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Worldview: China’s Xiaohongshu Reaches $17 Billion Valuation
The Business of Fashion· 2 days agoXiaohongshu is valued at $17 billion following new investment. DST Global, a Cayman...
Burberry’s CEO Shake-Up, Explained
The Business of Fashion· 3 days agoJoshua Schulman, the former leader of Coach, then Michael Kors — after comparable retail sales tumbled 21 percent in its first fiscal quarter. The...
Cucinelli Stock Slide Hints at Tough Results Season
The Business of Fashion· 6 days ago“The expectations’ bar is relatively higher for absolute luxury names like Hermès and relatively lower for turnaround stories like Burberry or Kering,”...
Balenciaga Launches Apple Vision Pro App
The Business of Fashion· 2 days agoBalenciaga has released the first phase of an app for the Apple Vision Pro, a $3,499 headset computer that Apple debuted in the US in February. The app...
Supreme’s Sale to EssilorLuxottica, Explained
The Business of Fashion· 22 hours agoFrench-Italian eyewear group EssilorLuxottica is buying New York-based streetwear juggernaut Supreme from US apparel group VF Corp. for $1.5 billion in...
Luxury Brands Feel the Sting as Chinese Growth Slows
The Business of Fashion· 1 day agoThe prolonged downturn in luxury spending in China is unlikely to reverse this year, analysts and executives warn, deepening a rout which has wiped...
Burberry boss ousted as sales continue to fall
BBC via Yahoo Finance Canada· 3 days agoIn May this year, the company had announced a 40% fall in full-year profits. Burberry is not the only luxury brand to suffer from the downturn. In March,...
Can iconic coat maker Burberry ever recover from CEO departures, a stodgy turnaround plan, and a 64%...
Fortune via Yahoo Finance Canada· 3 days agoThe company’s shares have slipped over 64% in the last year. To be sure, the luxury market downturn...
Trump Tower-Area Stores Under Increased Security After Assassination Attempt
WWD· 3 days agoAnyone wanting to browse at the Gucci or Tiffany stores on Fifth Avenue on Monday had to be vetted...
A Temporary Goodbye and More Predictions for 2024
The Business of Fashion· 6 days agoFor years, Ulta Beauty has taken the top spot for beauty destinations, with 41 percent of teens saying it was their preferred retailer to shop for...
