China’s crackdown on wealthy individuals over unpaid taxes is adding pressure on luxury brands already facing geopolitical uncertainty and weakening consumer demand in the United States. Under Beijing’s new tax rules, wealthy Chinese individuals who used offshore trusts to shelter assets must Continue Reading
Gucci has introduced new luxury sneaker models labelled “Made in China”, marking a departure from its traditional Italian manufacturing roots. The move comes as the luxury fashion house seeks to regain market share and attract price-sensitive aspirational shoppers. The development also presents a challenge for creative director Demna, who is tasked with delivering Continue Reading
An Italian court has lifted ahead of schedule the special judicial administration imposed on a unit of luxury fashion house Valentino, which had been under scrutiny over labour practices linked to its subcontractors. The decision brings an early end to oversight of Valentino Bags Lab S.r.l., the entity responsible for producing the brand’s accessories line. […]Continue Reading












