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GUCCI BRAND STRUGGLES
A $176 billion reality check for Europe’s luxury brands as Middle East tensions hit shoppersA distant war is impacting global luxury sales. Europe's top luxury firms have lost billions in market value. The Middle East, a key growth...- India's luxury promise hits a wall, not enough malls to shop inIndia's wealthy are eager for luxury brands like Louis Vuitton and Chanel. However, a critical lack of prime retail locations is slowing th...
- Saks Global files for bankruptcy due to heavy debt load months after Neiman Marcus takeover; Here’s how the luxury retail group can revive itself as time runs outUS luxury retail group Saks Global filed for bankruptcy protection on Tuesday (January 13, 2026), burdened by substantial debt from the pan...
- China's Anta Sports and Li Ning exploring bid for Puma, source saysChinese sportswear giants Anta Sports and Li Ning are reportedly looking at buying German brand Puma. Puma's market value has dropped signi...
- L'Oreal eyeing stake in Armani after acquiring Kering's beauty armFrench cosmetics giant L'Oreal is eyeing a stake in Italian luxury brand Armani. This interest follows the late founder Giorgio Armani's wi...
- Gucci owner sells beauty unit to L'Oreal for $4.7 billionIn a bold strategic shift, Kering, the parent company of Gucci, has decided to offload its beauty division to L'Oreal for a hefty $4.7 bill...
- Kering agrees to sell beauty unit to L'Oreal for $4.7 billion as De Meo trims debtGucci owner Kering is selling its beauty division to L'Oreal for 4 billion euros. This major deal includes the fragrance brand Creed and lo...
- Maverick Georgian designer Demna debuts for Gucci in MilanDemna is set to debut for Gucci at Milan Fashion Week. He takes over after a decade at Balenciaga. The collection, "La Famiglia," humorousl...
- High stakes for high fashion: Brands bet on luxury revival on the catwalkLuxury brands like Chanel, Dior, and Gucci are introducing new designers amidst a challenging economic climate. The high-end industry is st...
- Who is Luca de Meo, reported to be Kering's new CEO?Luca de Meo may become the new CEO of Kering. He is currently the CEO of Renault. Kering owns Gucci and other luxury brands. De Meo has exp...
- Renault boss De Meo quits; report says he will head Gucci-owner KeringLuca de Meo, the Renault CEO, is departing. He might head to Kering, the owner of Gucci. De Meo successfully turned around Renault. He over...
- Gucci’s China shock reverberates across the luxury landscapeFears of a slowdown in luxury spending among Chinese consumers have been growing for some time, and recent events have underscored this con...
- Gucci's new director launches shimmering, elegant men's clothing line for Milan Fashion WeekThe 40-year-old Neapolitan playfully embellished a classic wardrobe with glittering chokers, sequined tank tops and satin bomber jackets.
- Reliance attracts luxury brands from Gucci to Louis Vuitton to its space amid India's economic boomLuxury brands such as Gucci, Cartier, and Louis Vuitton have signed leases for stores in Mukesh Ambani's new Mumbai mall, taking advantage ...
- Hotel retailers struggle to stay afloat amid rising COVID-19 casesWith the Delhi government continuing with curbs on regular operations, and occupancies continuing to stay muted in other states due to risi...
- Paris billionaire rivalry fuels pursuit of Tiffany, MonclerThe rivalry, more than two decades in the making, has defined the modern luxury industry and shows no signs of ending. Since 2001, when Ker...
- Christian Dior struggles to find the right fit in search for a designerOne of the world’s biggest fashion brands, is struggling to find a creative director more than six months after the abrupt departure of Raf...
- Fashion biggies who haven't named a successor yetAt its core, the business of fashion is an endless quest for something new. Problem is, some of the biggest names are getting rather old.
- China's luxury products market on decline: StudyChina's luxury market has experienced a negative trend for the first time after eight years of consecutive growth, the study said.
- Chinese malls waive rents as vacancies beat demand by huge marginMall space in China's four major cities will grow about 40% by the end of 2015, while in 16 smaller cities it will double in the period
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