Category: business of luxury

Luxury Brands Leverage on Southeast Asia to Defy Slowdown
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Luxury Brands Leverage on Southeast Asia to Defy Slowdown

The fashion industry has seen better economic days. Rising inflation, challenging macroeconomic conditions and shifting consumer behaviours are leading to slowing sales and uneven performance. While luxury giant Kering saw a modest decline in sales in 2023, particularly within Europe (with revenue at Gucci falling 4 percent in the fourth quarter), luxury brands are now...