Businesses are responding to customer fatigue with price increases by shifting focus to more affordable products, reflecting a broader trend that may help curb inflation and support continued Federal Reserve interest rate cuts.
Apple chief Tim Cook, the longest-tenured member of Nike’s board of directors, is helping guide co-founder Phil Knight and executive chairman Mark Parker through one of the sportswear giant’s toughest years ever.
Sponsoring the top-class Formula 1 motor racing competition will help the group’s Louis Vuitton and TAG Heuer brands withstand the luxury downturn, writes Bloomberg’s Andrea Felsted.
Dockworkers across the US East and Gulf coasts have launched a historic strike for the first time in nearly 50 years, disrupting operations at 36 major ports and potentially causing an economic loss of up to $4.5 billion daily.
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China’s consumer frugality is fuelling sluggish earnings for global brands like L’Oréal and LVMH, while local rivals such as Proya Cosmetics thrive, capitalising on affordable products and strong online marketing.
The fortunes of France’s luxury billionaires — Bernard Arnault, Francoise Bettencourt Meyers, and Francois Pinault — have plummeted by a combined $58 billion this year as consumer demand for high-end goods declines, particularly in China.
Ashley's Frasers Group is the struggling fast fashion e-tailer's largest shareholder and is pushing for more control.
The decision comes after Mulberry turned down Frasers’ latest bid of 150 pence per share Tuesday.
The Birkin bag maker is expected to report its weakest quarterly revenue growth since the end of 2021 when it releases sales figures on Thursday.
Gatemore Capital Management has acquired a stake in Watches of Switzerland Group Plc and is urging the luxury watch retailer to implement an aggressive share buyback of £25 million to £50 million and consider a US listing.
UK retail sales unexpectedly rose 0.3 percent in September, driven by strong demand for consumer technology, providing a much-needed boost for the government ahead of its upcoming budget amid concerns over rising taxes and consumer confidence.
CVS Health has appointed David Joyner as its new CEO, replacing Karen Lynch amid ongoing financial struggles and shareholder unrest, as the company faces rising medical costs and missed earnings targets.
