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EPA:MC 28 July 2025 - 27 June 2026

Saks Bankruptcy Exit Gives Exemplar 49 Stores, Faces $9 Billion Sales Target

Saks Bankruptcy Exit Gives Exemplar 49 Stores, Faces $9 Billion Sales Target

Exemplar Luxury Group, which used to be called Saks Global, finished its bankruptcy process on Friday. The company now has fewer stores and a new name. Suppliers are facing a new challenge: Exemplar, which owns Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, is looking to reach a $9 billion sales target using just 49 luxury stores. Saks Global said it wrapped up restructuring under new owners, slashing debt by nearly 75%. The company said it now has enough liquidity and support from capital partners. According to ABC News, which cited the Associated Press, Saks Global also secured $500 million in additional financing.
27 June 2026
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LVMH Sells Marc Jacobs To WHP Global, Ending A 30-Year Luxury Run

LVMH Sells Marc Jacobs To WHP Global, Ending A 30-Year Luxury Run

LVMH is offloading Marc Jacobs to WHP Global, wrapping up almost thirty years with the brand and paving the way for joint control alongside G-III Apparel Group. Marc Jacobs stays on as founder and creative director post-deal, according to both companies. Timing’s crucial here. LVMH is cutting back with luxury demand wobbling and its Fashion & Leather Goods segment posting a 2% organic drop in Q1. Yet, group revenue still came in at €19.1 billion, eking out 1% organic growth.
15 May 2026
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Watches and Wonders 2026: Rolex, Patek And Cartier Meet Luxury’s Gulf Shock

Watches and Wonders 2026: Rolex, Patek And Cartier Meet Luxury’s Gulf Shock

Watches and Wonders Geneva entered its last stretch of public days on Sunday, with brands like Rolex and Patek Philippe unveiling fresh releases. But action outside the halls stole the spotlight: the Middle East conflict is now weighing on one of luxury’s rare dependable growth engines. The event, held at Palexpo, runs from April 14 to April 20 and is open to the public Saturday through Monday, the organizer said. The Gulf has lately served as a backstop for luxury brands struggling with softer demand out of China and Europe. But in March, Reuters flagged steep sales drops—between 30% and 50%—at Dubai’s Mall of the Emirates. Foot traffic at that location slid 15%. The larger Dubai Mall saw traffic cut roughly in half, while sales at Abu Dhabi’s Galleria slipped about 10%.
19 April 2026
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LVMH stock (MC.PA) slips into earnings week: what to watch when Paris reopens

LVMH stock (MC.PA) slips into earnings week: what to watch when Paris reopens

Paris, January 24, 2026, 20:13 CET — The market has closed. Shares of Paris-listed LVMH Moët Hennessy Louis Vuitton SE slipped 0.72% to finish at 591.40 euros on Friday, down 4.30 euros. The stock fluctuated between 586.20 and 596.50 euros on volume of around 307,456 shares, still far from its 52-week peak of 762.70 euros. France’s CAC 40 index edged down 0.07%.
24 January 2026
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K-beauty lands at Sephora: Olive Young deal puts Singapore in the first wave

K-beauty lands at Sephora: Olive Young deal puts Singapore in the first wave

Sephora is joining forces with South Korea’s CJ Olive Young to offer Olive Young-curated “K-beauty” products to its customers, set to launch in the latter half of 2026, the companies and local reports confirmed. The deal comes as Korean beauty—covering South Korean skincare and cosmetics—continues to flood mainstream shelves beyond Korea, with major retailers scrambling to secure a steady stream of fast-moving brands and new product drops.
22 January 2026
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Saks Global files for bankruptcy: $1.75 billion financing, new CEO and a test for luxury suppliers

Saks Global files for bankruptcy: $1.75 billion financing, new CEO and a test for luxury suppliers

Saks Global, which owns Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, filed for Chapter 11 bankruptcy protection late Tuesday. This marks one of the largest U.S. retail failures since the pandemic. Chapter 11 allows the company to continue operating under court oversight while it works on restructuring its debt. The bankruptcy follows Saks missing a $100 million interest payment due on Dec. 30, connected to the 2024 Neiman Marcus acquisition. This has intensified pressure on vendor ties and slowed merchandise delivery to stores. “They borrowed a lot more money than they should have for a company that isn’t growing,” said Tim Hynes, global head of credit research at Debtwire.
14 January 2026
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Sephora finally sets Ireland debut date: Belfast store to open Feb. 12

