L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
pricing
Global Markets
With Chinese Discounts, Gucci Turns the Page on Frida Giannini
Gucci is offering discounts of as much as 50 percent in China as the Italian fashion house seeks to clear out merchandise designed by its former creative director, prompting lines of Chinese shoppers to form since sunrise.
With Chinese Discounts, Gucci Turns the Page on Frida Giannini
Gucci is offering discounts of as much as 50 percent in China as the Italian fashion house seeks to clear out merchandise designed by its former creative director, prompting lines of Chinese shoppers to form since sunrise.
Global Markets
Jumei Drops as Online Advantages Fade on China Tariff Cut
Jumei International Holding Ltd. tumbled the most on record on concerns that China’s decision to cut taxes on imported consumer goods will reduce its pricing advantage.
Jumei Drops as Online Advantages Fade on China Tariff Cut
Jumei International Holding Ltd. tumbled the most on record on concerns that China’s decision to cut taxes on imported consumer goods will reduce its pricing advantage.
Financial Markets
Burberry Sees Increased Uncertainty as Annual Profit Declines
Burberry Group Plc reported a 1 percent decline in annual earnings as the strength of sterling and decelerating sales in Hong Kong weighed on margins.
Burberry Sees Increased Uncertainty as Annual Profit Declines
Burberry Group Plc reported a 1 percent decline in annual earnings as the strength of sterling and decelerating sales in Hong Kong weighed on margins.
Financial Markets
A Pricing Conundrum
The Savigny Luxury Index (“SLI”) fell sharply this month, losing more than two percent, driven by disappointing first quarter results.
A Pricing Conundrum
The Savigny Luxury Index (“SLI”) fell sharply this month, losing more than two percent, driven by disappointing first quarter results.
China
The China Edit | Shang Xia, Chengdu, Burberry, Tourist Spending
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Shang Xia, Chengdu, Burberry, Tourist Spending
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Global Markets
Chinese Tourists' Luxury Spending Soars in Europe
Chinese tourists spent a record amount on luxury goods last month, helped by shopping sprees in Europe as the weak euro made items cheaper than at home.
Chinese Tourists' Luxury Spending Soars in Europe
Chinese tourists spent a record amount on luxury goods last month, helped by shopping sprees in Europe as the weak euro made items cheaper than at home.
China
The China Edit | Price Drops, Burberry, LVMH, Macau
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Price Drops, Burberry, LVMH, Macau
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Luxury
Op-Ed | Price Drops Alone Won't Boost Luxury Sales in China
Chanel’s move to unify its global pricing is a step forwards, but it doesn’t tackle the real reasons many Chinese shoppers prefer to buy overseas, says Avery Booker.
Op-Ed | Price Drops Alone Won't Boost Luxury Sales in China
Chanel’s move to unify its global pricing is a step forwards, but it doesn’t tackle the real reasons many Chinese shoppers prefer to buy overseas, says Avery Booker.
Global Markets
Euro Falls Near $1, But European Luxury Goods Remain Pricey
Americans hunting for a bargain on a new Beemer, bottle of Chateau Margaux or Hermès handbag thanks to the sliding euro should put away their gold cards. European luxury goods sold in the U.S. still carry luxurious price tags.
Euro Falls Near $1, But European Luxury Goods Remain Pricey
Americans hunting for a bargain on a new Beemer, bottle of Chateau Margaux or Hermès handbag thanks to the sliding euro should put away their gold cards. European luxury goods sold in the U.S. still carry luxurious price tags.
China
Fashion Inflation is Unsustainable
As consumption slows and global pricing differences become more transparent, strategies that price luxury goods significantly higher in China are unsustainable.
Fashion Inflation is Unsustainable
As consumption slows and global pricing differences become more transparent, strategies that price luxury goods significantly higher in China are unsustainable.
The News in Brief
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.
Kevin.Murphy Appoints New CEO
The Australian hair care brand has named Elisa Fischer its new global chief executive as it looks to push deeper into international markets.