All articles tagged with #luxury brands
Originally Published 9 days ago — by Yahoo Finance
Despite a growing global and U.S. motorcycle market, premium dealership Motos America filed for Chapter 11 bankruptcy due to liquidity issues, high financing costs, and operational challenges, including a failed financing round and SEC registration revocation.
Originally Published 2 months ago — by The New York Times
The article discusses popular scented candle brands recommended by stylish individuals for gifting, highlighting the growing market and the challenge of choosing the right candle among hundreds of options for special occasions.
Originally Published 2 months ago — by Investing.com
Kering is close to selling its beauty division, including fragrance brand Creed and rights to develop products for its fashion labels, to L'Oreal for around $4 billion, as part of its strategy to reduce debt and revitalize sales amid challenging market conditions.
Originally Published 2 months ago — by Reuters
Kering is nearing a $4 billion sale of its beauty division, including the fragrance brand Creed and rights to develop products for fashion labels like Gucci and Balenciaga, to L'Oreal, as part of its strategy to reduce debt and revitalize sales under new CEO Luca De Meo.
Originally Published 5 months ago — by CNN
Slim, low-profile sneakers are becoming the dominant trend for summer 2025, replacing the chunky 'ugly' shoe trend, with both high-end and mass-market brands embracing minimalist designs, influenced by a broader cultural shift towards slimmer silhouettes and a possible connection to the era's body image ideals.
Originally Published 5 months ago — by Private Jet Card Comparisons
LVMH-backed investment firm takes a 20% stake in Flexjet, valuing the private jet company at around $4 billion, as part of a strategic move to enhance luxury travel offerings and brand synergies, with Flexjet focusing on creating an exclusive, club-like experience for high-net-worth individuals.
Originally Published 6 months ago — by CNBC
Luxury jewelry sales in the U.S. are outperforming other categories like leather goods and handbags, with jewelry spending increasing 10.1% year over year in May, driven by its perception as an investment and sentimental item, despite overall luxury spending declining. High-end jewelry brands are seeing increased spending per customer, even as some lost customers, and gold price rises support jewelry purchases. Meanwhile, handbag and watch categories face challenges, with prices rising significantly and mixed sales results, amid broader economic uncertainties and geopolitical tensions.
Originally Published 6 months ago — by Yahoo Finance
Many wealthy Americans are unaware of their true wealth levels, partly due to social media distortions and rising 'luxury shame,' leading to a disconnect between perceived and actual wealth, which influences consumer behavior and social debates on taxation and inequality.
Originally Published 7 months ago — by WWD
Maria Grazia Chiuri is stepping down as Dior's artistic director of women's collections after nine years, during which she significantly contributed to the brand's growth with her feminist-driven storytelling and successful designs. Her successor has not yet been announced, but Jonathan Anderson is expected to take over both men's and women's divisions. Chiuri leaves a lasting legacy at Dior, having expanded the brand's offerings and elevated its global status.
Originally Published 1 year ago — by The New York Times
Chanel has appointed Matthieu Blazy as its new Artistic Director, marking a significant leadership change in the luxury fashion house.
Originally Published 1 year ago — by The Daily Wire
Jaguar's recent brand relaunch has faced significant backlash on social media, with critics labeling the campaign as "woke" and lacking authenticity. Managing director Rawdon Glover defended the rebrand, stating it was intended to differentiate Jaguar from traditional automotive stereotypes and attract new customers. Despite some positive feedback, Glover expressed disappointment over the "vile hatred and intolerance" the campaign received. The ad, which features vibrant visuals and a new logo, has been mocked for not showcasing vehicles, prompting comments from figures like Elon Musk.
Originally Published 1 year ago — by Fortune
The luxury goods market is experiencing a slowdown, with 50 million consumers ceasing to buy high-end brands like Dior and Burberry due to broken promises and high prices without corresponding value. Only a third of luxury brands are expected to see growth this year, prompting calls for reinvention to meet Gen Z expectations. The decline is partly attributed to economic factors, including inflation and reduced spending in China, a key market. However, sectors like travel and fine dining are seeing modest growth, with a potential recovery anticipated by late 2025.
Originally Published 1 year ago — by CNBC
Capri and Tapestry have mutually agreed to terminate their planned $8.5 billion merger after facing regulatory hurdles from the Federal Trade Commission, which blocked the deal citing potential consumer disadvantages and reduced employee benefits. The merger would have combined six major fashion brands under one company. Following a federal judge's ruling in favor of the FTC, Tapestry's shares rose while Capri's fell. Both companies are now focusing on their individual growth strategies, with Capri planning initiatives to revitalize its brands, particularly Michael Kors.
Originally Published 1 year ago — by InStyle
Amazon's Memorial Day sale offers up to 76% off on designer brands like Tory Burch, Michael Kors, and Ralph Lauren, with prices starting at $9. The sale includes major markdowns on clothing, shoes, and accessories, featuring items from Coach, Vince, and more. Shoppers can find hidden gems in Amazon's Premium Brands Outlet, making it an ideal time to upgrade wardrobes with high-quality staples and stylish accessories.
Originally Published 1 year ago — by Fox Business
The Federal Trade Commission (FTC) is considering filing a lawsuit to block Tapestry's $8.5 billion bid to acquire Capri, the parent company of Michael Kors and Versace, over concerns that the merger could harm competition in the luxury fashion industry. If the merger proceeds, it would create a U.S. fashion powerhouse but may face regulatory challenges in the U.S. despite receiving clearance from regulators in the EU and Japan. This potential lawsuit is part of the FTC's broader efforts under the Biden administration to scrutinize and challenge mergers and acquisitions that could undermine competition.