Rising prices, shifting consumer tastes and manufacturing scandals are eroding trust in luxury, giving counterfeiters and dupe-makers new opportunities to win over shoppers seeking style at a more accessible cost, writes Andrea Felsted.| The Business of Fashion
Shares fell as much as 4.7 percent even after the company reported second-quarter sales growth that far outpaced major luxury rivals.| The Business of Fashion
LVMH and Hermès stock fell about 3 percent and 4 percent respectively, in line with sector peers including Kering, Prada and Burberry, after the US president announced a 50 percent duty on imports from the European Union.| The Business of Fashion
The luxury goods maker is reeling from a sharp downturn in the €364 billion industry — and questions about succession are growing louder.| The Business of Fashion