The luxury market is slowing, with online sales flat and customer numbers down. Livestream e-commerce, exemplified by Covet by Christos, shows a way to bridge the gap.
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Saks Global Nears Bankruptcy After CEO And Senior Leaders Abandon Ship
Saks is struggling with declining sales, lost customer trust, vendors holding shipments, executive exodus and liquidity issues. raising doubts about continued viability.
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.
