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Luxury stocks tumbled Wednesday after a profit warning from Gucci parent Kering laid bare a sharp slowdown in once soaring demand for high-end goods, especially in China.
The luxury boom of the pandemic era has turned into a bust, hurting some of the industry’s most prominent players. The latest victim is Gucci and Yves Saint Laurent’s French owner, Kering.
The leather-weaver Bottega Veneta was transformed into a "quiet luxury" icon, hitting the billion-dollar mark in sales in 2012. [30] In 2014, Kering created its own eyewear production arm, Kering Eyewear, growing its revenue to 1.5 billion euros in 2023, and acquired the eyewear brands Lindberg in 2021 [ 31 ] and Maui Jim in 2022. [ 32 ]
Gucci's 100th birthday celebration was a star-studded event graced by local celebrities such as JJ Lin, Fann Wong and Nathan Hartono. Gucci reopens revamped Singapore flagship store Skip to main ...
In 2022, the Singapore Retailers Association organised its last Great Singapore Sale from 9 September to 10 October 2022. In 2023, the Singapore Retailers Association announced that it would no longer organise the Great Singapore Sale, and instead act as a coordinating partner where they would announce the date and allow the retailers and e ...
In the 1960s and 1970s DFS Group significantly expanded their operation in Pacific Islands and North America. DFS capitalized on the rising wave of Asian tourists who began to travel further overseas, opening stores in international airports and later in downtown locations where travelers have their purchases delivered before departure. [8]
The Gucci page features a plethora of cute kicks. While there’s no official announcement for when the Gucci x DSW partnership came to be, you can shop men’s, women’s and even kids’ (if you ...
Location of Singapore Singapore is a sovereign island country in maritime Southeast Asia. A global city, it has a highly developed market economy, based historically on extended entrepôt trade and more recently as a financial hub as well. Its economy is known as the most freest, most innovative, most competitive, most dynamic and most business-friendly in the world by various multinational ...