A Milan court has placed LVMH-owned Italian luxury label Loro Piana under judicial oversight for one year, saying it failed to stop subcontractors from exploiting migrant workers https://t.co/x2EtTGpVx4 ...

Group 1 - Top Win International Limited has partnered with Simon Gerovich and KCGI for a planned investment in SGA Co., Ltd, which has received board approval for a third-party share issuance to this consortium [1][2] - Upon completion of the investment, the consortium will become the largest shareholder of SGA Co., Ltd, with proceeds aimed at strategic asset acquisitions and general corporate purposes [2] - SGA Co., Ltd plans to leverage the consortium's global network and expertise to pursue new initiatives in the digital asset space while maintaining its core business operations [2] Group 2 - Top Win International Limited specializes in the trading, distribution, and retail of luxury watches and has recently ventured into the Web3 ecosystem and digital assets as part of its future business direction [3]

Core Insights - Karthik Sarma, a prominent investor and former Tiger Cub, has shifted his investment focus from Nvidia to Tapestry, a luxury handbag company, indicating a strategic pivot away from AI-related stocks [2][10]. Investment Strategy - Sarma typically holds positions for the long term but recently sold his Nvidia shares after holding them for less than two years, capitalizing on significant price appreciation [3][5]. - The decision to sell Nvidia was influenced by its rising valuation, with the forward P/E ratio exceeding 40, prompting Sarma to take profits [6][8]. Company Performance - Nvidia remains a leading player in the GPU market, but competition may impact its market share in the coming years [7]. - Tapestry, which owns brands like Coach and Kate Spade, has seen Coach account for nearly 80% of its sales, with expectations for improved profitability through strategic management of its brands [11][12]. Financial Metrics - Tapestry's management anticipates free cash flow of $1.3 billion for the current year, an increase from $1.1 billion the previous year, supporting share repurchase initiatives [13]. - Tapestry's stock trades at a forward P/E of 18, significantly lower than Nvidia's 38, although it represents the highest valuation for Tapestry in years [14].

瑞士宝盛集团发布的年度报告指出，自2020年调查开始以来，奢侈品一篮子价格首次下跌2%，这一现象“相当异常”，因为从历史上看，高端消费品价格的上涨速度往往是普通消费品价格的两倍。在利率上升、经济增长放缓以及贸易战迫在眉睫的背景下，奢侈品行业在“无休止的购买狂潮”之后正面临“低迷”。与此趋势相反的是商务舱机票，价格上涨了18.2%。 ...

Core Viewpoint - Prada faces cultural appropriation controversy over its new sandal design inspired by traditional Indian footwear, leading to public backlash and a subsequent apology from the brand [2][8]. Financial Performance - Prada's revenue growth for the full year 2024 is only 4%, with zero growth recorded in the first quarter of 2025, significantly below market expectations and far behind the growth of its sub-brand Miu Miu [12][14]. - Miu Miu achieved a remarkable 93.2% growth in 2024 and continued with a 60% year-on-year sales increase in the first quarter of 2025, highlighting a stark contrast to Prada's performance [12][14]. Cultural Context - The Kolhapuri sandals, which inspired Prada's design, have a history dating back to the 12th century and are recognized as traditional footwear in India, often used in weddings and special occasions [4]. - The Indian government awarded the Kolhapuri craftsmanship a Geographical Indication (GI) certification in 2019 to protect it from misappropriation [5]. Brand Image and Management - Prada has faced multiple controversies related to its brand ambassadors, which have negatively impacted its brand image and consumer perception [13]. - The sudden announcement of CEO Gianfranco D'Attis's departure in June 2025 raises concerns about the brand's slowing performance and the need for new leadership to revitalize the main brand and restore consumer trust [14].

Counterfeiters have perfected the knockoff handbag—”superfakes” they are called—and it is disrupting the economics of the luxury industry https://t.co/sEwlK93JDn ...

Part of the explanation for the bag’s exorbitant price—and the one that Hermès likes to emphasise—is the exquisite workmanship. Each Birkin is the handiwork of a single craftsman, who takes up to 18 hours to complete the job https://t.co/aLtI3el8Jj ...

Louis Vuitton UK says hackers have stolen some customer data as the luxury brand becomes the latest target in a string of cyberattacks against retailers https://t.co/IdGW402lqQ ...

RELEASE Paris, July 10, 2025 INFORMATION RELATING TO THE TOTAL NUMBER OF VOTING RIGHTS AND SHARES COMPRISING THE SHARE CAPITAL In accordance with the provisions of Article L. 233-8 of the French Commercial Code (Code de commerce) and Article 223-16 of the General Regulations of French Autorité des Marchés Financiers (AMF), Hermès international publishes each month, before the 15th day of the following month, the total number of voting rights and the number of shares comprising the share capital if they have ...

Canada Goose’s controlling shareholder Bain Capital is considering a sale of its stake in the luxury parka-maker https://t.co/GtVG4YqVTP ...