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Luxury

How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.

Gucci’s China Shock Reverberates Across the Luxury Sector

A sharp drop in the label’s Asia-Pacific sales is the latest sign that Chinese luxury demand is cooling.

Gucci’s China Shock Reverberates Across the Luxury Sector

A sharp drop in the label’s Asia-Pacific sales is the latest sign that Chinese luxury demand is cooling.


Can Gucci’s Turnaround Plan Still Work?

This week, Kering flagged sales were down 20 percent at its flagship brand, knocking confidence in the group’s turnaround strategy. ‘A more drastic solution is required,’ one analyst wrote.

Can Gucci’s Turnaround Plan Still Work?

This week, Kering flagged sales were down 20 percent at its flagship brand, knocking confidence in the group’s turnaround strategy. ‘A more drastic solution is required,’ one analyst wrote.


Pierpaolo Piccioli Is Exiting Valentino

A new creative configuration will be announced soon, the Roman couture house said.

Pierpaolo Piccioli Is Exiting Valentino

A new creative configuration will be announced soon, the Roman couture house said.


Claude Montana: Triumph, Tragedy and Cancellation

The late designer had it all and lost it all, but his design genius made him a fashion legend, writes Tim Blanks.

Claude Montana: Triumph, Tragedy and Cancellation

The late designer had it all and lost it all, but his design genius made him a fashion legend, writes Tim Blanks.


Hermès Faces Class Action Suit Over Birkin Sales Practices

The brand is being accused of unlawful ‘tying’ for allegedly requiring shoppers to buy ancillary items from other product categories before they were allowed to purchase the brand’s sought-after Birkin bags.

Hermès Faces Class Action Suit Over Birkin Sales Practices

The brand is being accused of unlawful ‘tying’ for allegedly requiring shoppers to buy ancillary items from other product categories before they were allowed to purchase the brand’s sought-after Birkin bags.


Gucci Sales Down 20% in First Quarter, Kering Forecasts

Kering’s first-quarter revenues will likely decline by 10 percent on a comparable basis, the Paris-based luxury group flagged on Tuesday.

Gucci Sales Down 20% in First Quarter, Kering Forecasts

Kering’s first-quarter revenues will likely decline by 10 percent on a comparable basis, the Paris-based luxury group flagged on Tuesday.


US Luxury Purchases Fell 15 Percent in February, According to Citi Credit Card Data

The lacklustre month follows a 19 percent year-on-year drop in January, the bank’s analysts said. LVMH, Brunello Cucinelli and Ferragamo are among the companies most exposed to a US slowdown.

US Luxury Purchases Fell 15 Percent in February, According to Citi Credit Card Data

The lacklustre month follows a 19 percent year-on-year drop in January, the bank’s analysts said. LVMH, Brunello Cucinelli and Ferragamo are among the companies most exposed to a US slowdown.


Balmain CEO Exits Company

Jean-Jacques Guevel’s departure follows the exit of the brand’s marketing chief Txampi Diz last week.

Balmain CEO Exits Company

Jean-Jacques Guevel’s departure follows the exit of the brand’s marketing chief Txampi Diz last week.


Dries Van Noten to Step Down

The Belgian designer will step down as creative director of his namesake fashion house following its June menswear show, he announced in a letter to fashion editors Tuesday.

Dries Van Noten to Step Down

The Belgian designer will step down as creative director of his namesake fashion house following its June menswear show, he announced in a letter to fashion editors Tuesday.


Luxury’s Latest Battleground: Real Estate

Top luxury groups are buying real estate to secure landmark store locations with serious implications for second-tier players who are already struggling to stay on key luxury streets, writes Luca Solca.

Luxury’s Latest Battleground: Real Estate

Top luxury groups are buying real estate to secure landmark store locations with serious implications for second-tier players who are already struggling to stay on key luxury streets, writes Luca Solca.


The Strategy Behind Miu Miu’s Explosive Growth

How did Miu Miu grow by 58 percent last year? CEO Benedetta Petruzzo breaks down the plan that’s powered eye-popping acceleration in a slowing luxury market.

The Strategy Behind Miu Miu’s Explosive Growth

How did Miu Miu grow by 58 percent last year? CEO Benedetta Petruzzo breaks down the plan that’s powered eye-popping acceleration in a slowing luxury market.


Have We Hit Peak Red Carpet?

Luxury brands aren’t cutting back exactly, but the days of spending ever more of the budget on custom dresses and celebrity ambassador contracts may be coming to an end.

Have We Hit Peak Red Carpet?

Luxury brands aren’t cutting back exactly, but the days of spending ever more of the budget on custom dresses and celebrity ambassador contracts may be coming to an end.