As Britain’s most prominent luxury label, Burberry’s results re always closely watched, but even more so since it started struggling and issuing profit warnings. And on Friday its Q1 figures were in the spotlight. DR So how did it do in the 13 weeks to late June? It’s not back in top form, although there…
Translated by Nazia BIBI KEENOO Published July 9, 2025 The luxury sector entered 2025 on shaky ground, weighed down by rising prices and a slowdown in China. According to Claudia d’Arpizio, senior partner at Bain & Company, the industry recorded a 5% drop in first-quarter performance—a clear sign of lost momentum. She shared her insights…
Translated by Nicola Mira Published July 8, 2025 On Tuesday July 8, the Vietnamese government said that Prime Minister Pham Minh Chinh and his Chinese counterpart Li Qiang have agreed to strengthen trade ties between the two countries, following a meeting held during the BRICS (Brazil, Russia, India, China and South Africa) summit in Brazil….
By Bloomberg Published July 4, 2025 President Donald Trump’s two-tiered trade deal with Vietnam aims squarely at practices China has long used to skirt US tariffs: The widespread legal shifting of production to Southeast Asian factories and the murkier and illegal “origin washing” of exports through their ports. Bloomberg The agreement slaps a 20% tariff…
Last week, Louis Vuitton unveiled a significant new space in Shanghai, “The Louis,” which seamlessly integrates retail, Le Café Louis Vuitton, and the “Louis Vuitton Visionary Journeys” exhibition within a magnificent boat-like facade. Louis Vuitton’s new travel campaign captures the serene beauty of the Lijiang River, blending iconic trunks and the Soft Keepall with traditional…
By Reuters Published June 30, 2025 Louis Vuitton’s latest Shanghai store is not your average luxury flagship. The 30-meter-high, ship-shaped store, “The Louis”, is billed as an experience, and houses an exhibition space and cafe in Shanghai’s downtown Nanjing Road shopping strip. Reuters “The Louis”, which had a grand opening on Thursday, will undoubtedly draw…
By Reuters Published May 20, 2025 French luxury group Chanel will continue to invest heavily this year, drawing on its deep pockets as other sector players pull back, with plans for new stores in China and the United States, despite volatility in both markets, it said on Tuesday. Chanel pushes growth with 48 new stores…
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 Bloomberg Published May 8, 2025 Some luxury labels are pulling back from steep markdowns in China, seeking to rebuild an image of exclusivity to lure back wealthy shoppers whose spending remains less affected by economic slowdown. See catwalkGucci – Fall-Winter2025 – 2026 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight None of the products…
TikTok was fined 530 million euros ($600 million) on Friday for violating a European Union data privacy law after regulators found the company had improperly transferred users’ personal data to China. The Irish Data Protection Commission, which announced the penalty, said TikTok failed to adequately protect data of its users in Europe, including some that…