set for Best Week in Years as China Fuels Revival
The European luxury goods market has undergone a remarkable transformation over the past week, bouncing back from a year of decline. This sharp rebound comes on the heels of renewed investor optimism triggered by China’s commitment to ramp up economic stimulus. Just five days into this upswing, a Goldman Sachs index tracking luxury companies is […]