French luxury conglomerate Kering, parent of Gucci, Saint Laurent and Balenciaga, confirmed a data breach that puts millions of customer records at risk.
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Italian Authorities Hit Giorgio Armani With $4 Million Fine For False Ethical Claims
Italy’s AGCM fined Giorgio Armani $4M for untruthful ethical claims, linked to past worker abuse allegations in its ‘Made In Italy’ supply chain.
Luxury Slowdown Deepens As LVMH’s Fashion And Leather Goods Juggernaut Plunges 12%
When the industry’s juggernaut – LVMH – sees its largest fashion and leather goods segment down 8% in 1H2025, it is warning of a wider industry downturn.
How Aspirational Overreach Killed the Goose That Laid Luxury’s Golden Egg
Luxury’s focus on accessibility fueled growth but alienated top spenders. Now facing a slowdown, brands must return to core luxury values and first principles.
Luxury’s Luster Fades As Consumers’ Emotional Disconnect Deepens
Luxury consumers, disillusioned by recent price hikes and stagnant creativity, are pulling back on purchases, leading to a 5% drop in the luxury goods market.
