LVMH's Bernard Arnault got a letter from 93-year-old Warren Buffett saying he was making a mistake by upping his retirement age to only 80LVMH faces future succession speculation, as founder Bernard Arnault continues to lead the company, planning to extend his tenure.
Forget China, fashion empires are facing an even greater risk from 'luxury fatigue' according to Chanel execLuxury houses are facing a downturn due to slowing demand in China and emerging 'luxury fatigue' among consumers. The outlook for 2025 and 2026 appears challenging.
Is luxury fashion in its flop era?Luxury industry faces underconsumption challenge with declining sales among top brands.
The luxury sector has a talent problem and its solution - London Business News | Londonlovesbusiness.comThe luxury industry faces a talent problem in finding and retaining skilled professionals who understand the market intricacies and deliver exceptional service.