China’s slowdown impacting luxury sector’s business

Chinese government reduced value-added tax up to three percent in an effort to reinvigorate the economy. This resulted in luxury fashion labels such as Louis Vuitton and Gucci slashing their suggested retail prices in Mainland China. In the following month, US President Donald Trump announced plans to roll out tariffs as high as 25 percent … More China’s slowdown impacting luxury sector’s business

Denim brands gear up to survive upcoming environmental storm

Denim brands gear up to survive upcoming environmental storm – “Brands introduced a bunch of initiatives for ensuring sustainability in denim manufacturing, these drove up the cost of the garment. So, the real challenge before Morrision was to offer customers a more sustainable solution at much closer price value proposition. … More Denim brands gear up to survive upcoming environmental storm