Asians catching up on the West’s obsession with health and wellness is a trend that has created attractive investment opportunities, Ravi Thakran, a regional LVMH boss, told a luxury conference on Tuesday.
Michael Kors may have seen its shares falling sharply after sales missed analysts’ forecasts, but the message from the company’s top team was (almost) all positive as it looked to a time when it will be an $8bn group.
Ikea is planning to hire 10,000 workers in Maharashtra, half of these directly and the rest indirectly, over the next two to three years, according to its people and culture manager for India Anna-Carin Mansson.
Primark's full-year results showed it bucking the market trend but not immune to it. Its sales and profits rose but like-for-like sales fell. However, the UK, Europe and US all proved strong in the circumstances.
The news doesn't get any better for Esprit with the fashion giant saying that its fiscal first quarter was tough. And the warm summer weather continuing into early autumn seems to have been partly to blame.
“My father was in charge of manufacturing for 45 years here and never ever wanted anyone in our factory,” chuckled Nadja Swarovski after opening the doors of the family's famed crystal-making plant in the Austrian Alps.
Debenhams reported its biggest-ever loss on Thursday and confirmed a plan to close 50 stores as well as saying the beauty market has dipped in recent months. But it’s remaining upbeat and thinks it’s on the right track.
Launching on Friday 26 October in a limited number, the Köln Travel Kit includes a curated selection of nine Aesop formulations stored in a small aluminium case, referencing Rimowa’s popular aluminium luggage.