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Lotus Tech Secures $870 Million Investment Before It Goes Public On The Nasdaq

The electric vehicle division of the sports car brand will use the funds to develop its next-gen EV tech and expand its distribution network

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FIVE at FIVE: AstraZeneca jumps Pfizer, Royal Mail confusion, LVMH soars and Lloyds upgraded

1. AstraZeneca overtakes Pfizer The British pharma giant overtook its US counterpart, with chief executive officer Pascal Soriot garnering praise for its...

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That's Fashion, Sweetie: Politics are in, pushovers are out

Politics have always been prevalent in fashion, but the industry has pretty privilege.

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On the US and China, Emmanuel Macron just voiced an important concern for Europe

The trans-Atlantic relationship needs more balance. While Europe no longer craves for a Chinese embrace, treating the EU like an irrelevance, whether by cutting France out of AUKUS or ignoring concerns over green spending, isn’t going to help

Taiwan , South-china-sea , Brunei-general- , Brunei , Iraq , Berlin , Germany , Beijing , China , Lithuania , Ukraine , Poland

In Fashion Industry, a Fine Line Between Collaboration and Collusion

Adhering to antitrust regulation while negotiating collective sustainability targets is proving tougher to navigate for some in the fashion industry.

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The township economy needs an eCommerce boost

The township economy needs an eCommerce boost
iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.

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Fortunes of world's richest shrink Bloomberg

The 500 wealthiest individuals lost a combined $1.4 trillion this year

The world’s 500 richest people have lost a cumulative $1.4 tr

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Fashion king, Bernard Arnault earns $55.5 billion in barely half a year

Fashion king, Bernard Arnault earns $55.5 billion in barely half a year
nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.

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Gucci Lags Behind Rivals as Tourist Shoppers Stay Home — Update

Provided by
Dow Jones
By Matthew Dalton
PARIS -- Gucci fell further behind its big competitors in the fourth quarter, as the Italian fashion house stumbled without tourist shoppers filling its boutiques during the pandemic.
Revenue at Gucci for the quarter was 2.3 billion euros, equivalent to $2.8 billion and down 14% from a year earlier, parent company Kering SA said Wednesday. For the entire year, revenue fell 23% to EUR7.4 billion.
The results mark a sharp turnaround for Gucci after years of outperformance under Creative Director Alessandro Michele. In the fourth quarter, Gucci lagged well behind the leading fashion brands of LVMH Louis Vuitton Moet Hennessy SE: Louis Vuitton and Dior.

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Global Prestige Beauty Market Report 2020-2025: Augmented Number of Tech-Savvy Customers, Online & Offline Availability of Branded Products, Changing Lifestyles, Inclination Towards Individualism

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This research report presents the analysis of the Global Prestige Beauty Market for the historical period of 2015-2019 and the forecast period of 2020-2025.
The Global Prestige Beauty Market was valued at USD 12.65 billion in the year 2019, backed by augmented number of tech-savvy customers, online and offline availability of branded products worldwide, changing lifestyle, inclination towards individualism, increase in number of middle-income groups, rising demand from Chinese millennials and Gen Z. These factors are driving the demand for Prestige Beauty products.
Also, people have started giving much attention to the beauty products and have been increasing their demand for organic or chemical free cosmetics and not to face the ill effects on consuming less quality and less priced skincare or other makeup products. Moreover, a fundamental and structural shift in consumer spending trends to purchasing goods online amid the pandemic. E-commerce is a unique opportunity to make more women and men discover various brands and products. In China and emerging economies, online is the favourite channel of choice for beauty browsing and shopping.

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