The Swiss luxury goods company reported an unexpected decline in first-half operating profit in part due to rising costs, fewer sales to retailers and a fall in growth in the domestic Chinese market.
As the UK’s largest luxury brand attempts to position itself as a true luxury player, the drops from Riccardo Tisci's runway collection are already driving excitement and shifting perceptions. But with the bulk of Tisci's work still months from hitting stores, the brand has a long way to go.
The Celine creative director’s first accessories arrive in stores November 12, following product drops by the likes of Burberry, Moncler and Louis Vuitton. But is the strategy working for luxury the way it does for streetwear?
Gènavant designers Jimmy Choo and Reggie Hung are hoping to lure Chinese one-percenters with a pair of high heels inlaid with thousands of rare pink diamonds.
Luxury brands from Cartier to Louis Vuitton can’t get enough of London’s high-end retail corridors. Why and for how long?
The Chinese e-commerce giants are taking their battle for relevance in the lucrative luxury-goods market to a new level, as they aim to crack e-commerce tie-ups with top brands that usually shun selling through third parties.
The Italian luxury brand will fold Versus into its Versace Jeans label, phasing out Versace Collection.
The footwear designer is opening his first free-standing store in Paris and is eyeing Asia for future growth with new boutiques in Tokyo and Taipei.
Chief executive Victor Luis talks China, challenges at Stuart Weitzman and high hopes for Kate Spade New York.
The owner of Coach and Kate Spade is making its “most significant investments” in expanding distribution in the domestic Chinese market.
In a rare interview, the founders of the Newcastle-based shopping destination reveal their plans to reach $350 million in annual revenue by 2020.
The former Chanel CEO will bring her experience to the fast-growing luxury e-commerce site, while Autotrader’s Trevor Mather will also join the board.
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.