
China’s 20% Tax Crackdown Piles Pressure on Luxury Brands
Wealthy Chinese face an October 22 deadline to settle back taxes on offshore trusts, curbing spending at LVMH, Kering and Hermes.
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Wealthy Chinese face an October 22 deadline to settle back taxes on offshore trusts, curbing spending at LVMH, Kering and Hermes.

Asia excluding Japan generated 35 percent of fashion and leather revenue in 2025, leaving the French group exposed as Chinese consumers pivot toward beauty and jewellery.

Investment trends that propelled high-end apparel makers for 20 years are fading as luxury brands depend on a narrow group of ultrawealthy consumers.

LVMH shares touched six-year lows following an 11 per cent drop in September, hit by weakening sales across Asia ex-Japan and the United States.

The Artycapucines line will preview at Art Basel Paris on Oct. 23 ahead of a broader release spanning ready-to-wear and leather goods.

The sportswear giant is battling an 80 percent share price collapse and facing removal from the S&P 100 index after 18 years.

The Shanghai Grand Prix sold out quickly, but domestic labels continue to hesitate on major motorsport sponsorships.

The French luxury house pulled its presence from the regional market after facing consumer backlash over intellectual property litigation.

Consensus estimates point to fourth-quarter sales growth for Kering in Greater China, even after July luxury revenue across the market fell 10 percent.

The French luxury house will shut its sole Guizhou boutique on August 31, halving its southwestern store count from peak levels.

In the first quarter, LVMH reported revenues of €19.1 billion (US$22.4 billion), marking a decrease of 6%. This decline is largely attributed to various geopolitical tensions impacting business operations across the globe. Geopolitical Impacts on Revenue LVMH…

Luxury goods multinational corporation LVMH has announced the appointment of Béatrice Goasglas as the new CEO of its premium watch label, Tag Heuer. The appointment will take effect from May. Professional Background of the New CEO Goasglas has been with Tag…

Francois Kohler has been named the new president for South and Southeast Asia by luxury giant LVMH, effective February 23. Kohler succeeds Chris Chong, who is venturing into new professional pursuits. In his new role, Kohler will be reporting directly to LVMH…

LVMH, the conglomerate which owns luxury brands Louis Vuitton and Tiffany, outperformed fourth-quarter sales projections on Tuesday. This development has raised expectations of a revival within the luxury sector, despite challenges including trade conflicts,…

Global luxury travel retailer DFS, which is owned by LVMH and Robert Miller, DFS’ co-founder and shareholder, has revealed they are set to sell their retail business across Greater China to the China Tourism Group (CTG) Duty Free. According to the agreement,…

Gentle Monster, an eyewear brand under the ownership of Iicombined, has initiated legal proceedings against a fellow Korean eyewear company, Blue Elephant. The controversy revolves around accusations that Blue Elephant has been replicating Gentle Monster’s…
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