Bang & Olufsen CEO: 'The rich will only get richer' and defy luxury slowdown

Bang & Olufsen CEO: ‘The rich will only get richer’ and defy luxury slowdown – Canada Boosts

The luxurious hunch has change into one of many largest phenomena of a good 2023. The wealthy are splurging much less and luxurious retailers from LVMH to Gucci and Balenciaga are all getting caught within the riptide.  However at the very least one firm believes it could actually get ultra-rich consumers to maintain shopping for…

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Luxury slowdown prompts fears of inventory pile-up over key holiday season

Luxury slowdown prompts fears of inventory pile-up over key holiday season By Reuters – Canada Boosts

2/2 © Reuters. FILE PHOTO: Folks search for presents on the Macy’s flagship retailer through the vacation season in New York Metropolis, U.S., December 10, 2023. REUTERS/Eduardo Munoz/File Picture 2/2 By Mimosa Spencer PARIS (Reuters) – Early vacation buying season reductions from high-end trend retailers like Bergdorf Goodman on New York’s Fifth Avenue raised concern…

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Indonesia’s presidential hopefuls face slowdown in region’s biggest economy | Politics

Indonesia’s presidential hopefuls face slowdown in region’s biggest economy | Politics – Canada Boosts

As Indonesia’s three presidential candidates gear up for the beginning of the official campaigning interval starting on Tuesday, they face the problem of turning round slowing progress in Southeast Asia’s largest economic system. Defence Minister Prabowo Subianto, former Jakarta governor Anies Baswedan, and ex-Central Java governor Ganjar Pranowo will face off on February 14 to…

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Thai Q3 GDP growth misses forecast amid exports slowdown

Thai Q3 GDP growth misses forecast amid exports slowdown By Reuters – Canada Boosts

© Reuters. FILE PHOTO: A view of Bangkok’s port alongside Chao Phraya River is photographed throughout sundown in Bangkok, Thailand, July 19, 2022. REUTERS/Athit Perawongmetha/File Photograph BANGKOK(Reuters) – Thailand’s economic system expanded at a slower-than-expected tempo within the third quarter, weighed down by weak exports and agriculture however supported by consumption and the continued restoration…

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