$KORS To stay on trend, Italian fashion houses are refashioning themselves for future growth. Luxury label Ermenegildo Zegna, which opens Fall/Winter menswear previews at Milan Fashion Week Friday, made its 1st move to expand abroad with the Zegna Group’s Summer acquisition of American brand Thom Browne. The Gianni Versace house’s entrance into the group owned […]
The Chinese will Account for 50% of Luxury Sales by 2025 Chinese consumers remain the focus of luxury goods makers, as a new study by Bain consultancy shows they will fuel nearly half of global high-end sales by Y 2025. Bain said Thursday that Chinese shoppers will account for 46 – 50% of global luxury […]
Aurora Cannabis Plans US Stock Listing in October $ACBFF, $TLRY, $KO, $SZT Canada’s Aurora Cannabis Inc. (TSX:ABC) said Thursday it planned a US listing of its shares in October, as it looks to cash in on strong investor appetite for marijuana producers. Interest has boomed in Canada’s marijuana companies ahead of legalization of recreational cannabis […]
Marijuana Stocks Extend Gains $STZ Wednesday, Constellation Brands (NYSE:STZ) comments are driving marijuana stocks higher. Marijuana stocks from Canopy Growth Corp. to Tilray Inc. widened their gains in afternoon trading Wednesday after Constellation Brands Chief Operating Officer Bill Newlands said the cannabis industry on its way to becoming a worldwide business. “We think this is […]
Constellation Brands Inc. (NYSE:STZ) Gives Canadian Cannabis Company Legitimacy and Cash $STZ, $CGC, $ACBFF Canopy Growth Corp.’s (CGC) CEO, Bruce Linton expects 1 “Google-like company” to dominate the legal cannabis industry. Canopy’s transformative deal with Constellation Brands Inc. (NYSE:STZ) has given it legitimacy, clout and a cash hoard that has widened the gap with its competitors. […]
Ferrari (NYSE:RACE) An Amazing IPO $RACE Ferrari (NYSE:RACE) is not just a car company, Ferrari a lifestyle brand CEO Sergio Marchionne said in an interview Tuesday. “I think it has been confirmed by the performance of the stock in the marketplace, but more importantly the financial performance we’ve had since we’ve taken it [the company] […]
US Cigar Lovers Stock Up on Cuba Visits, Fearing Clampdown Puffing on a cigar at Cuba’s annual Habanos Cigar Festival, American aficionado Paul Segal said he would buy as many boxes of cigars as he could carry home in case US President Donald Trump tightens regulations on visitors to the communist-run island again. Mr. Segal, […]
Apple’s (NASDAQ:AAPL) Market Share Falling in China $AAPL Sales of iPhones continue to fall in urban China and now trail Chinese brands such as Huawei and Xiaomi, an industry survey showed Thursday. In Q-2, Apple accounted for 17.9% of smartphone sales in urban China, 1.8 percentage points less than a year ago, according to a […]
Ralph Lauren (NYSE:RL) Cutting about 1,000 Jobs & Closing 50 Stores $RL Ralph Lauren Corp (NYSE:RL). is cutting about 1,000 jobs and closing 50 stores as part of a sweeping plan to lower costs and revive sales growth at the luxury fashion brand. Shares of Ralph Lauren, which also forecast declines in FY (fiscal year)and […]
We Live in Interesting and Disruptive Times The Chinese greeting, ‘may you live in interesting times’ is a metaphor for life in the 21st Century. Over the past several years we have seen major changes and developments for the in the Television and Advertising industries, the impact of most of those changes are only understood in […]
Emaar Hospitality Plans 35 New Hotels and Residences Dubai property giant to add 14 hotels and 11 serviced apartments to portfolio Dubai property developer Emaar’s hospitality unit has unveiled plans to launch 35 new hotels and serviced residences under its Address, VIda and Rove brands. Under the plans, the company will add 14 new hotels […]