LVMH sales drop by 27 %
In an economic and social context weakened by the Covid-19 epidemic, the luxury giant unveils its results for the second quarter of 2020. “Encouraging signs”…
Category: Business
Brooks Brothers files for bankruptcy amid sales decline
U.S. based fashion retailer Brooks Brothers has filed for Chapter 11 bankruptcy court protection from creditors on Wednesday, as it continues to search for a buyer. The…
LVMH / Tiffany still not a done deal
Uncertainty prevails between the two entities. Faced with the fragility of the luxury market in the United States, the acquisition of the American jewelry house…
Le conflit avec la Chine pourrait heurter durement le retail US
Les relations entre les États-Unis et la Chine étaient bouleversées avant même l’épidémie de COVID-19, mais la pandémie a encore érodé les relations entre les…
Les marques de luxe soutiennent #BlackLivesMatter
Le week-end dernier, nous avons assisté à un tollé en réponse à la mort insensée de George Floyd, Breonna Taylor et Ahmaud Arbery aux mains…
Chanel expecting massive slowdown
After reaching the milestone of 10 billion euros in turnover in 2018, Chanel came close to that of 11 billion in 2019, but the impact…
Luxury Industry Events – 2020
January London Fashion Week (Men) January 4-6 London Florence Homme January 7-10 Florence Fashion Milan Fashion Week (Men) January 10-13 Milano Fashion HKDTC Fashion Week…
Galeries Lafayette: pertes abyssales ces derniers mois
L’opérateur français des grands magasins Galeries Lafayette pourrait faire face à une perte de plus de huit cents millions d’euros alors qu’il se débat dans…
Luxury Industry Performance Index April 2020
“Is luxury dead?” A number of brand executives, having read TBTL’s special covid-19 newsletter, reached out to me. The answer is: yes, luxury will survive! However,…
États-Unis: les grands magasins de luxe Neiman Marcus en faillite
Vendredi soir, Neiman Marcus a reçu l’approbation préliminaire d’un juge de mise en faillite pour un financement vital de 675 millions de dollars qui a…
La maison Hermès résiste mieux que les autres fleurons du luxe
Hermès a mieux résisté à la crise mondiale du coronavirus que ses concurrents. Avec une baisse de 7,7% seulement des ventes comparables au premier trimestre.…
MARCH 2020 – LUXURY INDUSTRY PERFORMANCE INDEX
In collaboration with JOBLUX, TBTL’s deliver each month the Luxury Industry Performance Index (LIPI) which is a monthly published indicator, providing a quick overview of…
Kering enter in partnership with the CDC Foundation.
After providing financial and material support to hospitals in France, Italy and China, the luxury group is entering the United States.In response to the ongoing…
Luxury rebounding in China ?
As the COVID-19 outbreak continues to slow in China with no domestic cases yet still with a moderate yet consistent number of confirmations of new cases who…
Coronavirus hits luxury industry – Luxury Industry Index Feb. 2020
TBTL’s Luxury Industry Performance Index (LIPI) is a monthly published indicator, providing a quick overview of the high-end industry’s current status and an outlook on…