Aga Khan emerald fetches record $9 mn in Geneva auction
By AFP Published November 12, 2024 A rare square 37-carat emerald owned by the Aga Khan fetched nearly nine million dollars at auction in Geneva on Tuesday, making it the …
Van Cleef & Arpels
Mazarin debuts in Galeries Lafayette, explains brand strategy
Published November 11, 2024 Mazarin, the environmentally advanced French jewelry marque, has opened its first physical store, a pop-up inside Galeries Lafayette. FashionNetwork.com discussed strategy with founders Louise de Rothschild …
Richemont sees ups and downs in H1 but US market, Alaïa and Peter Millar are strong
Published November 8, 2024 Luxury giant Richemont talked of “sustained resilience” in the six months to the end of September on Friday, but that couldn’t disguise the fact that the …
How luxury labels use pop-up stores to epitomise prestige, revitalise sales
Translated by Nicola Mira Published October 21, 2024 Following the pandemic, luxury labels have opened a huge number of pop-up stores, especially focusing on beach clubs, hotels and seaside resorts …
Luxury stocks are heading to the clearance bin
By Bloomberg Published September 24, 2024 The best luxury brands rarely go on sale. Not so their share prices. Valuations across the sector have tumbled on a deteriorating Chinese economy and …
Hong Kong mall K11 Musea to welcome Prada as several luxury brands double retail footprint
Published September 21, 2024 New World Development-owned mall K11 Musea announced it will double the footprint of seven luxury brands to over 30,000 square feet, ahead of the opening of …
Richemont’s Rupert says luxury watchmakers must cut production
By Bloomberg Published September 11, 2024 The head of Richemont, the owner of Cartier and Vacheron Constantin, said the luxury watch industry must reduce production after a downturn in demand …
China’s gray market Is dominating luxury brands’ online sales
By Bloomberg Published Sep 3, 2024 China’s gray market — where brand new, authentic products are sold at steep discounts — is increasingly dwarfing some global luxury giants’ official sales …
Li Ka-shing’s luxury mall sits empty as Chinese spending plunges
By Bloomberg Published Sep 3, 2024 In Hong Kong’s Tsim Sha Tsui district, the mock-classical 1881 Heritage mall used to lure queues of mainland Chinese tourists eager to shop at …
Big luxury frets that China is turning Japanese
By Bloomberg Published Jul 29, 2024 Even LVMH Moet Hennessy Louis Vuitton SE, the world’s most resilient luxury conglomerate, is feeling the chill. And as so often, the wind is …