By Reuters Published May 12, 2025 Bernard Arnault’s son, Alexandre, has been handed a daunting challenge: reviving Moët Hennessy, the drinks division of LVMH, which currently stands as the group’s worst-performing unit amid an escalating tariff war. Can Alexandre Arnault revive Moët Hennessy’s sparkle? – Reuters If he succeeds, the 33-year-old could gain a competitive…
Neutrogena-owner Kenvue Inc. announced on Friday the appointment of Amit Banati to the role of chief financial officer, effective May 12. Tate McRae for Neutrogena – Courtesy Banati will succeed Paul Ruh, who will remain with the U.S. company for a “brief period” to help with a smooth transition. As CFO, Banati will be responsible…
Founded by Catherine Holstein in 2016, modern luxury brand Khaite will open its fifth Los Angeles boutique at the end of the year, in the Melrose Place neighborhood at 8400 Melrose Avenue. Khaite to open its first store Los Angeles store in place of Gucci Salon store – Gucci The address chosen by the Khaite…
By Reuters Published May 11, 2025 U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer said on Sunday they reached a deal with China to cut the U.S. trade deficit, describing “substantial progress” in high-stakes talks with Chinese officials but offering no details as two days of negotiations concluded in Geneva. Reuters Bessent told…
By AFP Published May 11, 2025 Luxury fashion labels are increasingly extending their influence beyond the red carpet and exclusive parties of the cinema world, becoming partners with filmmakers and production companies. At this year’s Cannes film festival, which begins Tuesday, labels aim to showcase their couture creations and their credibility as investors in the entertainment…
Translated by Nazia BIBI KEENOO Published May 10, 2025 Pronovias, the Barcelona-based bridal fashion house known for its elegant wedding gowns and global presence, is taking decisive steps to support its financial recovery. To guide the label back toward profitability, its owners—Bain Capital and MV Credit—have withdrawn €193 million from the share capital of Catiberia…
By Reuters Published May 9, 2025 In a garment hub in south India, R.K. Sivasubramaniam is fielding requests from Walmart and Costco who want to sidestep higher U.S. tariffs faced by rival Asian suppliers, Bangladesh and China. But rows of idle sewing lines at his factory lay bare his biggest challenge. Archivo “Even if orders…
Translated by Nicola Mira Published May 9, 2025 The drastic therapy prescribed by CEO Claudio Sforza at Benetton seems to be bearing fruit. In the last decade, the Italian apparel group had accumulated losses for nearly €1.6 billion, and when Sforza joined the group in June 2024 to spearhead its recovery, he announced a radical…
Translated by Nazia BIBI KEENOO Published May 9, 2025 Following their first partnership in 2023, Italian fashion house Emporio Armani and Swedish label Our Legacy Work Shop launched their second collaboration collection for Spring/Summer. For the first time, the co-created line also includes womenswear pieces. Emporio Armani Our Legacy Work Shop – Alasdair McLellan In…
Despite the month-on-month/year-on-year disturbance in the force (Easter), April returned to offer some sort of normality, delivering a welcome positive boost for UK retail destinations. And for once, related data from both MRI Software and the BRC/Sensormatic footfall monitor were in agreement. Photo: Pixabay Acknowledging Easter’s shift into April from March a year ago had…
