Luxury


Yoox Confirms Net-A-Porter Acquisition

yoox

Milan--Net-A-Porter Group, the U.K.-based luxury e-commerce retailer, will merge with Italian e-commerce giant Yoox—ending … [Read more...]

Confirmed: Yoox is in Talks to Acquire Net-a-Porter

yoox

Paris and Milan—While Amazon has denied reports it has been in talks to acquire Net-A-Porter, Italian online retailer Yoox, … [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...]

Luxury Market Faces a Drought as Affluents Choose Conscious Consumption

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Stevens, PA—The U.S. economy may be in a post-Great Recession period but many of the consumer values developed during the time … [Read more...]

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...]