The Brooklyn Bridge hotel is utilising new technologies and new marketing tactics to reach and engage luxury consumers whose spending habits are environmentally motivated.
Sales grew in all regions, with the exception of the Middle East and Europe.
The outlook for the luxury industry is looking bleak, with growth slowing down in key markets.
The luxury house is strengthening its position in the sector with recent investments in timepiece parts makers including small Swiss firm Kenissi.
India is increasingly a focal point for the fashion industry, reflecting a rapidly growing middle-class and increasingly powerful manufacturing sector.
The chief executive of the fashion division of Reliance Industries, India’s largest private sector conglomerate with consolidated turnover of $63 billion, talks about seizing opportunities in the fastest-growing major economy in the world.
Investors reacted by dumping stocks sensitive to China — such as luxury brands — and the economy.
For fashion players, 2019 will be a year of awakening as paradigm shifts force a rewriting of many old industry rules.
Trussardi’s founding family has sold the fashion house to investment fund Quattro R, according to a report published by Italian news site Pambianco.
Luxury resale sites like The RealReal and Vestiaire Collective create an unprecedented opportunity for counterfeiters. Are they doing enough to weed out fakes?
The UK’s biggest retailer of luxury Swiss watches is pushing into America with its glossy showroom model intent on luring investors as much as millennials, as hedge fund owner Apollo prepares for an exit.
Shares of the British trench coat-maker have fallen 4.6 percent this year, a similar level to when chief executive Gobbetti took charge mid-2017.
The Italian label has continued to enjoy solid growth in China, defying a wider downturn in demand for European luxury. The June 11 presentation of its summer collection will be the latest in a series of travelling shows.
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
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.