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Decline of Orchard Road shows Singapore’s pain
SINGAPORE: A walk down Orchard Road shows just how badly the coronavirus pandemic has hit Singapore’s famed shopping strip.
Vietnam beauty market boasts excellent potential
RAPID economic growth and higher living standards are shaping changes in Vietnamese lifestyles and needs.
Europe’s richest man spending US$1bil on department store
PARIS: Europe’s wealthiest man is spending more than US$1bil on a Paris department store at a time when other shops are going out of business and consumers are turning to Amazon.com Inc.
Luxury brands are taking over the street art scene
LONDON: Tourists flock to London’s Shoreditch to admire the street art that coats the trendy neighborhood in a riot of colour. What they may not expect to find alongside works by Banksy or Mr Cenz are the spray-painted logos of Swatch and Christian Louboutin.
Why Gucci and Dior want to rebuild Notre-Dame
IF the fire at Notre-Dame cathedral had happened 20 or 50 years ago, France’s luxury fashion houses would surely have rushed to support its reconstruction as quickly as they did in 2019.
Fendi leans on granddaughter after Karl Lagerfeld’s death
PARIS: Luxury giant LVMH won’t begin looking for an outside designer to succeed the late Karl Lagerfeld at fur-maker Fendi, leaving an executive who’s a member of the brand’s founding family to fill the role for the time being, according to people familiar with the matter.
China’s HNA Group seeks buyer for ‘Dream Jet’
Cash-strapped company wants US$300mil for executive plane
Michael Kors nears deal to buy Versace for around US$2.4bil
The acquisition would give Michael Kors a sought-after foothold in high fashion
LVMH to gain control of Dior after US$13bil Arnault deal
PARIS: French billionaire Bernard Arnault moved to consolidate control over Christian Dior for about 12.1 billion euros (US$13.2bil), folding the fashion house’s operations into the LVMH luxury empire in one of his biggest transactions.
