On the surface, LVMH just reported very reassuring numbers in its third-quarter earnings update. Organic growth totaled 14% through the first nine months of 2023. However, the company took a 4% hit due to exchange rate fluctuations, so adjusting for that, sales advanced 10%, from $60 billion last year to $66 billion this year (€56.5 […]
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RSS feed for this sectionTapestry Acquiring Capri Makes Sense On Paper, But Can Management Pull It Off? Look At Kate Spade
While Tapestry’s acquisition of Capri Holdings makes sense on paper, numerous unquantifiable human factors will ultimately make or break its long-term success.
Invigorated By New Leadership, Everlane Continues To Disrupt The Fashion Industry
The direct-to-consumer fashion brand Everlane made a big splash upon its founding in 2010 by Michael Preysman. It introduced the idea of “radical transparency” in pricing for fashion basics with a commitment to ethical business practices for people and the planet. Preysman was named to Forbes’ 30 under 30 class of 2015 and honored as […]
Aspirational Consumers Pull Back, Driving Down Luxury Leaders’ U.S. Sales
The leading global luxury brands showed topline gains for the first half of the year, despite a drop in sales in the U.S., where aspirational consumers are stretched thin and have cut back on indulgent purchases. In most recent reporting, all but Kering showed outstanding topline gains – LVMH was up 15% to $46.5 billion […]
RH Next Steps: Prospects For RH England, Aynho Park, Memberships, Contemporary and More
RH got off to a rough start in 2023, but two new surveys among U.K. designers and HNW affluent consumers in U.S. and U.K. show green shoots for the company.