Indonesian Supreme Court upholds Sritex bankruptcy ruling
By Bloomberg Published December 19, 2024 Indonesia's Supreme Court has upheld the bankruptcy ruling of struggling textile company PT Sri…
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Global fashion performance “not so good” in the third quarter
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Mexico raises tariffs up to 35% to support jobs in the textile sector
By Bloomberg Published December 20, 2024 Mexico has increased tariffs by up to 35% on products that could affect its…
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…
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…