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Suddenly became popular, the Miu Miu 3,250 RMB hairpin was sold out in Chinese online malls.
The 3,250 RMB hairpin of Miu Miu, the 4,750 RMB glasses cord, and the 42,200 RMB sequined underwear… These products with ridiculously high prices and not very practical are all from the luxury brand Miu Miu. Some netizens joked, "Can you become an immortal by wearing it?" Some netizens also [more ...]
The Gucci crisis deepens and the profit of Kering Group halves.
The luxury goods company Kering Group warned that as the crisis of its largest brand Gucci deepens, profits in the first half of the year will fall sharply. Kering Group issued a announcement on Tuesday, expecting that recurring operating profit in the first six months of this year will decline [more ...]
Kering Group released financial report, and Gucci's profit in the first half of the year decreased significantly.
In the evening of April 23rd, Kering Group released its first-quarter financial report, which showed that its first-quarter revenue decreased by 10% year-on-year. Similarly, the first-quarter performance report previously released by another listed luxury goods company, the Louis Vuitton Group, also showed that the sales revenue decreased by 2% year-on-year. [more ...]
Lululemon closes its Washington distribution center.
The Canadian yoga clothing brand Lululemon Athletica has decided to close its distribution center in Washington, USA before the end of this year and lay off 128 employees. When responding to media inquiries, the company said that after evaluation, the center whose lease expires in July next year will cease [more ...]
Suddenly became popular, the Miu Miu 3,250 RMB hairpin was sold out in Chinese online malls.
The 3,250 RMB hairpin of Miu Miu, the 4,750 RMB glasses cord, and the 42,200 RMB sequined underwear… These products with ridiculously high prices and not very practical are all from the luxury brand Miu Miu. Some netizens joked, "Can you become an immortal by wearing it?" Some netizens also...
The Gucci crisis deepens and the profit of Kering Group halves.
The luxury goods company Kering Group warned that as the crisis of its largest brand Gucci deepens, profits in the first half of the year will fall sharply. Kering Group issued a announcement on Tuesday, expecting that recurring operating profit in the first six months of this year will decline...
Kering Group released financial report, and Gucci's profit in the first half of the year decreased significantly.
In the evening of April 23rd, Kering Group released its first-quarter financial report, which showed that its first-quarter revenue decreased by 10% year-on-year. Similarly, the first-quarter performance report previously released by another listed luxury goods company, the Louis Vuitton Group, also showed that the sales revenue decreased by 2% year-on-year....
Lululemon closes its Washington distribution center.
The Canadian yoga clothing brand Lululemon Athletica has decided to close its distribution center in Washington, USA before the end of this year and lay off 128 employees. When responding to media inquiries, the company said that after evaluation, the center whose lease expires in July next year will cease...
Nike lays off workers, involving 740 people.
The world's major sports shoe group Nike will lay off 740 employees at its headquarters. According to a document provided by Nike to the state government where the headquarters is located in Oregon, the company will launch the second phase of the layoff plan on June 28, involving 740 employees...
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