Luxury-goods giant LVMH Moët Hennessy Louis Vuitton SE said Wednesday it was backing out of its $16.2 billion takeover of Tiffany & Co., Trade tensions and the coronavirus pandemic has made them take such a step.
- Adizero pro shoes
Adidas team has been working on these shoes for almost 2 years. The trainer is a performance running shoes specially designed for long distance running and racing. These shoes have a curved carbon-infused rods. The reason behind putting these rods in the shoes is to mirror the bone structure of the foot. The company even tried using the carbon fiber plates which is present in some of their shoes but then they finally decided to go with the carbon infused rods for Adizero pro.
- Many luxury companies have chosen not to open the offline locations with respect to COVID-19. Although, in China its hard as more store are need in order to keep up with the high-spending luxury customers. “All the luxury brands I talk to are focusing on China. It’s the one bright spot in the world,” says Nick Bradstreet, managing director of Savills Hong Kong.
- Indian fashion labels investing in online businesses
Many Indian fashion labels have been investing in their company’s online profile much more than they ever did. In fact, designers like Rahul Mishra and Tarun Tahiliani might want to focus online more even as the stores reopen. Rahul Mishra stated in one his interviews that his label made much more money this year and most of the traffic was from different online platforms.
Well, that’s it for today’s week! Make sure you come back next week for more updates.
By: Priyanka Vohra