With jackets starting at a jaw-dropping $6,000 (about £4,500) and suits at $7,000 (close to £5,500), and accessories like crocodile leather boots fetching $11,500 (around …
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Luxury
European Luxury Shares’ $240 Billion Rout Is Just the Beginning
After enduring almost a quarter-trillion dollar hit to their market value in recent months, Europe’s luxury firms may see their stock-market clout wane further as …
Swiss Watchmakers Seek State Aid Amid Luxury Downturn
Swiss luxury watchmakers are turning to the government for financial aid to help them weather a downturn in demand. Girard-Perregaux and Ulysse Nardin have become …
Who Wears Berluti? A-List Celebrities Donning Luxury Menswear
Berluti’s clientele reads like a who’s who of the entertainment industry, politics, and high society. Founded in 1895 by Alessandro Berluti, the brand’s appeal goes …
Who Wears Kiton? Celebrities and Icons Sporting the Luxury Italian Brand
Kiton, the Neapolitan house of haute couture has for decades clothed the world’s elite in garments that whisper wealth and shout sophistication. But who, precisely, …
Top 50 Luxury Brands Ultra High-Net-Worth People Keep Secret
Instead of pseudo-luxury brands spewing trendy clothes with flashy logos every week, ultra-high-net-worth individuals wear different kinds of luxury brands – rare heritage, expert craftsmanship, …
Celebrities Wearing Brunello Cucinelli – Elite Men’s Silent Luxury Secret
Brunello Cucinelli, an esteemed Italian fashion house with expert craftsmanship and old-money heritage is the home of silent luxury fashion for men. In this article, we’ll …
Lanvin Group Posts 20% Drop in Sales Amid Luxury Slowdown
Lanvin Group’s revenue decreased 20 percent year over year to €171 million ($191 million) in the first half of 2024. The company, like many operators …
What Luxury ‘Dupe’ Brands Get Right About Shoppers
This past February, the world of surprisingly affordable cashmere was rocked by a scandal. In a series of TikTok posts, cashmere label Naadam blasted rival …
US Luxury Spending Down 11% in July, Says Citi
US consumers spent 11 percent less on luxury goods in July compared to the same month last year, Citi Research said Friday citing data from …
Nivea Maker Beiersdorf’s Sales Grow Despite China’s Luxury Slowdown
“Our icon Nivea led the way with a double-digit sales increase combined with growth across all key regions and categories. These positive results more than …
How Japan Is Creating a New Headache for European Luxury Brands
Tourists are flocking to Japan to scoop up high-end clothes and handbags at a discount thanks to the weak yen currency. Luxury goods companies like …
Hugo Boss May Push Back 2025 Targets as Luxury Sector Falters
Hugo Boss may push back key sales and profit targets beyond 2025 when it reports its second-quarter results on Thursday, as investors watch for updates …
Luxury Heir Alleges His $13 Billion Hermès Fortune Has Vanished
An octogenarian heir to the Hermès luxury fortune, who sparked controversy last year over a plan to leave his money to his gardener, may not …
Miu Miu Revenues Double In First Half, Bucking Luxury Slowdown
Prada’s red-hot Miu Miu label continues to buck slowing demand for luxury goods, with retail sales nearly doubling in the first half, the company reported …
Op-Ed | Big Luxury Frets That China Is Turning Japanese
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 blowing …
Are Luxury Brands Still Worth It?
This week, luxury fashion’s biggest players reported falling revenues for a second consecutive quarter, underscoring just how far demand for luxury mega-brands has fallen from …
Hermès Q2 Sales Rise 13% on Continued Appetite for High-End Luxury
Birkin-bag maker Hermès reported a 13 percent rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags, even …
Italian Luxury Group Zegna Posts Flat Organic Revenue
Italian fashion group Ermenegildo Zegna reported broadly flat second quarter organic revenue on Thursday as sales in the United States, Europe and Middle East helped offset …
LVMH Revenue Slip Signals Continued Gloom for Luxury
LVMH’s revenue slipped for the second consecutive quarter amid a market slowdown for luxury goods that even the sector’s leading conglomerate is struggling to shake …