Luxury


Gucci Down, Puma Up in Kering’s Q3 Sales Report

Gucci Cruise

Paris—Kering SA today reported third quarter sales in line with estimates even though its Gucci business was off due to weaker … [Read more...]

Melin Partners with Lids on Luxury Headwear Line

melin

Laguna Hills, CA—Melin is partnering with LIDS, the largest hat specialty retailer in the world, to bring their premium hats to … [Read more...]

LVMH Sales Up Despite Weakness in Asia

What happens when Christian Louboutin designs for Louis Vuitton's Monogram Collection: a Shopping Trolley. Retail: $23,000

Paris—LVMH, “the world's biggest luxury group,” reported today that sales were up in its third quarter as business picked up in … [Read more...]

Mulberry Issues Another Profit Warning

mulberry

Somerset, England—Shares of Mulberry sunk 14% today after the luxury handbag company told analysts that its full year profit would … [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...]

Global Luxury Business to Hit $405 Billion in 5 Years

Luxury-Goods-Shop-Receipt-0414

London--Euromonitor International, a market research firm, predicts that the worldwide luxury business will grow 19 percent to … [Read more...]

Saks to Open Second NYC Store in Financial District

Brookfield-Pavilion

Toronto and New York--Hudson’s Bay Company announced today that it has signed a lease with Brookfield Property Partners L.P. … [Read more...]

Prada on H1 Profit Drop: No Sign of Improvement

Prada Spring '15

Milan--Prada has booked a drop in first-half earnings due to weakness in Europe, and said there are no signs of improvement in the … [Read more...]

Richemont Sales Growth Slows in First Five Months

cartier

Geneva—Hit by currency exchanges, Compagnie Financiere Richemont AG, parent to Cartier, Van Cleef and other top luxury brands, … [Read more...]

Neiman Marcus Goes International with Luxury Website Purchase

MyTheresea.com

Dallas—Neiman Marcus Group hasn’t had an international presence until today. The luxury retailer revealed it is purchasing a … [Read more...]

“Handbag War” Ends: LVMH, Hermès Make Up

LVMH-Hermes

Paris—One of the most contentious and bitter battles ever in luxurygoods is over.Today—unexpectedly—LVMH and Hermès announced … [Read more...]

Hermès First Half Profit Rises on Asia Sales

Bags in bamboo green colored leathers

Paris--Hermès has revealed a 6.3% increase in first-half earnings and reaffirmed its outlook for the full year.Consolidated … [Read more...]