The Company expects gross and operating margin pressure to continue in the first half of 2023 as it sells through the remainder of its higher-cost inventory.

Swedish packaging startup Yangi has announced that it h […]

Currently scaling up production with BioBrew from AB InBev, EVERY is well positioned to drive the next wave of food systems innovation.

Dani Reiss, Canada Goose Chairman and CEO, said:“We are confident that the brand has regained its original momentum.”

Chanel continues to invest in Italy, acquiring eight local companies in three years.

Estée said it expects a return to sales growth in Mainland China and Asia travel retail in the second half of the year.

The company was upbeat about a recovery in China, a key market for the luxury sector overall and Swatch Group in particular where it generates around a third of its sales, according to estimates by Zuercher Kantonalbank.

The deal comes at a time when the entire luxury industry is investing heavily in digital services. During the pandemic, luxury companies got rid of past concerns and turned to develop new channels to connect with their customers, thus turning to online options faster.

Led by Regah Ventures, sports luminaries, including New York Giants captain Xavier McKinney, NBA player PJ Tucker and Premier League soccer player Jesse Lingard followed suit.

An exclusive interview with Mr. Bernd Pichler, Executive General Manager of Bentley Motors China, Hong Kong, and Macau.