Saks is struggling with declining sales, lost customer trust, vendors holding shipments, executive exodus and liquidity issues. raising doubts about continued viability.
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LuxExperience Leadership Transition Sets YNAP On Path To Growth Alongside Mytheresa
LuxExperience appointed Francis Belin as Mytheresa CEO, enabling Michael Kliger to spearhead the integration of acquired YNAP brands (Net-A-Porter, Mr Porter, YOOX).
Luxury Brand Valuations Drop As Consumer Demand Slackens
The luxury market is experiencing a significant downturn, with Interbrand reporting a 5% drop in top brand valuations like Louis Vuitton and Gucci in 2025.
What The $4.7 Billion Beauty Deal Means For Kering And L’Oréal
In a win/win deal, L’Oréal will acquire Kering Beauté, including the Creed fragrance brand, for $4.7 billion in its largest acquisition to date.
De Beers Launches Major Industry-Wide Campaign To Promote Natural ‘Desert Diamonds’
De Beers launched its largest diamond campaign in a decade to promote “Desert Diamonds,” natural colored stones, emphasizing rarity, uniqueness and connection to nature.
