This may be a tale about the rise of a German sandal brand, but it is not a straightforward fashion story. After all, for a large chunk of its 249-year history, Birkenstock was synonymous with extremely unfashionable stereotypes. The sandals were often worn by hippies and off-duty hikers, eccentric aunts and science teachers with a […]
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China’s Import Curbs on Cosmetics Face Pushback in Europe
In the gloom of China’s economy, one area of business is booming: cosmetics. After enduring nearly three years of mandatory masks and frequent lockdowns during the pandemic, many Chinese consumers, wary of big-ticket purchases like apartments, are now splurging on lipstick, perfume, moisturizers and other personal care products. But cosmetics companies from France, Japan, South […]
Read MoreLVMH’s Bernard Arnault Is the King of Luxury, but Who Is Next to the Throne?
One afternoon in July, not long after being named the wealthiest man on the planet by Forbes, Bernard Arnault, the head of the LVMH Moët Hennessy Louis Vuitton luxury goods empire, took his place on a stage with a view of the Eiffel Tower before a packed crowd of French dignitaries and reporters. In the […]
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