Finance News – Luxury Goods
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There’s finally inflation from tariffs — in Hermes bags
Hermes International has adjusted its prices for U.S. buyers to reflect added costs resulting from new import duties, impacting the overall expense of acquiring their luxury produc...
Read Full Article →A new dimension of luxury: Are TikTok and Gen Z responsible for the boom in the European market?
The European luxury goods market grew by 3% in 2024, reaching nearly €110 billion, driven in part by emerging consumer trends linked to younger demographics and social media influe...
Read Full Article →Kering shares surge on reports it’s luring auto exec to run Gucci maker
Kering experienced a notable increase in its stock value following news that it may appoint Renault's top executive to lead the luxury fashion conglomerate, reflecting investor opt...
Read Full Article →Is Burberry’s job-slashing shake-up enough to save the troubled brand?
Burberry’s decision to reduce its workforce following a significant decline in profits reflects challenges in both the luxury market and brand appeal, prompting a notable positive...
Read Full Article →Burberry may cut 1,700 jobs globally to reduce costs as profits fall
Burberry’s planned workforce reductions and operational changes aim to improve financial stability following a significant decline in annual earnings amid challenges in the luxury...
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