(Representative Image) The post-pandemic surge in global sales of luxury handbags, shoes and apparel is set to stall this year amid a creativity crisis and price hikes as brands shift focus to the biggest spending customers, a new study by the Bain consultancy said Tuesday. Bain is forecasting flat worldwide luxury sales in 2024 following…
(Representative Image) Italian luxury group Prada is not looking at big acquisitions as it is focused on the brands it already owns, its Chief Executive Andrea Guerra said on Monday. In an earlier report, Marketing director, Bertelli shared “The Prada group is and will always be looking around for opportunities”. Prada was planning to invest…
NEW DELHI: Global fashion retailers including H&M and Gap are committed to raising purchase prices for Bangladesh-made clothing to help factories there offset higher workers’ wages, a U.S.-based association representing more than 1,000 brands said. Bangladesh is the world’s biggest garments exporter after China. This week, after deadly protests between police and factory workers, the…
