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By Bloomberg Published January 2, 2026 A luxury hospitality subsidiary of LVMH Moet Hennessy Louis Vuitton SE is blaming a train company majority-owned by global private equity firm Carlyle Group Inc for a deadly crash along a railway that connects to Peru’s iconic Machu Picchu ruins. Belmond is a LVMH business – DR The collision […]
By Reuters Published January 2, 2026 Saks Global is preparing to file for bankruptcy in the coming weeks after missing a debt payment tied to its Neiman Marcus acquisition, the Wall Street Journal said on Wednesday, citing people familiar with the matter. A Neiman Marcus store in Garden City, New York – Photo: Yuki Iwamura/Bloomberg […]
By Reuters Published January 2, 2026 Hong Kong’s annual retail sales rose 6.5% in November in value terms for a seventh month of gains, boosted by a sustained recovery in momentum, government data showed on Friday. A view of Hong Kong – Reuters Sales stood at HK$33.7 billion ($4.33 billion). In October, retail sales had […]
By Bloomberg Published January 2, 2026 When the FIFA World Cup kicks off in North America in June, the trophy won’t be the only prize up for grabs. Nike Inc. and Adidas AG will be battling on and off the pitch to win sales and to raise the profile of their brands in the US and […]
By AFP Published January 2, 2026 Nicknamed the “last queen of Paris,” Countess Jacqueline de Ribes, a fashion designer, businesswoman, jet-set figure and symbol of Parisian elegance, particularly in the United States, died on Tuesday at the age of 96, her office said on Wednesday, speaking on behalf of the family. “The last queen of […]
Published December 31, 2025 It looks like LK Bennett might be the first 2026 casualty of the tough retail environment in the UK with the premium fashion and footwear chain having filed an intention to appoint administrators. LK Bennett It would be the second time in six years that the company has failed with the […]
Published December 30, 2025 French luxury giant LVMH announced on Tuesday its 100% acquisition of French publishing house Les Editions Croque Futur, integrating three publications, Challenges, Sciences & Avenir, and La Recherche, into the UFIPAR investment company. LVMH CEO Bernard Arnault – Shutterstock The acquisition, “reflects LVMH’s commitment to promoting high-quality information and scientific culture, […]
By AFP Published December 30, 2025 Robbers used a large drill to break into a German bank’s vault room during the extended Christmas break and steal cash, gold, and jewellery worth 30 million euros ($35 million), police and the bank said Tuesday. Gold seized included coins, bars, and jewellery (photo for illustrative purposes only) – […]
By AFP Published December 30, 2025 A French ban on the production and sale of cosmetics and most clothing containing polluting and health-threatening “forever chemicals” goes into force on Thursday. New regulations could see certain cosmetics brands change their ingredients – Shutterstock Per- and polyfluoroalkyl substances (PFAS) are human-made chemicals used since the late 1940s […]
Published December 30, 2025 Athletic apparel, footwear, and accessories brand Lululemon has debuted its new winter training collection ‘Train’ with global ambassadors Lewis Hamilton, Kayla Jeter, and Amotti, designed to contribute to training breakthroughs and to empower the wearer to unleash their full potential. Lewis Hamilton in Lululemon – Lululemon This winter, Lululemon has brought […]
