LVMH, Kering, Burberry, and Moncler have been hit hard after pouring money into Chinese consumers who have now turned their back on luxury. They are now choosing to spend their money in new ways.

Luxury group Kering reported a 12 percent drop in revenue for 2024, totaling 17.2 billion euros, marking a year under pressure for the company. Recurring operating income plummeted 46 percent to 2.55 ...

To young people and theatre enthusiasts in Kisumu, Obat Masira is a legend and a local hero. He is one of the few people using the arts to pull young people in the lakeside city away from drugs ...