Hermès Sales Miss Estimates as Chinese Shoppers Curb Spending
The French leather goods powerhouse reported no sales growth in Asia-Pacific excluding Japan, its biggest market, last quarter.

This week’s blockbuster acquisition of Tiffany strengthens the French conglomerate’s position as luxury’s biggest player, putting rivals Kering and Richemont on notice.

Property tycoon Hussain Sajwani bought the Italian fashion group through his private investment company.

The Calvin Klein and Tommy Hilfiger owner's total sales reached $2.59 billion during the third quarter.

Chairman Ralph Toledano spoke exclusively to BoF about the label’s plans to reverse years of losses and achieve breakeven following filings that revealed a 16 percent sales decline in 2018.

The New York-based designer will unveil a 21-foot-high fabric sculpture of a palm tree as his first serious venture into the world of fine art.

The French luxury conglomerate is betting that it can restore shine to the faded American jeweller and boost its watches and jewellery division.

The world's largest luxury conglomerate and the American jeweller could reach an agreement as soon as Sunday evening and announce the deal on Monday.

The brand has capped internal discounting after authorities deemed it a taxable benefit.

At BoF VOICES, Matthew Williams of 1017 ALYX 9SM tells Editor-at-Large Tim Blanks why he’s more interested in ‘modern craft’ than streetwear.

Brendon Babenzien’s menswear brand Noah focuses on values and collaboration instead of profit margins and competition.

Tiffany shares jumped 3.6 percent to $127 in after-hours trading in New York on the news.

Museum-worthy couture is now being chased by everyone from private collectors to secondhand retailers, and prices are ballooning.
The French leather goods powerhouse reported no sales growth in Asia-Pacific excluding Japan, its biggest market, last quarter.
Performance was weighed down by the core Moncler brand, known for its puffer jackets, which posted a 1 percent decline in revenue during the quarter.
The Indian brand will hold a special event at the Florence show.
The Lii designer took home the top award after winning the Karl Lagerfeld prize at the LVMH Prize earlier this year.
Total shipments rose 2.7 percent to $23.6 billion in the first nine months of the year, the Federation of the Swiss Watch Industry said Tuesday.
Revenue rose 7.2 percent, beating analysts' estimates.
Most stores in the Via Montenapoleone luxury shopping district, home to brands including Chanel, Tiffany and Dior, removed merchandise from their windows as a precaution.
Resilient demand for heritage bags and a higher share of full-price sales boosted the British luxury handbag maker, sending shares nearly 4 percent higher in early trading.