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TREND The fashion industry has experienced its share of disruption, but until recently, this was still the preserve of European companies. Sweden’s H&M, Spain’s Mango and Zara (above all) invented fast fashion and knocked the former French and Italian masters of the industry off their perch. It is therefore not surprising that Shein’s arrival in […]
Last August, Bernard Arnault (LVMH) overtook Jeff Bezos (Amazon) as world’s richest person.[1] The luxury giants have performed brilliantly on the stock market.[2] There is a lot of talk about the wealthy getting richer as a result of the Covid crisis as a direct explanation for this trend. But it is no longer the rich […]