Daily LInks
1. Hermès Faces Slowest Quarter in Years as Luxury Woes Spread. Hermès is experiencing its slowest growth in years, as the luxury industry grapples with global economic challenges and decreased demand, particularly in key markets like China. – Read More on Bloomberg
2. Kering Warns on Profit After Sales Slump Due to Gucci Revamp, Asia Woes. Kering has issued a profit warning following a significant sales drop driven by Gucci’s brand revamp and weaker performance in Asia, contributing to broader concerns for the luxury conglomerate. – Read More on The Wall Street Journal
3. Gucci Fails to Shake Deceptive Ad Suit Over Snake Skin Sourcing. Gucci has been unable to dismiss a lawsuit accusing the brand of falsely advertising the humane sourcing of snake skins used in its products, further complicating its legal battles. – Read More on Bloomberg Law
4. Keeping Up With Fashion: Prada, Diesel Look Outside the Box for Latest Wins. Prada and Diesel are taking unconventional approaches to stay competitive, with innovative strategies aimed at regaining market momentum and solidifying their presence in the luxury sector. – Read More on The Street
5. Clothing Retailer Shein Launches Credit Card With Mexican Fintech Stori. Shein has partnered with Mexican fintech Stori to launch a credit card aimed at boosting customer loyalty and offering financial services in one of its key markets. – Read More on Reuters
