Luxurygoods


Moving More Upscale, Louis Vuitton Hires New Accessories Designer

Actress Michelle Williams appears in Louis Vuitton's campaign for its new higher end Capucine handbag, made of Taurillon calf leather

Paris—One of the goals that Louis Vuitton this year was to move the brand more upscale, pruning back on its offerings in its … [Read more...]

LVMH Takes Majority Stake in British Footwear Designer

Shoes from Kirkwood's Chevron collection

London—LVMH, the world’s largest luxurygoods conglomerate, once again is looking to build up-and-coming designer brands. Today, … [Read more...]

Hermès First Half Profit Up 14.9%, Beating Forecasts

Hermes Handbag and accessories

Paris—Bolstered by sales increases of its luxurygoods across the world, Hermès International today reported its first half profit … [Read more...]

Week in Review: Must-Know News

Woman_Shoes

New York—Some Wall Street analysts referred to it as a “frat boy fight” this week when William Ackman, the hedge fund founder and … [Read more...]

Asia to Account for More Than 50% of Luxury Market in 10 Years

Luxury Logos

London—Although some earnings reports from major luxury conglomerates have indicated a slowing in sales of luxurygoods, Asian … [Read more...]

Prada’s Half-Year Sales Slow Compared to 2012

Prada Fall 2013

Milan—Prada SpA reported Thursday its first half sales fell to about a third of last year’s as demand for luxurygoods waned in … [Read more...]

Uptick in Spending by Affluents Seen Ahead

Luxury Shopping

Stevens, PA—The ultra affluents—those consumers who make up the top 20%--have picked up their spending rate, a trend that bodes … [Read more...]

Tod’s First Half Profit Up on Sales Increase in Americas, Asia

Tod's for Fall: Calf hair Gommino moccasins in animal print

Milan—Tod’s reported Wednesday that its second quarter earnings grew, boosted by its two key brands and a double-digit sales rise … [Read more...]

Week in Review: 10 Things to Remember

rihanna

New York—There are rumors that prove true…and rumors that turn out to be false.  Such is frequently the case in retail and this … [Read more...]

Coach Q4 Profit Falls 12%; to Sell Reed Krakoff Brand

Coach's Madison Sadie Flap Satchel in Spectator Saffiano Leather.

New York—Shares of Coach Inc. fell in early trading today after the leatherwoods company announced disappointing fourth quarter … [Read more...]

New Research Reveals Luxurygoods Role in Relationships

"Roman Skyline", the Fendi F/W 2013-2014 ad campaign shot by Karl Lagerfeld.

Minneapolis—We all know that women love their handbags and shoes as a means to update their wardrobes or express their style … [Read more...]

LVMH Increases Stake in Hermès (Again)

LVMH-Hermes

Paris—LVMH confirmed today that it has increased its stake in Hermès International to 23.1% from 22.6% in what it described as “an … [Read more...]