LVMH Moët Hennessy - Louis Vuitton
Bulgari Aims to Have Up to Six Stores in Russia over 10 Years
Bulgari plans to open up to four more stores in Russia over the next 10 years, betting on the long-term prospects of its luxury market.
TAG Heuer Sales to Rise at Least 10 Percent This Year
The head of luxury group LVMH's Swiss watchmaking business expects sales of the TAG Heuer brand, which includes "smartwatches" that connect to the Internet, to rise by at least a tenth this year.
Luxury Sector Pays the Price of Fear
The aftermath of the terrorist attacks in Paris and Brussels weighed heavily on the sector’s first quarter results as tourist flows to Europe dropped.
Bulgari Sees Brighter Prospects for Second Half of Year
Bulgari chief executive Jean-Christophe Babin sees growth picking up in the second half of the year after sales suffered following the terror attacks in Paris in November.
Clock Ticking as Swiss Watchmakers Await Market Recovery
Demand for traditional luxury watches has been hammered by a Chinese government crackdown on bribery, a drop in tourist shoppers to Europe and, at lower price points, the rise of smartwatches.
Fewer Paris Tourists and DKNY Shift Hit LVMH's Fashion and Leather
LVMH has announced their poor performance in fashion and leather goods being due to lower tourist spending on big brands such as Louis Vuitton in France and the ending of some DKNY lines.
LVMH Shares Fall, Dragging Down Rivals
European shares have fallen with luxury good stocks among the worst performers after France's LVMH posted first quarter sales below forecasts.
Michael Kors, Hermès and Tiffany Only Major Brands Underexposed to China
For most large luxury brands, the retail expansion opportunity in China is over.
LVMH First-Quarter Sales Miss Forecasts, Says France Remains Weak
LVMH on Monday posted first-quarter sales below forecasts as tourist shopping in key markets such as France and Hong Kong remained low.
LVMH First-Quarter Fashion and Leather Sales Flat, Miss Estimates
LVMH on Monday posted first-quarter sales below forecasts as solid demand in the United States failed to make up for weakness in key markets such as Asia and France.