21 Jun Gucci increases handbag rates to diminish blasting Coronavirus
Gucci has increased its handbag rates to mitigate the economic cost caused to the company by the COVID-19 pandemic. This report, however, arrives only days before Chanel’s estimate of the two-year effect the global epidemic would have on the luxury market.
In a survey by Jefferies analysts, Gucci ‘s market changes were discovered, noting rises from five and nine per cent for Dionysus ($2,290 USD) and Zumi bags ($2,980 USD) in China, Italy and the UK. The strategic transition mirrors that of competitors Louis Vuitton and Chanel’s market trends, banking on their core customers as affluent spenders who will tend to buy their goods even after higher costs. According to analyst Cereda, the price change will diminish the gap between Europe’s lower handbag costs to major consumer markets such as China, where prices soar much higher. – Adapted from Hypebeast
The number of active Covid-19 cases in Rembau, Negeri Sembilan rose sharply on Friday (May 8), according to the Health Ministry’s National Crisis Preparedness and Response Centre (CPRC).
Based on the CPRC infographics shared via Ministry’s social media accounts, the number of active cases in Rembau district increased to 59 compared with only seven cases recorded on Thursday (May 7).
The drastic increase is believed to be the result of the discovery of a new cluster in the area, dubbed the “Pedas cluster”, by the Ministry about a week ago involving 53 foreign workers who tested positive for Covid-19 at a factory in Pedas, Rembau.
Meanwhile, as of noon Friday, there were 10 districts classified as red zones throughout the country, namely, three in Selangor; four in the Federal Territory of Kuala Lumpur; one in Johor and two in Sarawak.
In Selangor, the districts are Petaling (53 cases), Hulu Langat (55) and Gombak (80); Kluang in Johor (49); as well as Kuching (100) and Kota Samarahan (43) in Sarawak.
Meanwhile in Kuala Lumpur, the areas are Batu (101), Kampung Baru (67), Sri Petaling (45) and several other areas in the capital (144).
The red zone represents areas with more than 41 Covid-19 positive cases, yellow zone (one to 40 cases) and green zone (no case).