Bernard Arnault, CEO of LVMH, coined the phrase "promoted outwards" for layoffs during an investor call. The 75-year-old billionaire made the comment while discussing META's decision to lay off low-performing employees. …
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Kim Jones is stepping down from Christian Dior menswear after seven years, fueling speculation that he may take the top job at Burberry. Jones, who joined Dior in 2018 and was also artistic director at Fendi until October, is expected to announce his next move. …
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Reports state, demand for high-end brands is improving but not as quickly as hoped. European luxury shares fell after LVMH's mixed results, with sales rising just 1% in the fourth quarter. Operating profits dropped by 20% due to high fixed costs and one-off expenses like sponsoring the Paris Olympics. …
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The “old money” trend that has swept America and Europe years ago has recently come into Malaysia with influencers guiding their followers how to dress as such. …
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Just recently, we have seen second hand Hermes Birkins dropping in resale value. There are some prices dropping by 50%. Previously, it was known that these bags are being re-sold for significantly more. For the most part, these bags were sold at double of the retail prices. …
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According to reports, the faux/vegan leather industry is worth around RM162 billion. This type of “leather” is seen as a cheap alternative to the cost of actual leather. However, the longevity of said material and its environmental impact may not seem as worth it as one may think. …
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HSBC's report on LVMH Moët Hennessy Louis Vuitton highlights key priorities: addressing "greedflation," explaining management changes, and improving Dior's women's business. The bank maintains a "buy" rating, forecasting a slight improvement in sales. Dior's revenues have surged but now face challenges. …
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Semir, sebuah jenama gaya hidup kontemporari yang terkenal dengan dedikasinya terhadap fesyen yang mengutamakan keselesaan, hari ini secara rasmi membuka kedai keduanya di Malaysia, yang terletak di Sunway Pyramid. Pembukaan ini menyusul kejayaan pelancaran kedai pertama Semir di 1 Utama Shopping Centre pada Disember 2024.…
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China and Europe, traditionally key markets, will play a smaller role, while the Middle East and India are set to expand. The slowing global economy and shifting consumer habits are impacting luxury giants like Kering and LVMH. …
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Italy's Prada is among the potential buyers for Versace, which Capri Holdings has put up for sale, according to daily Il Sole 24 Ore. Prada is working with Citi to evaluate a possible bid. …
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