A luxury experience in China: Global high-end brands bet on conceptual stores to revive sales

By Reuters Published June 30, 2025 Louis Vuitton‘s latest Shanghai store is not your average luxury flagship. The 30-meter-high, ship-shaped store, “The Louis”, is billed as an experience, and houses an exhibition space and cafe in Shanghai’s downtown Nanjing Road shopping strip. Reuters “The Louis”, which had a grand opening on Thursday, will undoubtedly draw…

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Behind the world’s fragrances sits a shadowy oligopoly

Damp carpet and old coffee. That is how a perfumier might have described the “top notes”—industry speak for the initial olfactory experience—at SIMPPAR, the annual fragrance-ingredient expo held this month in Paris. It is where vendors from Sicilian dynasties to Japanese chemical firms gather to showcase their ingredients. Some are natural. The centifolia rose, a…

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This AI Model Never Stops Learning

Modern large language models (LLMs) might write beautiful sonnets and elegant code, but they lack even a rudimentary ability to learn from experience. Researchers at Massachusetts Institute of Technology (MIT) have now devised a way for LLMs to keep improving by tweaking their own parameters in response to useful new information. The work is a…

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