Prada Group continues to defy luxury’s downturn, reporting nine-month net revenues up 18 percent year-on-year. Growth was powered by Miu Miu, whose wonky yet wearable …
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Downturn
A Perfume Brand Asks, ‘What China Downturn?’
Many international fashion and beauty brands are hedging their bets on China, where a faltering luxury market has an economic slowdown. But those warning signs …
Swiss Watchmakers Seek State Aid Amid Luxury Downturn
Swiss luxury watchmakers are turning to the government for financial aid to help them weather a downturn in demand. Girard-Perregaux and Ulysse Nardin have become …
How to Win Over Investors in a Beauty Downturn
There’s one thing Ariel Ohana, managing partner of investment firm Ohana & Co, definitely doesn’t need to hear a brand pitch: the size of the …
Tencent Profit Beats Estimates in Defiance of China Downturn
Tencent Holdings Ltd.’s earnings beat estimates in another sign that Chinese consumers remain willing to spend on games and entertainment during a nationwide downturn. The …
How to Manage Cash in a Downturn
The New Originals was on a hot streak last year, until it ran into the buzzsaw of inflation. The preppy, streetwear-inflected label doubled its revenue …
Why a Downturn Could Give Beauty Services a Boost
A wave of beauty start-ups is betting that customers will still want their fillers and facials, even in a recession. Glossy storefronts from Botox and …
The Debrief | Fashion CEOs Explain Why This Downturn Is Different
Follow The Debrief wherever you listen to podcasts. Fashion is bracing itself for a 2023 filled with uncertainty. An impending recession hangs in the background …