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Richemont CEO Warns "Softening Demand Across All Categories" As Luxury Downturn Worsens
Article By:
Tyler Durden
Sunday, November 12, 2023 3:00 PM EDT
Whether it's the former CEO of Walmart or Mike Wilson from Morgan Stanley, there's a message emerging about waning consumer strength. On Friday, luxury group Richemont provided what appears to be the latest evidence of faltering consumer demand.
Capri Tries To Put Together An Ensemble Of Michael Kors, Kate Spade And Coach
Article By:
Lipper Alpha Insight
Saturday, August 12, 2023 11:45 PM EDT
U.S. fashion company and Coach parent Tapestry said on Aug. 10 that it would acquire Capri, whose brands include Michael Kors and Jimmy Choo, in a deal valued at $8.5 billion, including debt.
Luxury Sales Turned In A Unusually Strong First Half To The Year. Can The Good Times Last?
Article By:
Frank Holmes
Friday, August 6, 2021 3:30 PM EDT
Today, Louis Vuitton the company, also known as LV, is the most valuable luxury brand in the world according to the Kantar Group. The London-based data analytics firm valued the LV brand at $75 billion as of 2020.
