Firms like LVMH and Hermes increasingly offer intimate dinners and large-scale shows, as well as stores with private shopping areas and exclusive elevator access for the VIPs they bet will help end a post-pandemic sales slump.
Unilever said it was outpacing competitors "by a mile" in the United States, driven by double-digit sales growth from beauty brands including Dove, K18 and Nutrafol, helping the consumer goods firm top sales forecasts on Thursday.
Alibaba launched a new AI chatbot assistant service on Thursday, refreshing its push into a consumer-facing space that is dominated by ByteDance and Tencent .
Fans of Netflix's runaway hit "KPop Demon Hunters" will only be able to get their hands on branded toys well after the key holiday shopping season, a missed opportunity for Mattel and Hasbro that have won licensing deals from the streaming giant.
A Dutch semiconductor manufacturer has notified Japanese automobile component makers that it may not be able to guarantee chip deliveries, the Japan Automobile Manufacturers Association said on Thursday.
The state of New Jersey sued Amazon.com on Wednesday, accusing the company of unlawfully refusing workplace accommodations to warehouse employees who have disabilities or were pregnant and firing some who asked for them.
- ANALYSIS·
Kasidit Teerawiboosin, 22, has ridden the wave of Labubu's success as a reseller in Thailand of toys from Pop Mart , but the days of easily making money flipping the toothy-grinned monsters are numbered.
Europe's luxury companies from LVMH to Hermes and L'Oreal are tentatively pointing to signs of a revival in China, but are also cautious about calling the turn on one of their biggest markets after a two-year slump.
Birkin bag maker Hermes pointed to glimmers of improved demand in China as it reported quarterly sales slightly below expectations, dragging its shares down by 4% on Wednesday.
