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Author: Bloomberg
The continent’s leading luxury retail streets saw a 13 percent rise in new outlets last year, with fierce competition for prime locations, according to Cushman & Wakefield.
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Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
Alibaba Group Holding Ltd. aims to quintuple cloud and AI revenue to $100 billion annually in five years, setting a high bar for its artificial intelligence endeavours to offset the plateauing of a once pre-eminent e-commerce empire. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
It began as a whisper, rippling through social media: Harry Styles is coming back. After spending more than two years largely off the grid — running marathons in Tokyo and Berlin, witnessing the Pope’s ascent to power in Rome — he returned this winter with a new album titled Kiss All The Time. Disco, Occasionally and a world tour. But lost in the press frenzy surrounding his new music was another release: a Valentine’s Day restock of the highly coveted vibrator and lube from Styles’ beauty and wellness brand, Pleasing. Please sign in to ensure you can read our agenda-setting…
The number of companies suing for tariff refunds has spiked recently, with the latest group including companies such as Prada and Adidas, in a sign importers aren’t confident in the plan to create a claims process.