LuxuryBrand

Kering Set to Finalize Property Deal by Early 2025 to Alleviate Debt Pressure

5 days ago

Kering, the luxury conglomerate known for brands such as Gucci and Saint Laurent, is on the verge of completing a significant property transaction as it seeks to strengthen its financial footing. With plans to finalize the deal by the early months of 2025, Kering aims to reduce its considerable debt burden and enhance its overall financial health.

Isabel Marant's Financial Woes: How Sales Slump has Impacted Brand Bonds

28 days ago

In a troubling turn for the French fashion industry, the luxury brand Isabel Marant is facing significant financial struggles as sales have witnessed a dramatic decline. This downturn has directly affected the brand's bond market, leading to a notable drop in bond prices. Investors are now questioning the brand's stability and future prospects amid this slump.

Luxury Sector Faces Turmoil as Chinese Shoppers Retreat from European Brands

2 months ago

In a notable shift within the luxury sector, major European brands such as LVMH and Kering are witnessing a significant downturn in sales, driven chiefly by a retreating Chinese consumer base. Once the mainstay of luxury shopping, Chinese customers have greatly reduced their spending abroad, which is critically impacting these luxury giants that rely heavily on this demographic.

Federal Judge Prevents Tapestry's Acquisition of Capri in Major FTC Victory

2 months ago

In a significant legal development affecting the fashion industry, a federal judge has blocked Tapestry's proposed acquisition of Capri Holdings, a move that has been hailed as a triumph for the Federal Trade Commission (FTC). Tapestry, the parent company of luxury brands like Coach and Kate Spade, had sought to acquire Capri, which owns labels including Versace, Michael Kors, and Jimmy Choo, in a deal valued at approximately $8 billion.