January 27, 2023

Luxury giant LVMH sales, profit hit new highs

Paris – The world’s top luxury group LVMH said Thursday that its sales and net profit both hit new heights last year, driven by strong demand in Europe, the United States......

December 12, 2022

Metaverse industry likely to hit $13tn by 2030, led by luxury fashion

The value of the metaverse industry is projected to hit about $13 trillion by 2030, with fashion and luxury retail representing $50 billion, a study from Chalhoub Group shows. Currently,......

November 17, 2022

Estee Lauder agrees to buy Tom Ford brand for $2.3bn

NEW YORK: Luxury beauty brand Estee Lauder said in a statement Tuesday it had agreed to buy designer Tom Ford’s company for $2.3 billion. The deal, which values Ford’s......

November 14, 2022

Estee Lauder close to acquiring Tom Ford for $2.8bn

Cosmetics company Estee Lauder is closing in on a deal to buy luxury brand Tom Ford for about $2.8 billion, including debt, Financial Times said, quoting sources. The luxury brand,......

July 5, 2022

Fashion exhibition and graduation of fashion designers course for the cadres of the textile establishment companies

Damascus (ST): The Ministry of Industry held an exhibition for fashion design and a graduation ceremony for the fashion designers course for the cadres of companies affiliated with......

March 31, 2022

Richemont group labels leave Responsible Jewellery Council

GENEVA- Cartier-owner Richemont has stepped down from the Responsible Jewellery Council (RJC) after the industry body had failed to cut ties with Russia, Richemont chief financial......

March 25, 2022

Fragrance of Aleppo laurel soap redolent through old city neighborhoods

Aleppo, SANA- The fragrance of Aleppo soap, or laurel soap, is redolent through neighborhoods of the ancient city, where the laurel soap industry was settled in throughout history......

March 19, 2022

British fashion chain Ted Baker draws U.S. takeover interest-

Sycamore Partners is in the early stage of making a possible cash offer for fashion retailer Ted Baker , the private equity firm said on Friday, in the latest sign of strong U.S.......

March 8, 2022

QNET reports 5% YoY growth in direct selling in 2021 in the MENA region

QNET, the global e-commerce based direct selling company, reported 5% growth in 2021 compared to 2020 in the Middle East and North Africa (MENA) region, reinforcing the increasing......

March 8, 2022

Medical Korea 2022 to Discuss Changes and Future Direction of Global Healthcare Industry

- Under the theme of 'Global Healthcare, a New Leap Forward' - Various inspiring programs including global leaders' lectures - Live-streaming......