Meta Platforms Chief Executive Mark Zuckerberg told employees that WhatsApp and Messenger would drive the company's next wave of sales growth, as he sought to assuage concerns about Meta after its first mass layoffs.
Brushing off higher prices, affluent spenders are continuing to splash out on luxuries including $10,000 handbags and high-end perfumes, trading updates from Hermes, Kering, and L'Oreal showed on Thursday.
Sweden’s H&M Group continues to open new stores around the world but for its latest two, it’s looking much closer to home. & Other Stories and Arket are both set to open new locations in Sweden’s capital, Stockholm.
French luxury group Hermès said on Thursday that it enjoyed a strong Q3 with sales up 32.5%. Sales reached €3.136 billion in the three months to the end of September, with strong growth in all its business lines.
M&S had more news this week with it planning to close a quarter of its biggest stores that sell clothing and homewares earlier than previously forecast. Its expansion plans will see a focus on 100+ new food shops.
The luxury house is launching a line of bags with Italian manufacturer La Compagnia delle Pelli, which will manage production and global distribution. Licensing agreements have also been signed for a homeware line.
Prisma Media, France’s leading magazine publishing group, will launch the French edition of U.S women's fashion magazine Harper's Bazaar next March, as the group announced in a press release on Tuesday.
Shopify Inc said on Friday it has introduced a new compensation system that allows staff more flexibility in restructuring their awards between cash and equity, as it seeks to attract and retain workers.