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
UK department store chain Selfridges returned to profitability in its latest financial year, with revenue rising 7% to £830.8 million, supported by strong footfall across its four stores despite a decline in online sales. Operating profit increased to £79.7 million from £42.2 million, while pre-tax profit improved to £13 million from a £15.9 million loss […]Continue Reading
Italian footwear and apparel group Geox S.p.A. reported a challenging first quarter for fiscal year 2026, with revenues falling 12.5 per cent year-on-year to 165.3 million euros. The Veneto-based company attributed the decline to weak market conditions, subdued consumer spending, and reduced traffic across retail channels. On a like-for-like basis, sales declined 10.3 per Continue Reading












