BusinessMember
China's luxury market: Challenges from last year to continue into 2025, ‘flattish’ performance forecasted
A new report by Bain & Company has suggested that “China’s luxury market failed to maintain its previous growth trajectory” throughout 2024, after it experienced an "unexpected and sharp deceleration that worsened throughout the year”. In the report, entitled ‘2024 China Luxury Goods Market’, it was stated that the mainland luxury market saw a...
PeopleMember
Eyewear brand Ahlem appoints Thelios executive as CEO
Los Angeles-based luxury eyewear brand Ahlem, known for its handcrafted frames and sustainable ethos, has appointed Enrico Sanavia as its global chief executive officer. Sanavia is a seasoned executive within the luxury eyewear industry, joining from Thelios, the eyewear division of LVMH Group, where he served as head of Americas and was...