Indian Jewellery Giant Titan Jumps as Profits Beat Expectations
The company’s share price notched its biggest weekly rise since 2020 as investors bet on softer gold prices to bring customers back to stores.
Ulysse Nardin
Latest News & Analysis
Luxury
Kering-Owned Swiss Watch Brands Cut Staff by 25%
Patrick Pruniaux, CEO of Swiss watch brands Ulysse Nardin and Girard Perregaux, said the economic fallout of Covid-19 will have a knock-on effect on the industry over the next several years.
Luxury
Luxury Watch Brands to Stage New Event Following Baselworld Cancellation
Bulgari organised the event, Geneva Watch Days, after the coronavirus outbreak forced the cancellation of other industry gatherings. Eight brands have signed on so far.
Global Markets
Luxury Firms Count Cost of Russia's Recession
Russia's lurch into recession has hit many tourism and luxury goods companies hard, forcing them to cut prices — and in turn costs — in an attempt to limit the damage.
News & Analysis
Market Pulse | A Chilly Summer
The Savigny Luxury Index fell a further 3.8 percent this month. The outlook for the luxury goods sector darkened as disappointing results from industry leader LVMH showed how the strong euro and political protests in Hong Kong were curbing spending and hitting profits.
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The News in Brief
Bangladesh Garment Protests Continue
Workers staged fresh demonstrations in Dhaka Thursday, forcing factories to suspend operations despite government promises to raise wages before the end of the year.
Rogaine Rides GLP-1 Wave With 30% Sales Surge
The decades-old hair-loss remedy is unexpectedly booming from more people taking GLP-1 weight-loss drugs.
Ralph Lauren’s Quarterly Revenue Forecast Disappoints, Sending Shares Down
Expectations for the brand to sustain a rapid pace of growth set a high bar, leaving investors disappointed even as its raised its annual outlook.
Tapestry Lifts Outlook as Young Shoppers Snap Up Coach Bags
Shares rose in early trading after the company raised its revenue and profit forecasts, even as the broader luxury sector grapples with a slowdown.
Chanel Beauty Opens Alpine-Inspired Activation at Harrods
The luxury beauty label has taken over a corner of the department store's ground floor with a gifting suite.
Bangladesh Agrees New Garment Pay Scale From December Amid Protests
The government has yet determine the details of revised wage levels as it scrambles to manage days of protests that have disrupted the country’s garment industry.
China Wealth Crackdown Lifts Hong Kong Watch and Jewellery Sales
Rich shoppers are turning to gold and gemstones to preserve wealth, softening the blow for luxury giants like Hermès and Richemont as Beijing tightens its grip on overseas assets.