kering

China’s Secondhand Luxury Market Blooms as Consumers Feel Pinched

China’s Secondhand Luxury Market Blooms as Consumers Feel Pinched
China’s Secondhand Luxury Market Blooms as Consumers Feel Pinched
November 24, 2024  |  Retail

While Chinese consumers are struggling, the country’s secondhand luxury market is reportedly thriving. Get the Full Story Complete the form to unlock this article and...

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Luxury Firms Compete for Buildings on Fifth Avenue
Luxury Firms Compete for Buildings on Fifth Avenue
April 08, 2024  |  Retail

Luxury firms Chanel and LVMH are reportedly competing to become the new owner of a building on Manhattan’s Fifth Avenue. Get the Full Story Complete the form to unlock...

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Luxury Brands Spend Billions for High-End Shopping Real Estate
Luxury Brands Spend Billions for High-End Shopping Real Estate
April 07, 2024  |  Retail

Luxury brands like Gucci are reportedly spending billions to stay at high-profile addresses. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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LVMH Takes on Hollywood as Luxury Brands Step up Media Efforts
LVMH Takes on Hollywood as Luxury Brands Step up Media Efforts
February 23, 2024  |  Retail

LVMH is making its way to Tinseltown, establishing a foothold in film and television to drive brand visibility and relevance. Get the Full Story Complete...

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Kering Says Macroeconomic Conditions and Distribution Changes Lowered Revenue
Kering Says Macroeconomic Conditions and Distribution Changes Lowered Revenue
October 24, 2023  |  Retail

Luxury group Kering reported a 9% decline in revenue on a comparable basis in the third quarter, attributing the drop to macroeconomic conditions and its own changes...

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RBC Capital Markets Predicts Luxury Sector Downturn
RBC Capital Markets Predicts Luxury Sector Downturn
October 11, 2023  |  Retail

The luxury goods sector may be facing a potential downturn, according to RBC Capital Markets. Get the Full Story Complete the form to unlock this article...

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Gucci Doubles Down on China’s Consumers With JD.com Expansion
Gucci Doubles Down on China’s Consumers With JD.com Expansion
August 21, 2023  |  eCommerce

As Richemont acknowledges the declining influence of China on luxury shopping, Kering is seeking to delve deeper into the market, aiming to connect with consumers...

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Richemont Confirms China’s Diminishing Role in Luxury Retail 
Richemont Confirms China’s Diminishing Role in Luxury Retail 
July 18, 2023  |  Retail

China, once hailed as the savior of the luxury sector, is no longer providing the same support as before, at least for now. The industry...

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Kering Says China’s COVID Restrictions Slowed Luxury Sales
Kering Says China’s COVID Restrictions Slowed Luxury Sales
February 15, 2023  |  Retail

Global luxury group Kering ran into headwinds during the fourth quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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