Saks acquires Neiman Marcus for a total of $2.7 billion
Late Monday afternoon, Saks Global disclosed that it has finalized its acquisition of Neiman Marcus Group for a total enterprise value of $2.7 billion, as has been expected. The…
Tag: 2024
Harrods launches new e-commerce website
Luxury department store Harrods has unveiled a new e-commerce platform developed in partnership with and powered by enterprise commerce provider Scayle. The “strategic partnership” between the duo aims…
Slower growth for luxury in 2024
Flagging a weak macro environment and a wave of recent downgrades, HSBC said Tuesday it now expects only 2.8 percent organic growth for the global luxury goods…
Luxury brands prices increase alienates aspirational consumers
In the past years major luxury brands have been increasing prices focusing on the highest end of the market spectrum and targeting the most affluent…
China’s luxury market expected to grow 4 to 6 percent in 2024
The fact that China’s economy may now be weakened but its domestic luxury market is almost double the size it was in 2019, with growth…