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 …
Moët Hennessy
LVMH’s Berluti to design Olympics opening ceremony uniforms for French teams
By Reuters API Published Nov 16, 2023 Luxury giant LVMH’s Berluti brand will design the summer Olympics and Paralympics opening ceremony uniforms for the French teams, boosting the profile of …
Discount retailers’ sales rebound with anxious shoppers seeking deals
By Bloomberg Published Nov 14, 2023 Value retailers are holding up against a broader spending pullback as persistent anxiety over the economy and a softening job market drive shoppers to …
The diamond world takes radical steps to stop a pricing plunge
By Bloomberg Published Nov 13, 2023 When the world’s most important diamond buyers arrived at De Beers’ offices in Botswana late last month, they were presented with a rare offer …
Gucci sales fall as Kering lags rivals facing luxury slowdown
By Bloomberg Published Oct 24, 2023 Gucci sales fell as Kering SA’s biggest brand grapples with the twin challenges of a luxury goods slowdown and internal tumult. See catwalkGucci – …
Olaplex names Amanda Baldwin new CEO
Haircare brand Olaplex has named Amanda Baldwin as chief executive officer, effective by early 2024. Amanda Baldwin to serve as chief executive officer, effective by early 2024. – Olaplex She …
Birkenstock’s stock loses footing in second day on Wall Street
By Reuters API Published Oct 13, 2023 Shares of Birkenstock dropped 6% on Thursday, deepening losses after the German luxury sandal seller stumbled the day before in its Wall Street …
A $245 billion selloff signals less sparkly future for luxury stocks
By Bloomberg Published Oct 11, 2023 The wealthy shoppers who fueled LVMH’s rise to Europe’s most valuable company and made its founder the world’s richest man are showing signs of …
Birkenstock prices US IPO conservatively at $46 per share
By Reuters API Published Oct 11, 2023 German premium footwear Birkenstock Holding chose to price its U.S. initial public offering (IPO) conservatively at the middle of its indicated price range …
Birkenstock eyes pricing IPO at top of range
By Reuters API Published Oct 9, 2023 Birkenstock Holding Ltd has secured enough commitments from investors to price its U.S. initial public offering (IPO) at the top of its indicated …