Loro Piana faces labor scandal, Swatch warns of lower profits, Van Cleef & Arpels reopens Monte Carlo boutique, and Dolce & Gabbana stuns with Alta Moda in Rome.
Welcome to the Week 25 edition of "This Week in Luxury," where we’ll bring you the latest developments in the world of luxury!
1. Loro Piana Joins Growing List Of Luxury Brands Tied To Worker Abuse Allegations
Luxury brand Loro Piana has been placed under judicial administration for a year after an Italian court found it failed to prevent severe labor exploitation in its supply chain, highlighting ongoing ethical issues in the luxury industry.
Read the full article here | FORBES
2. Swatch CEO ready to accept lower profit after tough first half
Despite a 17% share-price drop due to China sales decline, CEO Nick Hayek confirmed no job cuts and plans to reinvest in product and talent during the downturn.
Read the full article here | YAHOO
3. Van Cleef & Arpels opens newly renovated and redesigned boutique in Monte Carlo, Monaco
Van Cleef & Arpels has opened a newly renovated and redesigned boutique in Monte Carlo, Monaco, offering a refreshed luxury shopping experience in an elegant setting.
Read the full article here | CPP LUXURY
4. Live at the Forum! Dolce & Gabbana Bring Alta Moda to Rome
Dolce & Gabbana staged a dramatic Alta Sartoria show at Castel Sant’Angelo, turning the historic site into a cinematic fashion set.
Read the full article here | VOGUE
That concludes this week's edition of "This Week in Luxury." Stay tuned for more updates on the world of luxury in the weeks to come!
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