Innovation in the handbag space is rare – but when it’s done well, it can rebirth and solidify a brand’s relevance. Luxury handbags are more …
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Used Clothes Pile Up as Ghana’s Kantamanto Market Struggles to Rebuild After Fire
It was a blaze that left two people dead and destroyed the fabric of one of the world’s largest secondhand clothes markets. It also wiped …
TikTok Grabs Market Share From Shein Despite Looming Risks
TikTok Shop, the Bytedance Ltd.-owned social media giant’s e-commerce feature, saw its sales outdo competition in the US just before President Donald Trump’s disruptive trade …
The Debrief | Fashion’s M&A Market is Heating Up
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Piaget’s CEO on Powering Growth in a Challenging Watch Market
Opens in new window In 2024, the value of Swiss watch exports slipped after two years of record sales in 2022 and 2023. Brands battled …
Richemont’s Market Cap Surpasses CHF100 Billion
Swiss luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs ($110 billion) for the first time, bolstered by the appeal of its blockbuster …
Primark-Owner ABF Cuts Guidance on Tough UK Retail Market
Associated British Foods Plc cut guidance for sales growth at its Primark discount fashion retailer, blaming weak UK consumer sentiment. The British conglomerate, which also …
Fire Devastates Ghana’s Kantamanto Used Clothing Market
A huge fire swept through Ghana’s Kantamanto used clothing market late Wednesday, destroying over 100 shops and causing thousands of dollars in damage, according to …
The Best of BoF 2024: Designer Reboots and a Rocky Market
Luxury brands found themselves under pressure this year. Shifting priorities, slowing economies — particularly in China — fatigue with luxury brands and frustration with soaring …
L Catterton: Finding Value in a Tough Market
Opens in new window How consumers spend their money is a topic Nikhil Thukral and L Catterton watch closely. The large, consumer-focused private equity fund, …
Is the Luxury Watch Market Turning a Corner?
Luxury watch enthusiasts are hoping that a two-year stretch of plunging prices and sagging demand is nearing an end. Hard evidence for a rebound is …
The Indie Beauty Brands Transforming Africa’s Hair Care Market
Indie hair care brands have their sights set on Africa’s beauty market. A wave of brands, including those founded by hair stylists Sam McKnight and …
Temu Owner PDD’s Sales Slow Sharply After China Market Sputters
PDD Holdings Inc.’s shares plunged after warning that its profitability will trend downward over time because of intensifying competition in its home market of China. …
Hims Drops Most Ever as Amazon Enters Hair-Loss Drug Market
Hims & Hers Health Inc. shares dropped the most in their five-year history after Amazon said it would start marketing drugs to fight hair loss, …
Asos Battling for Turnaround in Tough Market
Sales by Shein’s Ireland-registered entity Infinite Styles Ecommerce Co grew 68 percent in 2023, hitting €7.684 billion ($8.36 billion), according to annual results published on …
EssilorLuxottica Sales Slightly Miss on Worsening China Market
EssilorLuxottica SA’s third-quarter revenue slightly missed estimates on the back of a negative performance from sunglasses in North America and worsening economic conditions in China. …
Blundstone Boots Review: Best on the Market by Far in 2024
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Uniqlo Owner Targets Higher Sales From Strong Western Market
Fast Retailing Co. is filling up closets in American and European homes with its Uniqlo brand of apparel, a feat that’s helped the Japanese retailer …
Luxury Market Growth Will Hit Low Point in 2016, Forecasts Bain
VERSAILLES, France — Growth in the more than 250 billion euro ($285 billion) personal luxury goods market should pick up next year, boosted by resurgent …
Burberry’s New CEO Pledges He Won’t Take Brand Down Market
Burberry’s new American boss says taking Britain’s best-known fashion brand down market is not in the cards. Instead, Joshua Schulman said he wants to stay …