LVMH reported 3Q2024 ended down 3%, with Asia off 16% and Fashion & Leather Goods down 5%. LVMH called it a cyclical downturn ...
Imports of watches from China saw a 64 percent year-on-year increase, suggesting North Korea's leader is stepping up rewards ...
European luxury shares have slid on investor concerns that Hermes handbags and Dior slingbacks may be Beijing's next targets ...
The fashion concern said its performance improved in both its retail and wholesale channels, with increased revenue across ...
Faced with a depressed luxury goods market, the sector's global leader has published a fall in revenue for the first time ...
Islands.com on MSN3d
Can You Really Save Money On Luxury Items By Shopping At Airports?Airports are famous for having duty-free shops, but can people truly save money on luxury items there? Here's what travelers ...
But the main reason for the slowdown is that Chinese shoppers have pulled back. China has been a huge growth story for luxury ...
They have made a killing using art, but the artists have not done that well with luxury goods,” Taplin adds. Compare Louis Vuitton’s lucrative 12-years-and-counting collaboration with Yayoi ...
The Cool Down on MSN5d
Luxury fashion brands were left with billions of dollars worth of unsold products last year — here's where the items wentPlus, there's the waste factor. In the past, some luxury brands would reportedly destroy unsold items to protect their image.
LVMH reported a 3% decline in sales in its latest quarter, driven by decreased demand from Chinese consumers.
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