- burberry – united kingdom – plans to cut 20% of global workforce (about 1,700 jobs) – reason: sharp fall in sales in key markets including china and the united states
- kering (gucci’s parent company) – france – confirmed 4% staff reduction by december 2024 – gucci staff down 22% since 2022 peak
- chanel – france – trimming 70 jobs in the united states
- lvmh – france – no specific numbers disclosed – implementing “selective delayering” layoffs – revenue in asia (excluding japan) down 14% in q2 2024
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Since when is luxury fashion relevant for Nike?