Group 1: Leadership Changes - LuxExperience B.V. announced Francis Belin as the new CEO of Mytheresa, effective January 1, 2026, bringing extensive experience in luxury brand management and international expansion [1] - Prada Group's CEO Andrea Guerra confirmed the acquisition of Versace for €1.25 billion, with plans for Lorenzo Bertelli to become the executive chairman of Versace [8] Group 2: Market Trends and Consumer Behavior - TikTok Shop has expanded into the luxury goods market, featuring high-priced second-hand items, including Hermes and Chanel bags, and Rolex watches, with a focus on AI verification for authenticity [2] - Lyst's 2025 Gift Index shows significant demand growth for brands like Coach and Burberry, with Coach's cherry charm demand up 99% and Burberry's overall search volume increasing by 239% year-on-year [3] Group 3: Financial Performance and Economic Impact - Chow Tai Fook Jewelry Group reported a net profit of HK$2.5 billion for the first half of the year, slightly below market expectations, with a gross margin decrease to 30.5% [5] - The UK Treasury plans to eliminate the import duty exemption for goods priced under £135, potentially generating an additional £500 million in annual revenue [7] Group 4: E-commerce and Sales Data - eBay's 2025 Watchlist report highlighted LV, Gucci, and Prada as the top luxury brands, with LV listing over 5.2 million items on the platform [6] Group 5: Corporate Investments - LVMH is set to invest up to €150 million in the French newspaper Le Parisien to stabilize its financial situation [9] - Prada has acquired a property in Milan for €66.6 million, aimed at consolidating office and display spaces [10] Group 6: Retail Management - Harrods promoted Mark Blundell to Chief Retail Officer, responsible for enhancing service and operational standards across all retail channels [11]