(CNN) — Luxury stocks tumbled in Europe Wednesday after a profit warning from the owner of Gucci laid bare a sharp slowdown in demand for high-end goods, especially in China. Shares of Kering plunged as much as 15% in Paris, while LVMH, Europe’s second-most valuable company and owner of brands such as Louis Vuitton and Tiffany & Co., was more than […]

(Daily Beast) – Kardashian’s clothing company Skims is now worth a staggering $4 billion, the business will reportedly announce Wednesday, after raising $270 million in a new funding round. The apparel company has rocketed to its ten-digit valuation after just four years of existence and has seen an $800 million increase in the $3.2 billion […]

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