The Prada Group closed the purchase of Milan fashion rival Versace in a $1.375 billion cash deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven appeal.
Luxury brands, including Cartier and Bottega Veneta, are raising prices in Korea by 5 to 10 percent despite global luxury slowdown.
Production scandals, from cheap sourcing to worker rights violations, have some Koreans rethinking luxury brands.
Celebrities Kong Hyo-jin, Uhm Ji-won and Choi Soo-young teamed up with secondhand trading app Bunjang to host a secondhand flea market in Seoul. Around 1,000 items went on sale.
North Korean state media has aired footage of leader Kim Jong-un riding a previously unseen Mercedes-Benz sports utility vehicle (SUV) designated for his use, highlighting the regime's ability to import luxury goods despite international sanctions.
Luxury brands including Hermès, Prada and Chanel are expected to raise their prices in Korea as demand for premium goods grows. Increases impact shoes, bags, watches and jewelry.
Fashion brands like Chanel, Hermès and Nike once limited purchases of suspected resellers but the restriction will be removed after an order from the antitrust regulator following an investigation.
Gen Z youths in Europe and the United States are unabashedly buying and comparing knockoff goods based on their quality and similarity to the original designs.
A person enters Galleria Department Store's Gangnam branch in southern Seoul on Tuesday.
Self-upscaling must come before upscaling their consumer products.
Korea JoongAng Daily Sitemap
