US Raises Charges on Small Parcels, Targeting Chinese Retailers In a recent move by President Trump, tariffs on small parcels that were previously exempt from taxes have been raised significantly to 90 percent. This decision has sent shockwaves through the retail industry, especially impacting Chinese retailers who heavily rely on shipping small parcels to the […]
Trump’s 25% tariff triggers Audi, Jaguar Land Rover, Stellantis to halt US shipments
Trump’s 25% Tariff Forces Audi, Jaguar Land Rover, Stellantis to Halt US Shipments The automotive industry is currently facing a significant challenge due to the recent implementation of a 25% tariff by the Trump administration. This decision has forced major car manufacturers, including Audi, Jaguar Land Rover, and Stellantis, to take drastic measures to navigate […]
Hugo Boss Warns of Weaker Demand in US and China, Risks From Tariffs
Hugo Boss Warns of Weaker Demand in US and China, Risks From Tariffs Hugo Boss, the renowned fashion house, has recently issued a cautionary statement regarding a potential dip in consumer demand in key markets such as the United States and China. The company, known for its high-end apparel and accessories, highlighted concerns about the […]
TikTok returns to US app stores after ban delay
TikTok Returns to US App Stores After Ban Delay The future of TikTok in the United States has been hanging in the balance for months, with the Trump administration seeking to ban the popular social media app over national security concerns. However, recent developments have indicated a potential shift in this narrative, as TikTok has […]
L’Oréal US Appoints New Head of Acquisitions
Ali Goldstein Appointed as Head of Acquisitions for L’Oréal US L’Oréal, the global beauty powerhouse, has made a strategic move by appointing Ali Goldstein as the new Head of Acquisitions for its US operations. Goldstein, who previously served as the US president of L’Oréal Paris, brings a wealth of experience and expertise to this role. […]
L’Oréal Sales Miss Estimates as China Demand Remains Weak
L’Oréal Sales Miss Estimates as China Demand Remains Weak French cosmetics giant L’Oréal recently faced a setback as its sales growth fell short of expectations, registering a mere 2.5 percent increase. The underperformance was primarily attributed to softened demand in the US market, further exacerbated by the persistent sluggishness in China, ultimately dragging down the […]
De Beers CEO Says US Diamond Demand Shows Signs of Recovery
De Beers CEO Says US Diamond Demand Shows Signs of Recovery The diamond industry, often regarded as a symbol of luxury and enduring love, has faced turbulent times in recent years. The COVID-19 pandemic dealt a severe blow to an already struggling market, with diamond prices plummeting and demand dwindling. However, there seems to be […]
Burberry Soars After Demand Pickup Lifts Hope of Luxury Comeback
Burberry Soars After Demand Pickup Lifts Hope of Luxury Comeback Burberry, the iconic luxury brand, has recently experienced a surge in its performance, sparking hope for a revival in the luxury retail sector. Despite the challenges posed by the global pandemic, Burberry managed to weather the storm with resilience, reporting a smaller-than-expected quarterly sales drop […]
Richemont’s Sales Soar 10%
Richemont’s Sales Soar 10%: A Promising Sign for the Luxury Goods Market In the realm of luxury goods, few names hold as much weight as Richemont. The Swiss conglomerate, known for its prestigious brands such as Cartier, Montblanc, and Piaget, has long been a barometer for the health of the high-end market. So when news […]
TikTok vows to support US employees amid legal uncertainty
TikTok Vows to Support US Employees Amid Legal Uncertainty TikTok, the popular Chinese-owned social media platform, has found itself in the midst of legal uncertainty in the United States. With ongoing concerns about data privacy and national security, the company has faced scrutiny and potential bans in various countries, including the US. Despite these challenges, […]