Hugo Boss warned that client demand may decline, sending its shares tumbling 18%. Hugo Boss, a German luxury fashion brand, warned that it may not reach its 2025 sales goal due to deteriorating customer demand.
Fashion/Clothing
Carousell Group Acquires LuxLexicon, Expanding Luxury Segment Reach; Monthly Listings Surge by 71%
Carousell bolsters luxury market presence with LuxLexicon acquisition, aiming to dominate upscale resale. Capitalizing on rising demand for used luxury items, Carousell eyes strategic growth in e-commerce.
Hermès Sued in Class Action Lawsuit Alleging Unfair Exclusivity Tactics in Birkin Bag Sales
Plaintiffs argue that Hermès restricts Birkin bag sales to high-volume buyers, violating antitrust laws.
Gucci Owner Kering Sees 14% Slump in Stock Price After Profit Warning Owing to Asia Sales Decline
Kering issued an unexpected profit warning due to plummeting Gucci sales in Asia, lowering its stock price by 14%.
TikTok Roasts Balenciaga's 'Absurd' $4,400 Luxury Bracelet Resembling Ordinary Sticky Tape
TikTok users had a blast mocking Balenciaga's $4,400 "luxury" bracelet, resembling a roll of sticky tape, unveiled during Paris Fashion Week.
Latest News
Shein is reportedly looking into switching its initial public offering (IPO) from New York to London due to possible issues with a listing in the United States.
Nike announced on Thursday a reduction in its workforce by 2% that will result in the layoff of more than 1,500 jobs.
Brought into existence more than 7 years ago, CSNJ Co. Ltd. has been flourishing multi-folds ever since. The founder of the brand, Mr. Chin Samnang, has been showcasing his designing adroitness in curating exquisite pieces of jewellery. His prowess as a jeweller is well known, and his artwork is available not only in Cambodia but also worldwide through online portals. The proficient craftsmanship and dedicated team of workers make the brand stand out among its contemporaries.
Tiger Woods has entered a new partnership with TaylorMade Golf following his recent separation with Nike.
Gap Inc. has appointed American fashion designer Zac Posen as the chain's new executive vice president and creative director.
LVMH head Bernard Arnault has proposed the appointment of his two sons to the company's board. Bernard Arnault, the head of the LVMH luxury goods conglomerate, disclosed on Wednesday that he has proposed the appointment of two more of his children to the company's board, a move to solidify his family's grip on Europe's most valuable firm.
China's internet regulator is conducting a security review of Shein. China's internet regulator is conducting a security review of Shein as the fast-fashion giant prepares for its initial public offering in the United States.
The annual revenue of Chinese fast-fashion giant Shein is reportedly more than $30 billion. The annual revenue of Chinese fast-fashion giant Shein is more than $30 billion, according to Jamie Salter, the founder and CEO of Authentic Brands Group, a key retail partner of Shein.
After 27 years, golf legend Tiger Woods has officially ended his partnership with Nike. After 27 years, golf legend Tiger Woods has officially ended his partnership with Nike.
