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"There have been robust findings about the social recognition associated with luxury"
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Paris, We Have a Problem: Why European Luxury Is Under Pressure in China
Savvier clients, stronger local competitors and a fragile economic recovery are eroding the conditions that fuelled decades of growth for the likes of LVMH and Kering.
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Chanel joined independent watchmaker F.P. Journe in the $66.5 million purchase of the Swiss brand, a big bet as mid-range watches are hardest hit by an industry slump.
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Influencer Hannah Chody spent years trying to find a dupe for a discontinued Tom Ford eyeshadow. While the Estée Lauder-owned brand stayed quiet, Saie Beauty stepped up to fill the void — and landed a smash-hit success product in the process.
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