Hong Kong


Hermès Birkin Expected to Break Auction Record

birkin feature

A Hermès Himalayan Birkin is expected to break all previous auction records for handbags when it goes on sale at Christie's Hong … [Read more...]

Despite Impact of Hong Kong, Burberry Q3 Sales Edge Up

May Bell and Sol Goss in silk and suede for the new Burberry 2016 campaign, shot by Mario Testino

London—Burberry Group reported today that its third quarter sales edged up 1% with flat comp sales as the British luxurygoods … [Read more...]

Prada 2014 Profit Drops by Nearly 30% on Weaker Sales

The third chapter of Prada The Iconoclasts was inaugurated during Paris Fashion Week at Prada Faubourg Saint-Honoré store. "Worldwide known costume designer Milena Canonero, four times Oscar winner - reinterpreted the visual identity of the store through the Feng Shui philosophy"

Milan—Stung by weaker sales in Asia, Prada today reported its net profit dropped 28% last year.As has been reported by other … [Read more...]

Richemont Q3 Sales Stall on Hong Kong Protests

cartier

Geneva-- Cie. Financiere Richemont SA, the Swiss luxurygoods parent to Cartier, Van Cleef & Arpels, Montblanc etc, today … [Read more...]

Hong Kong Protests Dampen Burberry’s Asian Sales Gains

Campaign stars Naomi Campbell and Jourdan Dunn wearing Burberry Prorsum for the Spring/Summer 2015 campaign

London—The pro-democracy activists who camped out in Hong Kong’s main business district for two months to bring attention to their … [Read more...]

Prada Q3 Profit Plummets as Sales Slowdown

PRADASPHERE: A special exhibition exploring the universe of Prada.

Milan--Prada reported today that its third quarter profit dropped 44% as sales declined. The luxurygoods company said it plans to … [Read more...]

NYC Surpasses Hong Kong for Most Expensive Retail Rent

Bergdorf-Goodman_9187

New York--New York City’s retail rent is now the highest in the world, reaching $3,500 per sq. ft. per year on Upper Fifth Avenue. … [Read more...]

Tod’s 9-Month Profit Falls 21.6%

Tod’s Portraits enters the world of Sonia Sieff, the French photographer and film director.

Ancona, Italy—Tod’s reported that its nine-month profit dropped 21.6% as costs rose and fewer of its high margin leathergoods were … [Read more...]

Burberry’s First Half Sales Rise, But Warns About Second Half

burberry

London--Burberry Group Plc today blamed a deteriorating market for hurting will hurt profitability this year, the latest among … [Read more...]

J. Crew Q2 Net Falls 38% Despite Sales Rise

jcrew

New York—J. Crew Group Inc. said Thursday that its second quarter profit fell 38% as the privately held retailer posted higher … [Read more...]

LVMH First Half Profit Hit by Exchange Rates

Pre-fall look at LVMH's Fendi brand, a strong first half performer

Paris—LVMH—the world’s largest luxurygoods conglomerate—felt the sting of a “pressured” Asian market that pushed its profit and … [Read more...]

Swatch First Half Earnings Drop for First Time in 5 Years

Nicole Kidman, one of the brand ambassadors for Swatch Group's Omega brand

Zurich—Reporting its first drop in half year earnings in five years, Swatch Group today warned of an uncertain second as Hong … [Read more...]