Rich Americans cancel trips to Paris following Middle East war
By Bloomberg Published Nov 18, 2023 Wealthy Americans are holding off on booking trips to Paris as the war in the Middle East and its wider repercussions dent demand for …
Bain
Rich Chinese shoppers’ appetite slows as confidence falters
By Bloomberg Published Nov 15, 2023 Global luxury retailers counting on wealthy Chinese shoppers to raise their sales might be dismayed by recent reports pointing to a slowdown in their …
No big boost expected in luxury spending during holiday season: Bain
By Reuters Published Nov 14, 2023 Global sales of luxury goods will likely not grow significantly in the fourth quarter, with tourist flows to Europe key to spending there as …
Bain eyes Varsity Brands cash-out at $6 billion-plus valuation
By Reuters Published Nov 14, 2023 Bain Capital is exploring a sale or initial public offering (IPO) of Varsity Brands that could value the U.S. maker of sports uniforms and …
China’s Singles Day festival wraps up with e-commerce giants reporting sales growth
By Reuters Published Nov 13, 2023 China’s largest e-commerce player Alibaba Group said it recorded year-on-year growth over this year’s Singles Day sales period that ended at midnight on Saturday, …