Daily LInks
1. LVMH Slowdown Is Bad Omen for Luxury Industry. LVMH’s recent slowdown is signaling broader concerns for the luxury sector, as decreased consumer demand in key markets like China raises red flags for the industry’s growth trajectory. – Read More on The Wall Street Journal
2. Nike Heads Outdoors in Search for New Sources of Growth. Nike is expanding into outdoor apparel and equipment in an effort to tap into new markets and diversify its product offerings as it seeks additional growth avenues. – Read More on Bloomberg
3. Going From Royal Gowns to Uniqlo. Clare Waight Keller’s transition from designing couture at Givenchy to creating accessible fashion for Uniqlo marks a significant shift in her career and design philosophy. – Read More on The New York Times
4. Swiss Watches Wind Down in China. Richemont and other Swiss watchmakers are experiencing a slowdown in China, as changing consumer preferences and economic uncertainty impact demand for luxury timepieces. – Read More on The Wall Street Journal
5. LVMH Executive Says It Would Be a Mistake to Offer More Affordable Products. An LVMH executive emphasized that maintaining exclusivity is essential to the brand’s long-term success and market positioning. – Read More on Morningstar
