Luxury brands are likely to retreat from Hong Kong as the city is wracked by protests at a time when wealthy Chinese shoppers are staying on the mainland, consultancy Bain said, highlighting a shift that is reshaping the global industry.
Global luxury brands including Gucci and Louis Vuitton are scaling back orders with Italian suppliers, as the spread of the coronavirus from key market China to major manufacturing hub Italy hits business across the sector, industry sources said.
"Who do you think you are?" became a top trend on Twitter, with users saying Abe's message ignored the plight of those struggling to make a living during the coronavirus outbreak.
LVMH and US jewellers Tiffany announced Monday a $16.2 billion tie-up that is the French luxury group's biggest-ever acquisition and will bolster its presence in the United States.
Al Marri was briefed about the car features which is powered by a 4.0-liter twin-turbo V8 making 639 horsepower and a maximum torque of 900 Nm.
Italy accounts for around 40% of global luxury goods manufacturing and has been hit hard by a dramatic drop in demand triggered by the coronavirus crisis.
Some people, especially the morally coarse, are happy to hitch their destinies to materially galloping values, in return for a life of ceaseless luxury.
As strict lockdown measures to contain the outbreak ravages global economic activity, the luxury food industry could be among the worst-hit since it heavily relies on restaurants and top hotels for the demand for deluxe items.
Emma Watson, the actor who made her name as Hermione Granger in the Harry Potter films, was named one of three new board members of French luxury group Kering