Shares in LVMH fell as much as 6.5% in early Wednesday trade and were on track for their biggest one-day drop since October 2023 after second-
July 24, 2024
Kering reported a bigger-than-expected drop in second-quarter sales and forecast a weak second half, as the French luxury group works to revive its key label Gucci
July 24, 2024
Sotheby's embarks on a new kind of selling in Hong Kong on Saturday, with its first retail outlet, stocking anything from collectable trainers to dinosaur fossils,
July 25, 2024
Birkin-bag maker Hermes reported a 13% rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags,
July 25, 2024
Ralph Lauren beat Wall Street estimates for quarterly revenue on Wednesday as its younger, wealthier customer base continued to snap up its pricey shirts and sweaters in the U.S.,
November 08, 2023
Coach parent Tapestry, which agreed to buy rival Capri in August, cut its annual sales forecast on Thursday and missed first-quarter estimates, taking a hit from weak demand for its luxury
April 26, 2024
Pandora, the world's biggest jewellery maker, is aiming for organic revenue growth of 6%-9% in 2024, it said on Wednesday, after strong sales of its silver charms and bracelets
April 26, 2024
Ralph Lauren topped Wall Street expectations for revenue on Thursday in its 12th straight quarterly beat, powered by steady demand from wealthier U.S. shoppers for its expensive sweaters
April 26, 2024
Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday.
April 26, 2024
The U.S.
April 26, 2024
Birkin bag maker Hermes reported a 17% surge in first-quarter sales on Thursday, sustaining a rapid growth rate from the previous quarter including in China, and
May 10, 2024
Kering's shares slumped on Wednesday, after the French luxury goods company warned it expected a 40% to 45% plunge in first-half operating profit.
April 24, 2024
French luxury group Kering expects a 40% to 45% plunge in first-half operating profit, it said on Tuesday, after first-quarter sales declined as wealthy shoppers
May 08, 2024
Italian luxury group Prada is not looking at big acquisitions as it is focused on the brands it already owns, its Chief Executive Andrea Guerra said on Monday.
June 04, 2024
Ralph Lauren on Thursday forecast annual revenue growth below market expectations despite beating quarterly results, as it grapples with subdued demand in the United
June 08, 2024
China's richest people are avoiding flaunting their wealth in favour of more discreet fashion, according to a report published on Tuesday by
June 30, 2024
German sandal maker Birkenstock said on Wednesday it has priced a $756 million secondary offering by an entity affiliated with L Catterton at $54 a piece.
June 27, 2024
Saks Fifth Avenue parent HBC will acquire department-store chain Neiman Marcus in a $2.65-billion deal, the companies said on Thursday, giving them stronger negotiating power with vendors
July 04, 2024
British luxury group Burberry on Monday sacked its CEO and named former Coach boss Joshua Schulman to replace him, as it promises a "more familiar" look and presses
July 15, 2024
Swatch Group, the world's biggest watchmaker, reported a steep drop in first half sales and earnings on Monday as demand for luxury goods in China remained weak, but
July 15, 2024
British luxury brand Burberry named Joshua Schulman as its new CEO on Monday after warning on profit and scrapping its dividend payment for this year.
July 15, 2024
British luxury brand Burberry named Joshua Schulman as its new CEO on Monday after warning on profit and scrapping its dividend payment for this year.
July 15, 2024
Burberry CEO is out after company warns about its profit
July 15, 2024
Sales at Cartier-owner Richemont were almost flat in the three months through June, the luxury group said on Tuesday, with a slump in Chinese demand pushing the overall result
July 16, 2024
Europe's top asset manager Amundi and other LVMH investors want the $370 billion luxury behemoth controlled by billionaire Bernard Arnault to take
July 23, 2024
Thai consumer confidence drops to 13-month low in August as growth slows
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Pac-12 targeting Boise St., Fresno St., San Diego St., Colorado St. for rebuild, AP sources say
From Chinese to Italians and beyond, maligning a culture via its foods is a longtime American habit