Sephora finally sets Ireland debut date: Belfast store to open Feb. 12

Sephora UK announced it will launch its first store on the island of Ireland in Belfast on Feb. 12. The beauty retailer confirmed the date after months of rumors surrounding a new location at Victoria Square. https://www.irishtimes.com/life-style/fashion/2026/01/13/sephora-to-open-first-store-on-island-of-ireland/ The Belfast opening marks the chain’s debut physical store on the island, expanding its UK footprint into Northern Ireland. It arrives as Sephora UK begins mapping out its 2026 store plans, moving past its initial base in England and Wales.
14 January 2026
Euronext Paris Shocks Markets with Historic Roots, Surging Stocks & Bold 2025 Moves

Euronext Today: CAC 40 slips as luxury names weigh; Euronext launches 2026 bond tender; Athens bourse bid enters final day — 17 November 2025

European equities began the week on the back foot Monday, with Euronext’s major benchmarks edging lower as investors braced for a backlog of U.S. economic releases and the week’s headline corporate result from Nvidia. Financials and luxury houses were among the early drags, while aerospace outperformed. Reuters+1 Data points reflect conditions during the European morning/late morning on 17 Nov 2025 and may be delayed. Reuters
17 November 2025
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Bull Run or Bubble? Investors Eye New Highs as EUR/USD Rallies and Fed Prepares Cuts

Bull Run or Bubble? Investors Eye New Highs as EUR/USD Rallies and Fed Prepares Cuts

Global markets were buoyed this week by better-than-feared news on several fronts. After a rough September, U.S. bank earnings beat estimates: Morgan Stanley and Bank of America both delivered upside surprises, which helped calm trade-war jittersreuters.com. European stocks likewise rallied, led by luxury companies: LVMH reported positive third-quarter sales and its shares surged as much as 14%, the biggest one-day rise since 2001reuters.comreuters.com. European indices closed higher by ~0.6%reuters.com. As Stefan Bauknecht of DWS observes, the luxury data “surprised investors positively and are likely to keep the sector’s share price momentum alive”reuters.com. In Asia, stock markets largely echoed the U.S. rally. Japan’s Nikkei climbed ~1.8%, lifted by gains in chip- and AI-related names after strong results from U.S. tech peers, including TSMCreuters.com. South Korea’s Kospi jumped ~2.2% to a record high on optimism over a potential U.S.-Korea trade dealreuters.com. Australia’s ASX 200 also reached record levels on expectations of looser policy after weaker jobs data. Emerging markets ex-Asia gained ~1.9%reuters.com. Still, China’s markets were quiet or slightly down, reflecting continued uncertainty over trade and rare-earth export curbs. “I remain of the belief that…markets are headed higher,” said Michael Brown, a senior strategist, noting that current volatility is likely noise rather
16 October 2025
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LVMH Stock Surges 12% on China Boost – Luxury Giant Regains Momentum

LVMH Stock Surges 12% on China Boost – Luxury Giant Regains Momentum

LVMH shares skyrocketed after the company’s third-quarter update hinted at a turnaround. When markets opened on Oct. 15, the stock spiked about 12%, hitting roughly €597 in morning tradeinvesting.com. It was the steepest intraday jump LVMH has seen in almost two years, propelling the company back to the top of France’s market capitalization rankingsreuters.com. The catalyst was LVMH’s better-than-expected Q3 sales report: organic revenue increased ~1% in the quarter, a sharp improvement from declines earlier in 2025reuters.com. This modest growth – driven largely by a rebound in Chinese luxury spending – broke a streak of negative quarters and “offered some solace to a luxury goods sector grappling with a prolonged slump,” as Reuters notedreuters.com. Improved demand in China was the standout factor. After many quarters of softness, LVMH’s key Asia region showed “noticeable improvement” and “Mainland China turned positive in Q3,” according to CFO Jean-Jacques Guionyreuters.comreuters.com. Pent-up Chinese demand helped lift sales for the first time in 2025, fueling investor hopes that the critical Chinese luxury market is finally on the mend. LVMH’s CFO did caution that headwinds remain – from unfavorable exchange rates to global economic uncertainty – and warned that a sustained rebound will “take time” with “gradual
15 October 2025
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Tech Shockwaves: Apple’s “iPhone Air” Tease, SpaceX’s $17B Spectrum Deal & More (Sept 8–9, 2025)

