Luxury


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...]

Scrooge Syndrome: Affluents’ Confidence Dips to Great Recession Lows

Wealthy Shoppers

Stevens, PA--Call it the "Scrooge Syndrome." The consumers who have the money--and loads of it--are worried about the economy and … [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...]

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