Bloomberg news and archive

The luxury market outlook remains uncertain in the US and China

The luxury fashion industry is grappling with significant market uncertainties, particularly as the crucial Chinese and US markets encounter challenges. Despite LVMH's robust revenue postings - with its performance seen as indicative of broader luxury sector trends - concerns persist about a potential replay of the boom and bust cycle witnessed...

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Fashion

Burberry debuts on Bloomberg's Gender Equality Index

Burberry has made it onto Bloomberg’s 2021 Gender Equality Index (GEI). It is the first time the British luxury goods brand has made the ranking. The GEI tracks the performance of public companies committed to disclosing their efforts to support gender equality through policy development, representation and transparency. The 2021 Index...

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Fashion Featured

Is full price fashion over?

It is well documented that fast fashion brands have had a negative impact on consumer shopping habits. Many customers are no longer willing to pay full price for clothing, with discounting, off-price retail and affordable fast fashion changing the global retail landscape. But never before has high-end fashion had it so tough. Today I visited...

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Business

China's giant 'Unicorn' Fosun races for more deals

A string of overseas investments has shone a new spotlight on Chinese conglomerate Fosun, after the mysterious disappearance -- and re-emergence -- of its tycoon chairman rattled investors. In the space of three days last week, the Shanghai-based company bought a stake in an Indian drugmaker for 1.26 billion US dollars , acquired a Brazilian...

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Business

China's giant 'Unicorn' Fosun races for more deals

A string of overseas investments has shone a new spotlight on Chinese conglomerate Fosun, after the mysterious disappearance -- and re-emergence -- of its tycoon chairman rattled investors. In the space of three days last week, the Shanghai-based company bought a stake in an Indian drugmaker for 1.26 billion US dollars , acquired a Brazilian...

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Fashion

Weakening euro may benefit fashion companies

A weakening euro may mean good things for fashion companies who's major markets lie outside of Europe. According to Bloomberg, the forecasting of a weakening euro and Swiss franc against the dollar is good for shares of European luxury-goods companies. When a large proportion of sales come from outside the European union, like the US, Asia and...

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Fashion

Eurozone retail sales down in new report

The Bloomberg Eurozone Retail Purchasing Managers' Index (PMI), an indicator which surveys economic conditions in the euro retail sector. Retail sales in the three key eurozone countries struggled this month against a background of consumer caution and poor weather. The PMI, which provides data a month ahead of government-issued figures, fell a...

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Fashion

Euro retail sales on the rise

European retail sales rose for the first time in three months in March, according to Bloomberg. A gauge of retail sales in the 13-nation euro economy rose to a seasonally adjusted 53.4 after February's 49.8, a survey of more than 1,000 retail executives compiled for Bloomberg LP by London- based NTC Economics Ltd. Faster economic growth has...

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