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Birkenstock's quarterly revenue beats on resilient demand
Birkenstock beat market expectations for fourth-quarter revenue on Wednesday, helped by robust full-price sales of the German footwear maker's pricey sandals in the United States and Asia.
Fashion
Business
Can Capri's rumored sale of Versace and Jimmy Choo save Michael Kors?
Since Tapestry's bid to acquire Capri Holdings Limited was blocked, the latter U.S. luxury group has strategized to raise its star brand.
Luxury
Business
Kering seen closing property deal in early 2025 to cut debt load
Kering expects to soon secure outside investment for a new entity that would house its real estate assets, including properties worth some €4 billion in Milan, New York and Paris, as the group looks to cut its debt load.
Luxury
Business
Loewe to stage co-ed show in Paris in March
Two days after it emerged that Loewe had pulled out of the upcoming menswear season in Paris, the house confirmed on Wednesday that it will stage a co-ed show in the French capital in March.
Luxury
Catwalks
As bitcoin soars, luxury brands consider accepting crypto payments
Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting interest in offering cryptocurrency payment options to tap in to fresh pockets of wealth.
Luxury
Industry
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