lvmh
Eight up-and-coming fashion designers have been selected for the final round of the LVMH young designers prize, representing European countries and the United States. The eight winning brands presented a blend of menswear, womenswear and gender-fluid collections to a jury of design experts and the public last week. CEO of Dior and Executive Vice President of LVMH Delphine Arnault said the contestants brought diversity, craftsmanship and sustainability to the table. “The semi-finalists showed great expertise in terms of craftsmanship and a strong commitment to sustainability,” Arnault said in a...
Euronews (English)
Chinese consumers are becoming more cautious when it comes to spending on big-ticket items such as luxury goods, Swatch has warned. The increased cost of living, as well as a slowing economy still dealing with the lingering effects of the Covid-19 pandemic, have significantly contributed to this, the Swiss watchmaker explained. Increasing youth unemployment, as well as a struggling property sector has ensured that consumers are now thinking much more before making a purchase, preferring to buy fewer but more long-lasting pieces. Deflationary concerns have also led to clients choosing to save a...
Euronews (English)
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