Business

Luxury: Is Dubai's safe haven status coming to an end?

As the giants of the CAC 40 publish their quarterly results, an exclusive analysis by Reuters reveals the scale of the upheaval hitting the Middle East. Long considered the sector's last growth engine, the Gulf is now seeing its sales collapse due to geopolitical tensions with Iran. Until now, major luxury groups like LVMH, Kering, and Hermès...

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Kering: a crucial week to reassure markets and relaunch Gucci

French luxury leader Kering, held back by difficulties at Gucci, is facing a decisive moment. This week, the group will present its new roadmap during a highly anticipated investor day in Florence. All eyes are on the speech by Italian Luca de Meo, the group's chief executive officer, at the Capital Markets Day on Thursday in Gucci's birthplace....

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Fashion

Gymshark to open first-ever gym in Miami

British fitness and apparel brand Gymshark is evolving into a physical-first community model with the launch of its debut public gym in Miami’s Wynwood district, strengthening its footprint in the US market. The ‘Gymshark Lifting Club’ is set to open this summer in Miami. The brand chose the city for its deep-rooted lifting heritage, noting that...

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Fashion

Primark enhances sustainability goals with updated circular framework

Fashion and lifestyle retailer Primark has updated its Circular Product Standard 2.0 to “scale circular design across its business,” as it tightens its criteria on materials, durability and recyclability for select product lines. In a statement, Primark said its updated Circular Product Standard 2.0, which first launched in 2023, would introduce...

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