Translated by Nicola Mira Published Sep 2, 2024 Fast-growing French leather goods brand Polène is no longer part of the portfolio of Eutopia, the asset management company for the Otium Capital investment fund, which owns stakes in Oh My Cream! and Merci Handy. According to investigative reporting site L’Informé, Eutopia’s minority stake in Polène has been [...]read moreNew shareholder for leather goods brand Polène
By Reuters Published Aug 14, 2024 A potential strike at U.S. seaports on the East Coast and Gulf of Mexico could back up cargo there for weeks or even months, shipping experts said on Wednesday. Retailers like Walmart and other importers have been rushing goods in ahead of the Sept. 30 expiration of the union [...]read morePossible US seaport strike could back up goods for months, shipping experts say
By Reuters Published Aug 1, 2024 EBay exceeded Wall Street expectations for second-quarter revenue and profit, buoyed by robust demand for pre-owned goods, cost-effective automotive parts and accessories. Ebay The e-commerce giant’s third-quarter revenue forecast, however, fell short of analysts’ estimates, signaling effects of a tough economy. The company’s strategic focus on specialized categories, such [...]read moreEBay beats quarterly results estimates on steady demand for refurbished goods
Hermès is further enhancing its production capacity in France, focusing yet again on leather crafts, particularly in the South-West region of France. The luxury house has announced the construction of a new leather goods workshop, set to open in 2025 in Isle-d’Espagnac, located four kilometers from Angoulême, in Charente. This site is expected to eventually [...]read moreHermès begins construction of a leather goods workshop east of Angoulême, France
The High-Value Goods Tax (HVGT), which was supposed to be implemented from May 1, 2024, has been put on hold. It was reported that this is due to the finance ministry’s postponement in presenting the bill to parliament. According to The Edge, the delay in the bill was due to disagreements over the definition of [...]read moreHigh-Value Goods Tax implementation put on hold, finance ministry says gov’t to announce new date later
By Reuters API Published Feb 8, 2024 Italian fashion group Ermenegildo Zegna said on Thursday it would open a new luxury footwear and leather goods factory in northern Italy to meet the growing needs of its brands. The 12,500 square metre facility will be located near Parma and is expected to be completed by December [...]read moreLuxury group Zegna to open new shoe and leather goods factory in Italy
By Bloomberg Published Jan 31, 2024 What really matters anyway? That’s what Nia Holland, 24, thought after spending $2,500 on a vintage Chanel bag, draining her savings. Earning little money with campus research jobs during graduate school, she knew her money could be better spent, saved or invested. Chanel But at the same time, she said it [...]read moreGen Z Is splurging on luxury goods to soothe their economic despair
By Bloomberg Published Dec 21, 2023 Parents of Gen Z might be surprised to find knockoffs on their children’s wish lists this holiday season. More affectionately called “dupes,” cheap imitation purses, beauty products and other items have become all the rage with Gen Z and younger millennials. Buying knockoffs is a tradition going back generations, [...]read moreWhy Gen Z admits to buying knockoff goods