Consumers in China are increasingly turning to homegrown labels over LVMH and Gucci as the economy cools, embracing the message that modern luxury can be proudly Chinese. https://www.japantimes.co.jp/business/2025/11/17/markets/china-local-luxury-lvmh-gucci/?utm_medium=Social&utm_source=mastodon #business #markets #luxurygoods #china #lvmh #gucci #fashion #louisvuitton #kering #burberry #rolex #chanel #songmont #maogeping #laopugold

Gucci owner Kering says it has agreed to sell its beauty business to L'Oreal for €4 billion ($4.66 billion) to refocus on its core fashion business. https://www.japantimes.co.jp/business/2025/10/20/companies/kering-beauty-loreal-debt-fashion/?utm_medium=Social&utm_source=mastodon #business #companies #l039oreal #kering #cosmetics #fashion #gucci