Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
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Latest News & Analysis
Luxury
China's Gen-Z Shoppers Fuelling Luxury Market Momentum
Consumers in their late teens and early 20s are rapidly taking center stage in China, the average shopper is reportedly younger than anywhere else in the world.
China's Gen-Z Shoppers Fuelling Luxury Market Momentum
Consumers in their late teens and early 20s are rapidly taking center stage in China, the average shopper is reportedly younger than anywhere else in the world.
China
China's Stay-at-Home Shoppers Propel Luxury Sales: Bain
Despite trade war concerns, Chinese consumers will continue to grow in stature for the luxury industry.
China's Stay-at-Home Shoppers Propel Luxury Sales: Bain
Despite trade war concerns, Chinese consumers will continue to grow in stature for the luxury industry.
China
Chinese and Millennials Drive Luxury Rebound, Says Bain
Revenue from personal luxury goods is projected to rise 6 percent to €262 billion as Chinese buyers account for 32 percent of the luxury goods market in 2017.
Chinese and Millennials Drive Luxury Rebound, Says Bain
Revenue from personal luxury goods is projected to rise 6 percent to €262 billion as Chinese buyers account for 32 percent of the luxury goods market in 2017.
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The News in Brief
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
Ulta Beauty Forecasts Annual Profit Below Estimates
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
AII Launches Industry-First Tool Standardising Measurement of Carbon Emissions
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.
Marco De Vincenzo Exits Etro
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.