Indian E-Commerce Firm Meesho’s Quarterly Loss Spikes as It Ramps Up Marketing
Meesho has carved out a niche for itself by offering low-priced products without charging sellers a commission.
Reuters
Retail
In the Fight for Early Payouts From Bankrupt Saks, Big Luxury Brands Have the Edge
The embattled luxury department store is ‘absolutely dependent’ on companies like Chanel, LVMH and Kering, who could ‘suffocate’ the retailer if they stopped shipping, Reuters reported.
In the Fight for Early Payouts From Bankrupt Saks, Big Luxury Brands Have the Edge
The embattled luxury department store is ‘absolutely dependent’ on companies like Chanel, LVMH and Kering, who could ‘suffocate’ the retailer if they stopped shipping, Reuters reported.
Global Markets
Second-Tier Cities Are Critical to Reviving Luxury Growth in China
Hubs like Nanjing and Changsha are drawing increased attention from brands such as Louis Vuitton and Burberry as middle-class consumers relocating from Beijing and Shanghai in search of higher quality of life take their appetite for luxury goods with them.
Second-Tier Cities Are Critical to Reviving Luxury Growth in China
Hubs like Nanjing and Changsha are drawing increased attention from brands such as Louis Vuitton and Burberry as middle-class consumers relocating from Beijing and Shanghai in search of higher quality of life take their appetite for luxury goods with them.
Luxury
LVMH Investors Demand Clarity on Bernard Arnault Succession Plan
Shareholders of the French conglomerate are expressing growing concern over the lack of transparency regarding Bernard Arnault’s plan for succession.
LVMH Investors Demand Clarity on Bernard Arnault Succession Plan
Shareholders of the French conglomerate are expressing growing concern over the lack of transparency regarding Bernard Arnault’s plan for succession.
Creative Class
Brigitte Bardot, Icon of French Cinema and Style, Has Died
The actress and international sex symbol of the 50s and 60s became a style icon for her tousled hair, smoky eye and Riviera chic looks, contributing to the ‘French girl’ aesthetic marketed around the world.
Brigitte Bardot, Icon of French Cinema and Style, Has Died
The actress and international sex symbol of the 50s and 60s became a style icon for her tousled hair, smoky eye and Riviera chic looks, contributing to the ‘French girl’ aesthetic marketed around the world.
ADVERTISEMENT
ADVERTISEMENT
The News in Brief
Givaudan Sales Slowdown Sends Fragrance Maker’s Shares Falling
The Swiss firm missed expectations for yearly organic sales growth on Thursday, as weaker performance of its flavours business outweighed resilient growth in fine fragrances.
Winter Games in Italy Attract Luxury Brands Seeking Global Stage
Luxury fashion brands are seeking to capitalise on the Milano Cortina Winter Olympics, opening boutiques, sponsoring teams and launching collections.
China Luxury Market Forecast to Rebound in 2026, Bain Says
The consultancy expects a ‘modest’ expansion of the mainland luxury market this year but warned that recovery would be fragile and uneven across brands and categories.
Levi Strauss Beats Quarterly Results Estimates on Strong Denim Demand
The company said it will fully offset the impacts of US import tariffs through the year helped by pricing strategies.
LVMH Drives Luxury Stocks Down After Results Disappoint
The French group said sales in the key Chinese market grew in the quarter, but the results were less encouraging than expected in the wake of more upbeat comments on China from Richemont and Burberry earlier this month.
Shein Could Face EU Investigation but No Interim Measure, Commission Official Says
The ultra-fast-fashion giant is unlikely to face an order to suspend its website.
Nike Slashes 775 Jobs in US to Speed Up Automation, Boost Profit
The cuts will primarily impact distribution centre roles in Tennessee and Mississippi, where the sneaker giant operates large warehouses, Reuters reported.