Bloomberg
Nike CEO Pledges to Reignite Growth
Nike's new Chief Executive Officer Elliott Hill pledged to reignite growth by revamping the company's products and refocusing around sports like basketball, football and soccer. Nike will also more closely manage inventory to avoid...
Bloomberg
Hermes Sales Jump in 2Q, Outperforms Luxury Peers
Hermes sales jumped in the second quarter as the company weathered the luxury demand slowdown better than peers. Hermes' two biggest units, leather goods and saddlery and ready-to-wear and accessories, saw double-digit growth rates....
Bloomberg
Designer Vivienne Tam Slams 'Too Much Waste' in Fashion
Fashion designer Vivienne Tam says designers have a responsibility to be more sustainable in a world dominated by fast fashion. She suggests many brands are touting sustainability credentials only as a "marketing concept." For her own...
Bloomberg
Fashion Designer Vivienne Tam Says China's Shoppers Are Finally Embracing 'Chinese-ness'
Fashion designer Vivienne Tam's work blends together cultural inspirations from East and West. She says that's a big plus for the Chinese market, where customers used to shun Chinese styles but are now embracing "Chinese-ness" and...
Bloomberg
Burberry Set to Be Dropped From FTSE 100
Burberry, the 168-year old UK fashion company, is set to be dropped from the FTSE 100 index, ending a 15-year presence on the blue-chip benchmark after its capitalization fell below the level required to keep its place. Angelina Rascouet...
Bloomberg
LVMH Invests in Moncler Through Ruffini Deal
LVMH is investing in designer outerwear label Moncler. LVMH is buying a 10% stake in Double R, the investment vehicle controlled by Moncler Chairman and CEO Remo Ruffini, which itself owns a 15.8% stake in Moncler. The deal will give the...
Bloomberg
Europe's Luxury Firms Won't See Quick Rebound in China Demand: Artemis
Europe's luxury firms won't see a quick rebound in China despite recent efforts by Beijing to revive the economy, says Swetha Ramachandran, fund manager at Artemis. "Household deposits are at record highs, savings rates are enormously...
Bloomberg
China Slump Hurts LVMH as Sales in Region Fall 16%
LVMH's sales of fashion and leather goods fell for the first time since the pandemic as the industry's biggest player was hammered by a slump in demand from Chinese consumers whose appetite for high-end purchases once seemed insatiable....
Bloomberg
Hermes Sales Increase Amid Resilient Demand for Handbags
Hermes sales rose as the company met resilient demand for its pricey handbags, bucking the broader luxury market slump that's dragged down peers like Kering SA. Sales increased 11.3% at constant exchange rates in the third quarter, just...
Curated Video
Former Abercrombie & Fitch chief Mike Jeffries arrested on federal sex trafficking charges
After years of sexual misconduct allegations, Abercrombie & Fitch's former CEO Mike Jeffries was arrested on federal sex trafficking charges. (Scripps News)
Curated Video
Black photography duo encourages Black youth to embrace natural hair
The couple has also been spreading the message of self-love, and it turns out many schools were hungry for those kinds of messages.
Press Association
Culture Secretary speaks at Global Investment Summit
Culture Secretary Lucy Frazer said the UK's creative industries had benefited from a decade of tax reliefs from Conservative governments, as she spoke at the Global Investment Summit at Hampton Court Palace. Ms Frazer said: "Today we...
Bloomberg
LVMH Sales Fall Amid Softer Demand for Luxury Items
LVMH, the world's largest luxury group, reported softer sales growth in the third quarter more evidence the post-pandemic boom in high-end goods is losing steam. Caroline Connan reports on Bloomberg Television.
Bloomberg
Valentino Chair Expects Kering to Take Bigger Stake
Valentino Chairman Rachid Mohamed Rachid joins Kriti Gupta on The Pulse to discuss the Valentino and Kering deal.
Bloomberg
Anya Hindmarch on Sustainability, Inflation
Fashion Designer Anya Hindmarch says inflation is challenging in every aspect of her business. She also discusses how she's incorporating sustainability in her company, collaborating with supermarkets and inspiring people to reuse bags...
Bloomberg
Billionaire Pinault Seeks Majority Stake in Talent Agency CAA
Luxury tycoon Francois-Henri Pinault is reportedly in advanced talks with Creative Artists Agency on a majority stake which could fetch the talent agency a valuation of at least $7 billion. Bloomberg Quicktake's Alex Webb has more on...
Bloomberg
LVMH's Arnault Plans to Visit China After Musk and Dimon
China has been rolling out the red carpet for global business leaders including JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and Tesla Inc. CEO Elon Musk. Beijing wants to calm fears the country is becoming more hostile...
Bloomberg
LVMH CEO Arnault's Fortune Soars Past $200Billion for First Time
French tycoon Bernard Arnault's net worth exceeded $200 billion for the first time. The head of luxury-goods powerhouse LVMH is the third person ever to reach that level of personal wealth. Caroline Connan reports on Bloomberg...
Bloomberg
LVMH, Europe's Most-Valuable Company, Jumps to Record High
LVMH shares jumped to a record as Chinese shoppers splashed out on luxury handbags and jewelry, helping sales to top estimates. Demand grew in every region in the first three months as shoppers snapped up luxury items, from Christian...
Bloomberg
LVMH Sales Jump as Chinese Consumers Start to Splurge
Chinese consumers helped LVMH boost sales by 18% in the first quarter. The slump in Chinese demand began to recede as the country moved toward living with the coronavirus. Jinshan Hong reports on Bloomberg Television.
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David Permut at the "Magic In The Moonlight" Los Angeles Premiere
David Permut at the 'Magic In The Moonlight' Los Angeles Premiere at Pickford Center for Motion Study on July 21, 2014 in Hollywood, California.