Published November 18, 2024 We have more details from the latest Altagamma-Bain Worldwide Luxury Market Monitor 2024 that we covered last week and it seems the luxury sector is slowing down …
By Reuters Published November 13, 2024 Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with price hikes and …
By Reuters Published October 14, 2024 Investors in French luxury group LVMH are eager for signs that China’s new fiscal stimulus measures can finally pull wealthy and middle-class Chinese shoppers …
Published October 8, 2024 U.S. retail sales over the Black Friday/Cyber Monday (BFCM) weekend are set to reach a new record, surpassing $75 billion in sales this year, according to …
By Reuters Published Jul 26, 2024 Birkin-bag maker Hermes reported a 13% rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags, even …
By Reuters Published Jul 23, 2024 Europe’s top asset manager Amundi and other LVMH investors want the $370 billion luxury behemoth controlled by billionaire Bernard Arnault to take more aggressive …
By Bloomberg Published Jun 26, 2024 Cashmere ponchos, lambskin bras and $1,000 Air Jordans. A 1,000-square meter retail homage to Michael Jordan in Beijing’s trendiest neighborhood. Affiliations with China’s domestic …
By Reuters Published Jun 18, 2024 China’s richest people are avoiding flaunting their wealth in favour of more discreet fashion, according to a report published on Tuesday by Bain consultancy …
Prosecutors in Milan are investigating the supply chain of around a dozen more fashion brands, a person with knowledge of the matter said, after a unit of France’s LVMH in …
By Reuters API Published May 6, 2024 Italy’s HModa, which groups Italian luxury clothing and leather goods manufacturers, is exploring strategic options for the company as it anticipates a sector …