Richemont’s Sales Soar on Strong Demand in China and Japan

There was a time last year when we heard luxury retailers say that the slowdown they were experiencing was a sign of “normalization,” but now they are warning that profits are continuing down. So, is this truly “normalization” or just inflation at its finest?  Read...

Private equity firm SKKY Partners has added former Apple Retail executive Angela Ahrendts as senior operating adviser. Ahrendts will work with SKKY Partners founders Kim Kardashian and Jay Sammons and the team to identify and evaluate prospective investment opportunities, serve as a resource for the companies in which SKKY invests, and...

After a COVID-inspired sales drop, luxury brands Burberry and Richemont see hope in China’s reopening. The country last week lifted some of its pandemic restrictions, offering a balm to retailers who welcome the return of shoppers from China, the world’s second-largest luxury goods consumer base...

United Kingdom-based Burberry is reportedly facing the challenges of being a luxury brand whose image is not as upmarket as some of its rivals as well as being an independent brand at a time when many others are part of conglomerates. As a result, its...