SMCP returns to growth, ending legal battle Asia On August 11, 2025, SMCP (including Sandro and Maje) announced the end of a legal battle from 2021.…
With Faume, Soeur launches into second-hand goods via an omnichannel approach Europe On February 26, 2025, the French fashion brand Soeur (turnover of €65 million in 2024, up by 30% in a year via 54 points of sale in Europe) rolled out a second-hand platform “…
Faced with the downturn in Asia, Kering’s sales fell by 12% and LVMH by 2% Americas Europe For LVMH and Kering, the world's n°1 and n°3 luxury retailers, Asia, which had long been a growth driver, has weighed down annual results in 2024. Meanwhile, the 25% tariffs announced on February 26 could also hamper demand in the U.S.
Aldar Properties and Mubadala create a US$2.45 billion joint venture Africa, Middle East On September 18, the Prince and Chairman of the Executive Council of Abu Dhabi, Sheikh Khaled bin Mohamed,…
USA. Why Paco Rabanne and Kering are investing in beauty Americas In parallel with a diversification into make-up, Paco Rabanne announces the opening of a flagship store in New York. Meanwhile, Kering is due to acquire the Creed perfume brand. For the luxury giants, strengthening beauty offers means reaching and winning with a new audience.
Why South Korea has become a springboard for LVMH and Gucci Asia With luxury purchases of US$325 per capita in 2022, South Koreans are the now the world's largest customers for high-end goods. Whilst luxury sales could fall in the U.S.A. in 2023 due to tensions in the housing market, the head of LVMH travelled to Seoul to meet potential partners and K-Pop influencers.
