By Reuters Published May 23, 2025 European luxury stocks declined sharply on Friday following U.S. President Donald Trump’s announcement recommending a 50% tariff on European Union goods, set to take effect on June 1. Trump’s tariffs hit European luxury industry, shares tank – Reuters The luxury sector—which includes handbags, shoes, fashion goods, and champagne—relies heavily…
Translated by Nicola Mira Published April 30, 2025 Parisian haute couture ateliers are feeling the pinch. Negotiations are under way for the 2025 pay scales in the ‘Parisian couture’ professional category, which includes leading luxury houses and independent labels, most of them regularly showing their collections in Paris. The unions have however condemned inconsistencies in…
Translated by Nicola Mira Published April 15, 2025 Real estate services firm Cushman & Wakefield has published a study analysing data from over 2,000 rental transactions carried out in Europe in 2024. The study charts the evolution of the commercial real estate sector in the continent, where retail rents posted an overall increase compared to…
By Bloomberg Published April 7, 2025 Bangladesh is looking to hold talks with the Trump administration in a bid to lessen the blow from a US decision to impose a 37% tariffs on goods that could devastate the country’s $40 billion garment export industry. Shutterstock Bangladesh is seeking ways to reduce its trade surplus with…
Firemen from Highland Beach, Fla., were heading to a conference in Miami, a money manager to his office in Boca Raton. Families with young children wearing Mickey Mouse ears and toting Little Mermaid backpacks, filled the train’s sun-soaked four-seaters on their way to or from Disney cruises and various theme parks. Florida, of all places,…
Translated by Nazia BIBI KEENOO Published March 27, 2025 For decades, globalization has been the driving force behind the luxury industry’s expansion. However, this long-standing framework is now under pressure as nationalist sentiment gains momentum across major markets, including the U.S. and China. According to analysts at Bernstein, this shift could slow the progress of…
Translated by Nicola Mira Published March 21, 2025 On March 4, French skiing and winter sport equipment specialist Rossignol officially entered the trail running sector by launching the Vezor 4 shoes. Designed for athletes, with soles produced in collaboration with Michelin, the Vezor are priced at €180. They will be presented to the market at…