Luxurygoods


Week in Review: Don’t Miss These Stories

Super Bowl

New York—While we’ll all have to wait until Sunday night to find out whether the Denver Broncos or the Seattle Seahawks win this … [Read more...]

LVMH 2013 Profit Edges Up as Sales Slow

From Louis Vuitton's cruise collection

Paris—LVMH, the world’s largest luxurygoods conglomerate, today said its 2013 profit only edged up 0.4% as sales growth slipped to … [Read more...]

Richemont Reports 9% Increase in Q3 Luxury Sales

Richemont

Geneva—Luxurygoods group Compagnie Financiere Richemont today reported that an increase in its third quarter sales due to a strong … [Read more...]

Burberry Reports 14% Sales Increase in Holiday Period

burberry

London—Burberry Group PLC reported today that its third quarter sales increased 14% helped by robust sales, particularly in … [Read more...]

Kering to Invest $20 Million in New Tannery

High-end Leathergoods: Le Dix Cartable M bag named for Balenciaga's 10 Avenue George V flagship boutique in Paris.

Paris—Kering, the luxurygoods conglomerate and owner of Gucci, Yves Saint Laurent, Balenciaga, and Bottega Veneta among others, is … [Read more...]

Prada Q3 Profit Misses as Sales Slow in Asia, Europe

Prada jewels

Milan/Hong Kong—An 8.6% profit rise would be a pretty good third quarter earnings for most companies. But when you are Prada SpA … [Read more...]

Kering Warns of Drop in Full-Year Profits

Suede Sapphire Collection: celebrating PUMA Suede's 45th anniversary.

Paris—Kering, owner of Gucci, Yves Saint Laurent and Puma, warned Thursday its full-year profit will be down “significantly” on … [Read more...]

Burberry Sets Record First Half Sales of $1 Billion

Burberry's Chicago Exclusives Collection

London—Burberry boasted today that its first half net profit rose 32.6% while its total sales exceeded 1 billion pounds (about … [Read more...]

Tod’s Profit, Sales Flat for First 9 Months

Tod's brand

Milan—Another luxury footwear and accessories brand reports a slowdown: Tod’s SpA today reported that its sales and revenue for … [Read more...]

Hermès Raises Sales Forecast Despite Q3 Miss

Hermes

Paris—While Hermès International SCA reported today that its third quarter leathergoods sales dropped 0.5%—one of its worst … [Read more...]

Week in Review: 10 Not-to-Miss Articles

NY Mayor Michael Bloomberg presenting Lew Frankfort of Coach the corporate leadership award at Fashion Group International's Night of Stars Oct. 22

New York—The rich may be different from you and me, but according to new consumer surveys even the wealthiest among us are … [Read more...]

Kering Posts Q3 Fall in Sales as Gucci Falters

Status Look: Gucci rethinks the little black dress for fall

Paris—Much like its rival LVMH reported earlier this month, Kering SA today reported a slowdown in its third quarter sales due to … [Read more...]