Tech Shockwaves: Apple’s “iPhone Air” Tease, SpaceX’s $17B Spectrum Deal & More (Sept 8–9, 2025)

Date: September 8, 2025 · Source: Reuters reuters.comSummary: On the eve of Apple’s fall product launch, analysts tempered expectations for any groundbreaking iPhone features, noting Apple’s rivals have leapfrogged in AI features reuters.com. However, speculation is running high about a new “iPhone Air” – an ultralight, slimmer iPhone model inspired by the MacBook Air’s ethos reuters.com. This model would mark the first significant form-factor change in years, potentially drawing in upgraders bored by incremental updates. Apple would face engineering challenges and will likely slot the iPhone Air’s price between the standard iPhone 17 and Pro lines reuters.com. Analysts say a sleek Air model could reignite consumer excitement. “It’s been a while since we’ve seen any meaningful update to the form factor… the novelty of the Air will likely induce many iPhone 14, 15 and even 16 users to migrate up,” said Dipanjan Chatterjee, a VP at Forrester Research reuters.com. Aside from the Air, Apple is expected to announce modest camera and chip upgrades for the iPhone 17 series, and possibly new Apple Watch models, as it contends with competition embedding AI smarts into devices reuters.com reuters.com. Date: September 8, 2025 · Source: Reuters reuters.comSummary: SpaceX, Elon Musk’s space venture, announced
9 September 2025
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TAG Heuer’s CarbonSpring Breakthrough: How the New TH30-00 Movement Could Change Watchmaking Forever

TAG Heuer’s CarbonSpring Breakthrough: How the New TH30-00 Movement Could Change Watchmaking Forever

Key Facts: TAG Heuer has long sought to improve the heart of the mechanical watch – the tiny coiled spring that regulates the ticking of a movement. In 1675, Christiaan Huygens invented the balance spring, a breakthrough that made portable timekeeping possible. Three and a half centuries later, TAG Heuer decided it was time to reinvent that component for the 21st century watchonista.com watchonista.com. The result is the new TH-Carbonspring oscillator, developed over 10+ years by the TAG Heuer Lab. This isn’t just a single part, but an entire regulating organ: a balance spring made of a carbon nanocomposite, paired with a conventional balance wheel, all designed to replace the usual steel or silicon hairspring setups.
5 September 2025
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Ransomware Topples 158-Year-Old Company, Nuclear Agency Hacked, and Breaches Expose Millions – Cybersecurity Roundup (July 21–28, 2025)

Ransomware Topples 158-Year-Old Company, Nuclear Agency Hacked, and Breaches Expose Millions – Cybersecurity Roundup (July 21–28, 2025)

UK Co-op Confirms Data Breach of 6.5 Million Members – One of the UK’s largest consumer co-ops confirmed that personal data of all 6.5 million members was stolen in an April cyberattack that caused IT outages and food shortages bleepingcomputer.com bleepingcomputer.com. Co-op CEO Shirine Khoury-Haq apologized on BBC, saying “their data was copied, and the criminals did have access to it… That is the awful part” bleepingcomputer.com. No financial data was taken, but names, addresses, phone numbers, emails, and membership details were exposed. The breach began via a social engineering password reset on April 22, letting attackers grab an Active Directory database and later deploy DragonForce ransomware bleepingcomputer.com bleepingcomputer.com. Scattered Spider, a hacking group linked to attacks on retailers Marks & Spencer and Harrods, is suspected of involvement cybersecuritynews.com bleepingcomputer.com. Four suspects were arrested in the UK last week in connection with the Co-op and related attacks bleepingcomputer.com. Louis Vuitton Discloses Global Customer Data Breaches Tied to One Attack – Luxury fashion house Louis Vuitton revealed that data breaches across multiple countries stem from a single cyberattack by the ShinyHunters extortion group bleepingcomputer.com. Starting in early July, customers in South Korea, Turkey, the UK, Italy, and Sweden received notice that
28 July 2025
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