Featured Latest News

China’s Tax Crackdown Adds Pressure on Luxury Brands Amid Weak US Spending

Ut World October 9, 2026 0

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

Featured Latest News

Christian Dior Holding Company Shares Surge 17% After LVMH Reorganisation Plan

Ut World September 25, 2026 0

Shares of Christian Dior SE surged more than 17% on Thursday after luxury giant LVMH announced a restructuring of its controlling organisation. At 7:40 a.m. GMT, Christian Dior shares were up 17.42% at €428.80, while LVMH gained 0.96% to €400.70. The CAC 40 index, meanwhile, was down 0.14%. Christian Dior is LVMH’s main shareholder, holding […]Continue Reading

Featured Latest News

Phuwin Named Loewe Global Brand Ambassador

Ut World September 17, 2026 0

Spanish luxury fashion house Loewe has appointed Thai actor and singer Phuwin Tangsakyuen as its new global brand ambassador. Born in Bangkok in 2003, Phuwin joins American actress Julia Garner and English-born actor Spike Fearn in the house’s ambassador line-up under the creative direction of Jack McCollough and Lazaro Hernandez. The creative directors said Phuwin’s […]Continue Reading

Featured Latest News

UK Influencer Ordered to Pay £213,000 for Selling Fake Luxury Goods

Ut World July 15, 2026 0

British content creator Georgia Aldridge has been ordered by the UK High Court to pay £213,000 in damages to several LVMH-owned luxury brands after being found liable for selling counterfeit designer products to her social media followers. The compensation will be shared among brands including Fendi, Loewe, Dior and Celine, which alleged that Aldridge’s activities Continue Reading

Featured Latest News

Bernard Arnault Ordered to Pay €22.5 Million in Back Taxes, Plans Appeal

Ut World July 6, 2026 0

Bernard Arnault, CEO of luxury conglomerate LVMH and France’s richest person, has been ordered by the Paris Administrative Court of Appeal to pay nearly €22.5 million in back taxes. The ruling requires Arnault and his wife to pay €12.96 million in additional tax assessments related to 2010, including taxes, social contributions, penalties, and interest, along […]Continue Reading

Featured Latest News

Theker Secures Record-Breaking $85 Million Series A Funding Round

Ut World June 12, 2026 0

Barcelona-based robotics start-up Theker has raised US$85 million (€73 million) in a landmark Series A funding round, setting a new record as the largest Series A investment in European robotics history. The funding round was led by venture capital firm CRV and attracted participation from global giants including Samsung, LVMH, Cathay Innovation, 20VC, Henkel Ventures, Continue Reading