This episode is all about the recent news of various luxury fashion houses reporting a major sales slump- is the "luxury party" over?
I begin this episode with various fashion houses sales news with a focus on the largest luxury conglomerate, LVMH. Then I provide an in-depth legal discussion and analysis on three lawsuits that Gucci filed last week against Century 21, Lord&Taylor and Sam's Club. Enjoy and thank you for listening!
Episode Notes:
1.Forbes Article: https://www.forbes.com/sites/pamdanziger/2023/07/29/luxury-leaders-sales-drop-in-us-as--aspirational-consumers-put-new-purchases-on-hold/?sh=a7fbc8e415c3
1. Gucci America, Inc. v. LORD & TAYLOR ECOMM LLC, 1:23-cv-10239 (SDNY)
2. Gucci America, Inc. v. Sam’s West, Inc., et al., 1:23-cv-10246 (SDNY)
3. Gucci America, Inc. v. Century 21 USA LLC, et al., 1:23-cv-10247 (SDNY).
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