Amid a tough landscape for luxury, LVMH’s beauty category is no longer immune to the broader global slowdown. Organic revenue in the conglomerate’s perfumes and …
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Declines
Shein Representative Declines to Answer China Cotton Question in UK Hearing
A Shein representative declined to provide a direct answer when asked by a British parliamentary committee on Tuesday whether the online fast-fashion retailer uses cotton …
Hearst Profit Falls 2% Due to Declines in TV and Print Media
Hearst Corp., the closely held owner of Harper’s Bazaar and other publications, said profit last year fell 2 percent short of 2022′s record as weakness …
Richemont Shares Drop 7 Percent as US Revenue Declines
Richemont shares declined after the Swiss luxury-goods maker reported an unexpected decline in sales from the Americas, raising concern over how weak the US market …