Quick Peek

1. Constellation Brands lowers annual sales forecast — what’s brewing?

2. Prada eyes Versace in a potential luxury shake-up.

3. Lululemon’s surprising Q4 forecast lift.

4. Mercedes-Benz and BMW adjust amid sales turbulence.

5. Porsche’s China conundrum: a 28% sales dip.

6. Abercrombie & Fitch raises outlook but faces mixed reactions.

7. Mercedes-Benz integrates Google AI into its MBUX system.

8. Amazon orders 200 electric trucks from Daimler.

Corona Blues for Constellation Brands

Constellation Brands, the maker of Corona beer, has revised its annual sales outlook, citing slowed demand in key markets. With this unexpected cut, questions loom about changing consumer preferences and market dynamics.Read the full article here.

Speaking of bold industry moves…

Prada Considers Buying Versace

Prada may be making a splash in the luxury market by exploring the acquisition of Versace from Capri Holdings. This deal could reshape the high-fashion landscape, merging two iconic brands under one powerhouse umbrella.Read the full article here.

On the topic of soaring brands…

Lululemon’s Raised Q4 Guidance

Lululemon’s stock surged as the athleisure giant raised its Q4 guidance, citing strong holiday sales. As consumers continue to embrace wellness and premium activewear, Lululemon’s strategies seem to be paying off.Read the full article here.

From activewear success to auto industry struggles…

Mercedes-Benz and BMW Tackle Sales Challenges

Mercedes-Benz reported a dip in 2024 sales due to global challenges, while BMW revised its sales guidance amid a tough second half. These updates highlight the hurdles luxury automakers face in a volatile global market.Read the full articles on Mercedes-Benz and BMW.

Meanwhile, Porsche encounters its own roadblocks…

Porsche’s 28% Sales Decline in China

Porsche’s 2024 sales in China fell by a staggering 28%, raising concerns about demand in the luxury car segment within the world’s largest auto market. How will Porsche rebound from this significant dip?Read the full article here.

While luxury struggles, retail makes unexpected gains…

Abercrombie & Fitch Raises Sales Outlook

Abercrombie & Fitch boosted its sales outlook, management expects fourth-quarter net sales growth to be between 7-8%, an increase from the previously mentioned 5-7% bracket thanks to better-than-expected performance.Read the full article here.

Now, let’s shift gears to technological innovation…

Mercedes-Benz Enhances MBUX with Google AI

Mercedes-Benz is incorporating Google’s AI into its MBUX infotainment system, promising smarter, more intuitive interactions for drivers. This innovation underscores the growing convergence of tech and automotive industries.Read the full article here.

Lastly, a look at Amazon’s green commitment…

Amazon Orders 200 Electric Trucks

Amazon has placed an order for 200 electric heavy trucks from Daimler, marking a significant step in its sustainability efforts. These trucks will operate in high mileage routes within Amazon’s network in Germany and the UK, contributing to Amazon’s Climate Pledge commitment to reach zero-emission goals.Read the full article here.

Fill the French Press