Read Fashion Luxury News & Analysis Here | Business of Fashion
2 days ago · Kering Pounded by Luxury Slowdown, Warns on Profit. Sales at the French group fell 16 percent in the third quarter as a market-wide downturn hit hard. At flagship brand Gucci, …
Shares of Luxury Brands Are Tumbling in a Sign Consumers’ High …
Oct 16, 2023 · Shares of the European luxury giant have fallen about 20 percent over the past six months, and according to Bloomberg, LVMH has led a sell-off that’s erased $245 billion in …
How 2021 Reshaped the Luxury Market | BoF - The Business of …
By. Robert Williams. 11 November 2021. Sales of personal luxury goods enjoyed a “V-shaped recovery” in 2021, growing a steep 29 percent to €283 billion ($327 billion) after last year’s …
China Should Brace for Higher Luxury Goods Taxes, Analysts Say
Oct 20, 2021 · China’s consumption tax, with rates below 20 percent for most products, currently covers goods including tobacco, liquor, watches and luxury cars, and accounts for about 9 …
Read Leather Goods Fashion News & Analysis Here | Business of …
Apr 3, 2024 · How a unique approach to supply chain, design, communications and retail has powered blockbuster demand for iconic bags like the Birkin and Kelly, enabling the French …
US Luxury Spending Down 11% in July, Says Citi | BoF - The …
US consumers spent 11 percent less on luxury goods in July compared to the same month last year, Citi Research said Friday citing data from a panel of 10 million credit card-holders. The …
How Luxury Brands Are Raising the Stakes on Instagram
By. Reuters. 16 June 2019. PARIS, France — Big-spending luxury brands like Gucci, Louis Vuitton and Christian Dior are splashing out on everything from dance-fuelled fashion shows to …
Luxury Slowdown Could Last Longer Than Previous Crises, Chanel …
Oct 30, 2024 · The biggest challenge for the luxury sector today is not the general macroeconomic context or the weakness of key markets like China, but customer fatigue with …
China Sales of Luxury Goods Grew 36% in 2021, Bain Estimates
Jan 20, 2022 · Domestic sales of luxury goods reached 471 billion yuan ($74.24 billion), a near doubling in two years, according to Bain & Company’s annual “China Luxury Report 2021″, …
Inside Luxury’s Italian Sweatshops Problem | BoF - The Business of ...
Sep 17, 2024 · Though the “Made in Italy” label is a lynchpin of the luxury trade, its cultural cachet long serving as shorthand for top-notch production, the reality is darker and more complicated. …