Luxury


Hermès 2014 Net Profit Surges, “Easily Tops the Mark of Luxury Peers”

hermes

Paris—Hermès International’s strategy of pursuing the uppermost reaches of the affluent market has paid off again for the luxury … [Read more...]

Report: Consumer Demand Increases for High-End Timepieces, Smartwatches

Swiss Smartwatch: Breitling's B55 Connected, the brand’s first connected chronograph. Since the main assets of a smartphone are its screen and its ergonomic interface, owners of the B55 Connected can use their phone to perform certain adjustments (time-setting, time zones, alarms, display and operating parameters, night mode, etc.). At the same time, the user may also upload the results of various measurements (flight times, etc.) from the chronograph to the smartphone so as to be able to read them more easily, store them or pass them on via wireless connectivity.

Basel and Geneva, Switzerland—BaselWorld, the annual trade show for watches, opened Thursday with a showcase of 1,500 brands that … [Read more...]

Basel Bombshell for Apple? TAG Heuer, Gucci Announce Luxury Smartwatches

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Basel, Switzerland—The 18K gold, $10,000 plus Apple Watch won’t be the only luxury smartwatch to vie for affluent consumers. … [Read more...]

Kering’s New Eyewear CEO Roberto Vedovotto Appointed to Executive Committee

Roberto Vedovotto

Paris—As if it weren’t already clear, Kering  today appointed its CEO of eyewear Roberto Vedovotto as His appointment to Kering’s … [Read more...]

Neiman Marcus Swings into Holiday Quarter Profit as Online Sales Rise

Neiman Marcus

Dallas--Neiman Marcus Group swung to a second quarter profit today, helped by its recent purchase of Munich-based MyTheresa.com, … [Read more...]

Coach to Open first Paris Flagship on Saint-Honoré

Rue du Faubourt Saint-Honore

New York—Intent on expanding its international presences as it tries to recoup its U.S. business, Coach announced today the … [Read more...]

Ralph Lauren Stock Plunges as Q3 Earnings Miss, Outlook Lowered

The Ralph Lauren Resort 2015 Collection, featuring the Petite Stirrup watch in Rose Gold with Black Dial

New York—Ralph Lauren Corp. faced its biggest one-day stock plunge ever after missing its third quarter earnings and lowering its … [Read more...]

Coach Q2 Earnings Slide Again; Executives Shifts Announced

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New York—Coach Inc. today reported that its second quarter profit and sales fell but its turnaround is starting to take hold. The … [Read more...]

Richemont Q3 Sales Stall on Hong Kong Protests

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

Coach to Pay Up to $574 Million for Stuart Weitzman from Sycamore Partners

Picture-Perfect Pals: Stuart and Gisele Bündchen reunite for the ‪SS15‬ ad campaign, as photographed by Mario Testino

New York—In its first acquisition, Coach Inc. today revealed it has signed a definitive agreement with private equity firm … [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...]

Does Rudeness Boost Sales in Luxury Stores?

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Vancouver--A study by the University of British Columbia’s Sauder School of Business suggests that snooty service may actually … [Read more...]