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.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Attention Luxury Companies, Chinese Spending May Be Slowing Down
'More muted' demand from affluent Chinese customers may lower the growth prospects of luxury companies, said Bernstein analyst Luca Solca.
America Still Doesn't Have Its Answer to LVMH
Tapestry and Capri have both struggled to form groups that can compete on a global scale.
Richemont's Fashion Business: A Health Check
The Swiss luxury conglomerate has failed to turn brands like Chloé and Dunhill into a soft-luxury empire that can take on Kering and LVMH. Can recent operational changes turn the tide?
Richemont Weathers Hong Kong Protests as Jewellery Picks Up
Sales at the group rose 9 percent to €7.3 billion in the first half of the 2019-2020 fiscal year, with net profit broadly stable at €869 million.
Tiffany Reportedly Asked LVMH to Raise Its $14.5 Billion Offer
LVMH reportedly remains engaged and is considering a new offer for the American jewellery retailer.
Ralph Lauren Sales Soar, Defying Drag From Hong Kong
The luxury fashion house reported a 2 percent rise in revenue in North America thanks to a strengthened domestic market.
Tod's Sales Fall Amid Weakened Domestic Market
The luxury shoes and leather goods company faces a 'challenging' time as it attempts to recover from a 4.7 percent drop in sales and weeks of protests in Hong Kong.
Capri Misses Profit Estimates as Hong Kong Protests Hurt Versace Sales
The group, which also owns Michael Kors and Jimmy Choo, said it expects third-quarter revenue of $1.53 billion, below analysts' average estimate of $1.60 billion.
Streetwear Took Over the Fashion Industry. Now What?
Hoodies, sneakers and graphic T-shirts may have peaked as high fashion trends, but the movement’s wider influence is far from over.
LVMH Is Now the Second-Most Valuable Company in Europe: How Did That Happen?
The French luxury group's market capitalisation passed the €200 billion mark, underscoring its category dominance — and the outsize spending power of luxury consumers.
Tapestry Tops Profit Estimates Due to Coach's Success Overseas
Despite increased demand for high-margin Coach handbags outside the ailing US market, net sales for the group fell to $1.36 billion, missing expectations of $1.37 billion
Hugo Boss Sees Recovery Elsewhere After Hong Kong Hit
The German luxury house predicts a rise in operating profit in the fourth quarter, despite falling sales in the US and declining growth in Asia.
THE NEWS IN BRIEF
Moncler Reports Flat Q3 Revenue on Weak Tourist Spending in Europe
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.
Kartik Research Named Guest Designer for Pitti Uomo in January
The Indian brand will hold a special event at the Florence show.
Zane Li Wins 2026 CFDA/Vogue Fashion Fund
The Lii designer took home the top award after winning the Karl Lagerfeld prize at the LVMH Prize earlier this year.
Swiss Watch Exports Rise for Fifth Month on US, Europe Demand
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.
EssilorLuxottica Sales Lifted by Traditional Frames, Lenses
Revenue rose 7.2 percent, beating analysts' estimates.
Milan Luxury Shops Close for Fear of New Unrest as Government Prepares to Deploy Troops
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.
Mulberry Posts 18% Rise in First-Half Sales, Sending Shares Up
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.