"We see Hermes as the best current opportunity to protect the portfolio from a difficult (second half of 2024)" suffering from a global cyclical slowdown exacerbated by structural issues in China,"
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The mall, which an industry source said is likely to open this year, is located inside Reliance's $1 billion business and cultural hub in Mumbai
They should hold your daily-use items and match the culture of your workplace
The president and CEO of Gucci is stepping down later this year, the latest shakeup to the luxury fashion brand and coming as part of a series of changes to its parent company, the French conglomerate Kering. Marco Bizzarri will depart the Italian design house in September after eight years at the helm, with Kering saying on Tuesday that he "masterminded the execution of Gucci's outstanding growth strategy since 2015". He was part of Kering's leadership for 18 years. Bizzarri will be replaced by Jean-Francois Palus, who is now Kering's managing director. Palus will be tasked with strengthening Gucci's teams and operations as the brand rebuilds influence and momentum, according to the company's statement. Historically, Gucci accounted for most of Kering's profits, but it has been under some scrutiny after underperforming rivals. Kering also said it was promoting Yves Saint Laurent President and CEO Francesca Bellettini as deputy CEO for brand development, managing all of its fashion
The strong comeback by Gucci after a disappointing third quarter will come as a relief for Kering, as the label accounts for 60% of its revenues and around 70% of its profits
Research, led by social media analytics firm Ghost Data and shared exclusively with Reuters, showed counterfeiters hawking imitations of luxury brands including Gucci, Louis Vuitton, Fendi, and Prada
Popular Italian fashion brand Gucci has released two new cases for Apple AirPods at a starting price of $460
Churn, disruption and agility are the key takeaways of the decade
Patricia Gucci stayed away from luxury for more than 20 years. But now she has a high-end luggage label
Across the luxury goods industry as a whole, e-commerce accounts for around 10 percent of business today and should reach 25 percent of sales by 2025
It is the educated consumer who caused an epiphany on both the high street and the haute street
This year Kylie Jenner kept the Balmain-clad Kardashian klan in the lime light