LVMH, which owns brands from Fendi to Hennessy Cognac and Sephora, said on Thursday that its fourth-quarter sales growth accelerated, hitting €20.02 billion overall. The growth was primarily led by the group’s largest earners, Louis Vuitton and Christian Dior. Louis Vuitton and Dior propelled a 28% increase in sales of fashion and leather goods — […]
Study after study shows that younger generations of consumers are more environmentally and socially conscious than their elders. More importantly for brands perhaps, is that their disquiet with the current state of the world colours their shopping habits. Fashion brands around the globe are beginning to realise that they must adjust their offering (and more […]
The collapse in international tourism has only made matters worse. Whether it’s London’s West End or Tokyo’s Ginza, luxury retailers pack together to attract well-heeled travellers both domestic and international. International tourists can count for as much as 75% of footfall in those locations, and a tendency to buy higher-priced, higher-margin products means their importance […]
CEO Today Online and CEO Today magazine are dedicated to providing CEOs and C-level executives with the latest corporate developments, business news and technological innovations.
