By Bloomberg Published November 16, 2024 LVMH plans to ramp up manufacturing at its Zenith brand to supply movements for timepieces across the luxury group’s watch division. Bloomberg “We think …
By Bloomberg Published November 10, 2024 After transforming a small leather shop in Milan into a $19 billion luxury empire, Miuccia Prada and Patrizio Bertelli have taken the first steps …
By Bloomberg Published October 25, 2024 Kering SA desperately needs the “Demure Fall” TikTok trend to boost its flagship brand Gucci. The aesthetic — think quiet luxury with a twist …
By Reuters Published October 24, 2024 Birkin bag maker Hermès reported on Thursday a hefty rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China …
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 24, 2024 LVMH sales growth slowed in the second quarter as Chinese shoppers reined in spending on high-end fashion at home, even as demand in Western …
By Reuters Published Jul 20, 2024 Burberry’s new boss Joshua Schulman faces an immediate strategy dilemma. On Monday, the former head of Coach was appointed to replace Jonathan Akeroyd, becoming the fourth CEO …
By Bloomberg Published Jul 16, 2024 Sales of Swiss-made luxury watches are in sharp retreat as nervous consumers reconsider splashing out on expensive timepieces and demand slumps in one of …
By Bloomberg Published Jun 14, 2024 Some luxury labels are discounting their products to an unprecedented degree in China, reflecting a growing panic over unsold inventory as local consumers pull …
By Bloomberg Published May 19, 2024 Just about every chief executive who has run Burberry Group Plc has characterized the maker of the pricey trench coats with checked linings as …