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CHINA LUXURY MARKET
Hermes, try a scarf around just ChinaHermes is facing a decline in revenue growth driven by decreasing demand in its Chinese market. The brand recognizes the importance of main...- Global luxury goods industry set for recovery in 2027, US to remain bright spot: Goldman SachsThe global luxury goods industry is expected to witness a recovery after several years of sluggish sales performance, with revenues of majo...
- Climbing down the Moutai: Is the prestigious Moutai brand crumbling under China's anti-extravagance campaign and economic turmoil?Moutai, a prominent baijiu brand in China, has experienced significant fluctuations in demand and prices. The brand's popularity is affecte...
- Apple launches into foldable market as iPhone Duo sales beginSales of Apple's iPhone Duo began recently, with significant demand leading to delayed delivery dates for customers. Mixed reviews highligh...
- Prada Q3 revenue rises in a slowing luxe marketItalian luxury group Prada reported a 1% organic growth in revenue for the third quarter of the year. This performance reflects resilience ...
- Chinese spending curbs weigh on Hermes salesRevenue in the region that includes China, the luxury group's biggest market, flatlined at constant exchange rates, Hermes International sa...
- 'India a rising star in Swiss watch exports market': Franck Muller's Erol BaliyanIndia is poised to rank as the seventh or eighth largest export market for Swiss watches in the upcoming year. The country experienced a 28...
- China's luxury demand recovery may remain elusive, forcing global brands to rethink growth: Bernstein reportA report by Bernstein indicates that the luxury goods industry faces challenges due to reduced Chinese consumer demand. Economic factors su...
- Driving a wedge in the EU EV marketChinese automobile companies are presenting their advanced technologies at the Paris auto show to attract European buyers. European car man...
- Global Market: European shares rise as lower oil prices lift sentiment; tech stocks slideEuropean markets saw an uptick, driven by declining oil prices that buoyed sentiment across numerous sectors. However, the technology indus...
- Diwali Sale 2026: Buying fridge, AC, or washing machine online? Here’s how to get the best deal on big appliances and save moreOnline sales of big appliances are growing at 25% as the festive sales begin. The Kagan 2026 Asia-Pacific Consumer Insights survey by S&P G...
- LVMH's weak China sales raise fresh concerns over global luxury market recoveryLVMH's quarterly report indicated a 5% decline in fashion and leather goods sales due to weak demand. The company's overall organic sales g...
- India, Vietnam, Thailand emerge as branded residence hotspots as growth hits 200%Vietnam, Thailand, and India are emerging as key players in the global branded residences market. The growth rate for branded residential p...
- Uniqlo owner's Western bet pays off as profit surges 32%Fast Retailing, the owner of Uniqlo, has recorded a 32% boost in yearly profit fueled by soaring sales. The company has reached a key miles...
- India hotel deals nearly triple to $493 million in H1 2026Hotel property transactions in India surged nearly threefold year-on-year to $493 million in the first half of 2026, JLL data showed. The f...
- US luxury spending falls for third month as wealthy shoppers turn cautious ahead of midtermsUS credit card spending on luxury brands fell by 6% from a year earlier in September. This marked the third consecutive monthly decline lea...
- As Thailand cracks down on foreigners, a tourist paradise reconsiders its welcomeThailand is facing a growing backlash against foreign influence in its tourist hotspots, particularly southern islands such as Koh Phangan,...
- BMW to cut 8,000 jobs in Germany as AI-led restructuring takes shapeBMW plans to eliminate around 8,000 jobs in Germany as part of its cost-cutting restructuring plan. The German luxury automaker aims to enh...
- How much money is considered rich in America? $2.3 million may be the benchmark, but where you live changes everythingThere is no number that suddenly makes a person rich. Still, Americans have a figure in mind. A 2025 Charles Schwab survey found that peopl...
- It's the right time to invest in India: Swiss luxury watchmaker Baume & Mercier CEOSwiss luxury watchmakers, particularly Baume & Mercier, are planning significant investments in India due to the India-EFTA trade pact. Des...
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