SHOCKING: 2 - You Need To See This

European luxury stocks may not have shaken off the impact of economic pressures just yet as a key index that tracks the top 10 luxury stocks declined the most in a quarter since 2020

The luxury stock index, which includes LVMH, Ferrari and Richemont, is under pressure due to tighter consumer spending globally—especially in China.

Fortune · Oct 9, 2023

Cartier's use of images of Amazon tribe prompts Indigenous advocates to allege hypocrisy

Until two months ago, Cartier’s website showed Indigenous children playing in a field of tall, green grass

The Independent UK · May 15, 2023

Black worker snubbed by colleagues at Cartier and Montblanc company wins race case

Colleagues at the luxury firm where Cheryl Spragg worked refused to get in a lift with her and she was told there was a “preference for white continental Europeans" for a job she applied for

Daily Mirror · Oct 27, 2022

Major jewellers to cease buying Russian-origin diamonds after increased scrutiny

Several big name brands including Tiffany, Pandora and Chopard announce a pause on buying raw materials of Russian origin amid war in Ukraine

The Guardian - AU · Mar 31, 2022

Hermes, Richemont Temporarily Close Russian Luxury Goods Stores

Birkin bag maker Hermes and Cartier owner Richemont said on Friday they are temporarily closing Russian stores and pausing all commercial activities in the country, the first major global luxury firms to announce such a move. Doing business in Russia has become complex since Russia's invasion of Ukraine, which prompted…

Asharq Al-Awsat · Mar 4, 2022