Luxurious heavyweights wrestle to shake off shopper fatigue

LVMH, Kering Q2 gross sales seen decrease Luxurious sector faces extended downturn Uncertainty from commerce warfare weighs on client confidence PARIS, July 23 (Reuters) – LVMH and Kering are anticipated to report one other drop in quarterly gross sales, deepening investor worries a few extended downturn within the $400 billion luxurious market as manufacturers face … Read more

LVMH backed L Catterton faucets Unilever veteran Vikram Kumaraswamy to co-lead India push

Personal fairness agency L Catterton has appointed Vikram Kumaraswamy—a seasoned Unilever government—as accomplice and co-head of its India enterprise. He’ll lead alongside Anjana Sasidharan and India government chairman Sanjiv Mehta because the agency doubles down on one in every of Asia’s fastest-growing client markets, in line with a press launch by the corporate. The agency … Read more