Luxurygoods


Prada Full Year Sales Down 1% in Line with Estimates

Spring/Summer campaign at Prada

Milan—Prada may have been one of the luxurygoods sectors worst performers the last two years, but the brand, which also owns Miu … [Read more...]

Saint Laurent Sales Boost Kering Q4 as Gucci Stalls

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Paris—Kering SA reported Tuesday that its fourth quarter revenue rose as its Saint Laurent brand saw a sales increase while its … [Read more...]

Currency Impacts to Slow Hermès’ Growth in 2015

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Paris-Although one of the best performing public luxurygoods companies, Hermès International SCA today said it expects its 2015 … [Read more...]

LVMH Hits New Heights as 2014 Profit Rises 64%

Photographer Bruce Weber shot actress Jennifer Connelly for the Louis Vuitton SERIES 2 Spring 2015 campaign.

Paris—LVMH enjoyed a record high in shares today after reporting Tuesday that its luxurygoods sales were higher than expected last … [Read more...]

Gucci Promotes “Insider” Accessories Designer as New Creative Director

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Paris—Alessandro Michele, head of accessories at Gucci, was named today as the new creative director for Gucci, according to … [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...]

Dangerous Deals: 84% of Americans Unsure Between Knockoffs and Authentic Luxurygoods

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New York–As the countdown to the doorbusters deals of Black Friday (or Grey Thursday—Thanksgiving) begin so do the warnings from … [Read more...]

Global Luxury Business to Hit $405 Billion in 5 Years

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

Hermès Q2 Sales Slow, Hit by Currency Exchanges

"Once upon a time in the Wild West of Paris"...Hermès interprets Western

Paris— Hermès International SCA reported today that its second quarter sales trailed estimates as the weakness of the yen and a … [Read more...]

Item of the Day: Fendi Karlito

Bag Boy: Karlito

One of the hottest luxurygoods this summer isn’t even a handbag, wallet or piece of jewelry. The fashion cognoscenti have … [Read more...]

Burberry’s Sales Rise Bolstered by China

Fall/Winter campaign for Burberry

London—Heading into an annual meeting on Friday, Burberry reported today that its sales were strong especially out of Greater … [Read more...]