Inside luxury goods' broken audit system
MILAN (Reuters) -LVMH-owned Dior's production arm in Italy, Manufactures Dior, relied on formal inspections to assess working ...
High GST rate on luxury goods is counter-productive
In contrast, Canada imposes a uniform 5 per cent GST on most goods and services. Singapore has a uniform GST of 9 per cent.
The Luxury Goods Market and Consumer Behavior
We recently published a list of Top 12 Luxury Stocks According to Hedge Funds. In this article, we are going to take a look ...
Entrupy Battles Counterfeiting As Luxury ‘Dupes’ Become Ubiquitous
In the U.S., the counterfeit market is estimated at $872 million, Entrupy’s State of the Fake report highlights the growing ...
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Indonesia implements 12% VAT on luxury goods
Indonesia has officially implemented a 12% value added tax (VAT) on luxury goods and services starting on Jan. 1, a 1 ...
Luxury Western Goods Line Russian Stores, Three Years Into Sanctions
Despite a barrage of Western sanctions and swathes of brands quitting Russia after the Kremlin launched its Ukraine offensive, Moscow's most well-off shoppers are still spoilt for choice when it comes ...
French Billionaires Take Biggest Hit Ever on Luxury Goods Slump
For France’s biggest billionaires, 2024 was a year to forget as their combined fortunes slumped by a record amount on weak ...
Nordstrom to close two Massachusetts stores, DICK'S Sporting Goods to move in
Luxury department store Nordstrom said it will close two Massachusetts locations in the next few months. Another national ...
Indonesia's president says VAT hike to apply only on luxury goods
Indonesia's President Prabowo Subianto on Tuesday said a planned increase in value-added tax (VAT) rate by one percentage ...
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Indonesia cancels VAT hike on basic goods as such items are very essential for people, says ...
Indonesia began 2025 with an increase in the value-added tax (VAT) on luxury goods and services in a bid to boost state ...