Luxury brands are betting on lower-priced products to attract middle-class buyers
By Reuters Published December 20, 2024 Faced with a broad decline in demand for their usual products, including handbags priced…
Style
Stay updated on fashion trends with the latest news.
Japanese Wajima artisans see hope in disaster-hit region (#1688809)
By AFP Published December 30, 2024 Lacquer maker Takaho Shoji leans over his desk in the disaster-stricken city of Wajima…
French billionaires suffer biggest hit in history as luxury goods crash (#1688784)
By Bloomberg Published December 29, 2024 For France's biggest billionaires, 2024 was a year to forget as their combined fortunes…
Saks Global of America completes acquisition of Neiman Marcus
Saks Global, a leading luxury real estate and retail company, has completed the acquisition of Neiman Marcus Group (NMG) for…
Nordstrom family to take chain private in $6.25 billion deal (#1688293)
By Bloomberg Published December 23, 2024 Nordstrom Inc. will go private in an all-cash transaction valued at about $6.25 billion…
American brand Perfect Corp. enters luxury fashion with the acquisition of Wannaby
Perfect Corp. (NYSE: PERF), a global leader in beauty and fashion technology solutions, announced that it has reached an agreement…
Jimmy Choo to open new supply chain office near Florence (#1688344)
Translated by Nicola Mira Published December 23, 2024 On January 7, Jimmy Choo will open its new global supply chain…
Global luxury brands deliver balanced performance in Q2, Q3 FY25
In the second and third quarters of FY25, four luxury fashion companies demonstrated balanced performance. Ralph Lauren and Brunello Cucinelli…
China revises 2023 GDP upwards to $17.73 trillion, rules out impact on 2024 figure (#1688671)
By Reuters Published December 27, 2024 China revised up its gross domestic product (GDP) for 2023 by 2.7% to 129.4…
Hermès opens renovated store in Shenyang, China
French luxury house Hermès has revealed its newly renovated store at MixC Mall in Shenyang, one of the most historic…