In the past three months, sales of European luxury brands of jewellery products in China have risen by over 25%.
Kering, the owner of the luxury brands Gucci, Alexander McQueen, and others, reached out to Estée Lauder to head up a new beauty division.
It looks like the steady stream of profits enjoyed by many luxury brands is starting to slow down.
Luxury goods company LVMH Moët Hennessy Louis Vuitton has announced leadership changes at flagship brands Louis Vuitton and Christian Dior.
After Covid-19 lockdown, China now plays a larger role than ever in the success or failure of luxury brands such as Louis Vuitton.
The demand for luxury brands is as hot as ever despite continued inflation, recession, war, and banking upheavals, occurring worldwide.
Having spent $9 billion on properties since 2023, luxury brand companies buy outlets across the world’s most well-known shopping districts.