People

Mister Spex supervisory board proposes election of Claus-Dietrich Lahrs and Gil Steyaert

Mister Spex has announced that Claus-Dietrich Lahrs, 60, and Gil Steyaert, 61 are running for the supervisory board of the company. If elected, Lahrs will serve as chairman and Steyaert will become deputy chairman of the company’s supervisory board. Claus-Dietrich Lahrs and Gil Steyaert will stand for election at this year's annual general...

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Business

First quarter luxury earnings show brands' strengths and weaknesses

French luxury conglomerates serve as bellwethers for the wider industry, and the first-quarter revenue results have provided insight into both the strengths and weaknesses of the sector, shedding light on the preferences and behaviours of luxury consumers worldwide. While certain companies exceeded analysts' expectations, others experienced a...

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Fashion

A Chanel flap bag now costs more than 10,000 euros

Chanel’s iconic medium flap bag has had another price increase, now selling for over 10,000 euros for the first time. Chanel's CEO, Leena Nair, defended the luxury brand's pricing strategy to Bloomberg, highlighting inflation and the use of premium materials and craftsmanship. Nair asserted that Chanel's commitment to quality serves as rationale...

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Retail

10 steps to design the perfect point of sale, according to Scotta 1985

Valencia, Spain - In a world increasingly reliant on digitalisation, the question of a physical store’s current relevancy arises. Yet many brands remain steadfast in their commitment to the in-person shopping landscape, with some emphasising that physical retail brings ample benefits to brands that still invest in this sector. Co-founder of...

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