TSMC-Intel Investment Rumours Unconfirmed by Taiwan’s Economy Ministry Speculation has been rife in the tech industry recently regarding a potential investment partnership between Taiwan Semiconductor Manufacturing Company (TSMC) and Intel. However, Minister Kuo Jyh-huei of Taiwan’s economy ministry has declined to comment on these rumors, stating that no formal notification has been received from TSMC […]
Consumers ‘Under Attack’ Are Pulling Back, Wrangler Maker Says
Consumers ‘Under Attack’ Are Pulling Back, Wrangler Maker Says The retail industry is experiencing a seismic shift as consumers are feeling the squeeze on their wallets. Kontoor Brands, the maker of iconic denim brand Wrangler, recently sent shockwaves through the market with its somber outlook for 2025. The company’s shares plummeted by as much as […]
Trump Tariffs Would Test Luxury’s Pricing Power
Trump Tariffs Would Test Luxury’s Pricing Power The looming threat of Trump tariffs has once again put the luxury industry in the spotlight, with executives at renowned fashion houses such as Hermès and Kering expressing their strategies to navigate potential challenges. The recent statements from these industry giants shed light on the delicate balance between […]
Hermès Sales Accelerate, Raising Hopes for China Turnaround
Hermès Sales Accelerate, Raising Hopes for China Turnaround The renowned luxury brand Hermès has recently reported a significant surge in revenue, marking an 18 percent increase at year-end. This positive development has sparked optimism among investors and industry experts, particularly due to the notable sales growth in China. The country’s previously sluggish economy had been […]
Versace Parent Capri Says Turnaround to Take a Year
Versace Parent Capri Says Turnaround to Take a Year Capri Holdings, the parent company of renowned fashion houses Michael Kors, Versace, and Jimmy Choo, has recently announced that it anticipates a year-long turnaround to restore its financial standing. Despite the high expectations surrounding the luxury brands under its umbrella, Capri Holdings foresees fiscal 2025 revenue […]
Estée Lauder Knows How to Cut Costs. Can It Also Rebuild Growth?
Estée Lauder: Streamlining for Success Estée Lauder Companies Inc., a global powerhouse in the beauty industry, has recently made headlines with its strategic moves to cut costs and restructure its operations. In Tuesday’s second-quarter earnings report, the conglomerate revealed its plans to streamline the business further, including additional job cuts and corporate restructuring. While these […]
Zegna Group Returns to Growth in Fourth Quarter
Ermenegildo Zegna Group Returns to Growth in Fourth Quarter Italian luxury fashion house Ermenegildo Zegna Group has made a remarkable comeback, showcasing a return to growth in the fourth quarter. This resurgence comes as a beacon of hope and resilience in the challenging landscape of the fashion industry, marking a significant milestone for the renowned […]
LG Energy Solution reports loss and cuts investment
LG Energy Solution Reports Loss and Cuts Investment The electric vehicle (EV) industry has been experiencing rapid growth in recent years, with major players like LG Energy Solution investing heavily in battery technology to meet the increasing demand for electric vehicles. However, the landscape has taken an unexpected turn as LG Energy Solution recently reported […]
Kering Sells Majority Stake in Three Paris Properties to Ardian
Kering’s Strategic Move: Selling Majority Stake in Three Paris Properties to Ardian In a strategic business decision, Kering, the renowned French luxury group, has recently announced the sale of a majority stake in three of its prestigious Paris properties to Ardian, a leading global investment company. This significant transaction marks the beginning of a new […]
Abercrombie Shares Drop Despite Strong Holiday Sales
Abercrombie Shares Drop Despite Strong Holiday Sales Abercrombie & Fitch, the renowned American retailer, has recently faced a setback as its shares took a dip by 7.4 percent in Monday’s premarket trading session in New York. This decline comes as a surprise considering the company’s impressive performance in the past year, where its shares witnessed […]