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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...- 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...
- Be agent provocateur: India's internet needs an AI makeoverAs India's digital ecosystem experiences rapid transformation, it is imperative to enhance support for the growing presence of AI agents in...
- AI agent wars: OpenAI’s Dots wades into a market warmed up by Instinct and Meta’s MuseThe launch of OpenAI's Dots comes amid the agentic frenzy launched by Meta's Muse earlier this month. Muse targets professionals and compan...
- AI agents take over online shopping: Ecommerce firms rethink pricing, verificationIndia’s ecommerce and digital platforms are preparing for a surge in personal AI agents that could increasingly make shopping decisions and...
- EM local bonds gain favour as dollar debt lagsCurrent trends indicate that investors are leaning towards local emerging market debt rather than dollar-denominated bonds. The allure of a...
- LVMH signed a secret 2002 pact to buy Hermes heir's shares. Now he says his fortune is missingLuxury giant LVMH signed a secret 2002 agreement to buy Hermes shares from Nicolas Puech. The company also paid his wealth manager over twe...
- Fed builds credibility, but hawkish turn leaves investors edgyIn a significant move, the Federal Reserve has raised interest rates for the first time since 2023, marking a shift towards a hawkish stanc...
- Solar's $1.3 bn bet is a turn for India's defence-industrial complexThe piece argues that Solar Industries’ ₹12,951-crore acquisition of South Africa’s Omnia Holdings could mark a new phase for India’s defen...
- CEO asks ex to return Rs 3.53 crore he spent on Hermes, Prada gifts, cites Rs 1.55 crore crdit card charges, Rs 12.8 lakh feng shuiTCI Express CEO Chander Agarwal lost his Singapore lawsuit seeking S$468,090 (about Rs 3.53 crore) from former girlfriend Felicia Lee after...
- Suez Canal revival gathers pace as Hormuz crisis reroutes shipsThe Suez Canal experienced a striking 42% increase in revenue during July, attributed to the rerouting of maritime traffic caused by the cl...
- In 1948, a male rhesus monkey named Albert was launched on a V-2 rocket by the US towards space but the mission failed and the animal did not survive the flightIn 1948, a male rhesus monkey named Albert was launched on a V-2 rocket by the US towards space in an early animal flight test. Albert I re...
- Rise of AI shopping pushes merchants to protect loyalty, Adyen saysAdyen co-CEO Pieter van der Does told Reuters that a merchant he spoke with this week generated 70% of its volume through direct channels a...
- Iran releases video claiming to show captured US Reaper, Israeli Hermes dronesIran has unveiled footage of what it claims is the wreckage of US and Israeli drones, demonstrating its air defense capabilities. However, ...
- Hermes' new designer brings Indie spirit to tradition-rich brandIn a historic move, Hermes has named Grace Wales Bonner as its innovative creative director for men's ready-to-wear collections. As the fir...
- Hermes wins permanent ban on 'MetaBirkin' NFT sales in US lawsuitA Manhattan federal judge on Friday granted Hermes' request to permanently block artist Mason Rothschild's sales of "MetaBirkin" non-fungib...
- You had to slow down for artist Robert Dallet: Hermes’s Pierre Alexis DumasDallet, who passed away in 2006, now has his works exhibited at the Hermes store in Mumbai, a part of a series.
- Birkin bag maker Hermes International SCA overtakes France's second biggest bank Societe Generale SA by market valueHermes, maker of Birkin bags and the best performer this year in France's SBF-120 Index, has overtaken Societe Generale SA by market value.
- Hermes to launch limited edition $1,800 sarees in India in OctoberA Hermes India spokesperson confirmed that the brand would launch a limited edition collection of four to five silk sarees in India in Octo...
- Hermes gets FIPB nod to set up shopAt a time when entry of international brands into India through the franchise route is facing regulatory hurdles, the Foreign Investment Pr...
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