The world’s second-largest economy has struggled to mount a strong and sustainable a post-pandemic bounce, burdened by a protracted property downturn, mounting local government debts and weak private-sector spending.
The Birkin bag maker’s sales are set to hit the “symbolic” €20 billion ($21.3 billion) level by 2027 or before, according to an Apr. 12 note by Thomas Chauvet.
20-year-old Duke University guard McCain will be the nail care brand’s first-ever athlete ambassador.
Thai retailer Central Group has acquired the landmark KaDeWe property in central Berlin from the insolvent Austrian company Signa in what it said was another step towards buying the group.
PDD Group’s fast-fashion e-commerce retailer Temu is likely to be subject to tough EU online content rules that already apply to Meta Platforms, Google, Elon Musk’s X and TikTok after its average monthly users in Europe rose above a key threshold.
The LVMH-owned beauty retailer has struggled to replicate the success of its European and north American operations in the region, which has incurred heavy losses against fierce domestic competition.
Salomon chief executive Franco Fogliato will depart the brand effective immediately due to personal reasons, parent company Amer Sports said Friday.
The Indian unit of Unilever Plc is battling a slowing rate of growth in revenue and profits while its share price is lagging.
