leather goods division

Global luxury sales faced a stark reality check as LVMH reported a mere 1% growth, significantly impacted by Middle East conflicts. Dubai's luxury malls saw sales plummet 50%. Europe's sales contracted 3% due to fewer Gulf tourists, while the US remained a bright spot. Fashion sales declined, but watches and jewelry showed resilience.

Luxury labels are navigating uncharted waters in the Middle East, as recent regional conflicts have drastically shaken up sales and tourism trends. The bustling malls and airports of Dubai, once thriving hubs of luxury shopping, are now seeing a notable downturn in visitors and revenue.

Kareemullah, a knife sharpener from Harichandrapuram, travels for weeks, sleeping on pavements and facing threats, to find customers. His traditional trade, once common, is declining due to online alternatives and changing times. This generational craft, passed down through families, now struggles for survival.

LVMH, the world's largest luxury conglomerate, reported a 3% decline in third-quarter sales, falling short of estimates due to weakened demand in China and Japan. The fashion and leather goods division, including Louis Vuitton and Dior, saw a 5% sales drop. This outcome exacerbates existing market volatility and investor concerns, highlighting a broader slowdown in the luxury sector.

Beef ban, dipping exports and the latest floods: All these have combined to rob the Tamil Nadu leather industry, the country's largest, of its lustre.

LVMH, grappling with declining sales and consumer fatigue, plans a second Texas factory amid US-Europe trade tensions. CEO Bernard Arnault advocates for trade agreements while the company navigates challenges in its fashion and leather goods division. Despite a sales drop, LVMH sees potential in its brands and a revival in China, facing competition from mass-market players.

Can you still tell a gentleman by his shoes? Hidesign's Dilip Kapur tells us all.

A high court division bench headed by Justice K L Manjunath has allowed the appeal filed by a leather merchant’s family and asked insurance firms to pay Rs 1.62 crore as enhanced compensation with 6% interest from the date of filing the plea.

KOLKATA: Just hours before Alitalia Cargo’s maiden flight to the city, officials of the freighter division of the Italian flag carrier said they were working on plans to increase the frequency of cargo service to twice a week.

The abrupt departure from Gucci of Alessandro Michele, the flamboyant designer who was a favourite of Harry Styles and Lady Gaga, increases pressure on owner Kering as it faces slowing revenue growth at the Italian fashion house.

Local MP Kirron Kher on Saturday inaugurated the first-ever Mango Mela organized by the municipal corporation (MC) at Fragrance Garden in Sector 36, asking residents to utilize the opportunity to enjoy this "wonderful kind of mango-treat".

City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) organised Vasant Mela at Urban Haat from March 1 this year.

The Vasant Mela being organized by the City and Industrial Development Corporation of Maharashtra Ltd (CIDCO Ltd) at Belapur Urban Haat will come to an end on March 31 and aNational Handloom Expo by the Ministry of Textiles will begin. The expo will continue till April 14.

LUCKNOW: Dump those worn out paintings, if you think they have been adding to the monotony in the house.