Burberry Warns Luxury Slump Puts Revenue Target Under Threat
Burberry Group Plc warned this year’s revenue target may be out of reach after the UK trench-coat maker’s
2023-11-16 15:56
US Makes Biggest Seizure of Knock-Off Luxury Items at $1 Billion
Federal prosecutors said they made the biggest-ever US seizure of fake designer handbags, shoes and other items —
2023-11-16 08:28
Rich Chinese Shoppers’ Appetite Slows as Confidence Falters
Global luxury retailers counting on wealthy Chinese shoppers to raise their sales might be dismayed by recent reports
2023-11-15 12:18
No big boost expected in luxury spending during holiday season - Bain
PARIS Global sales of luxury goods will likely not grow significantly in the fourth quarter, with tourist flows
2023-11-14 19:27
De Beers Will Stockpile Unsold Diamonds After Prices Tumble
De Beers plans to stockpile unsold diamonds after the world’s biggest producer responded to plunging prices by allowing
2023-11-13 21:48
Chinese Tourists Are Returning to London, But Spending Far Less
Chinese tourists are returning to London after restrictions on travel were lifted, but they’re spending dramatically less than
2023-11-13 08:20
The Diamond World Takes Radical Steps to Stop a Pricing Plunge
When the world’s most important diamond buyers arrived at De Beers’ offices in Botswana late last month, they
2023-11-11 21:22
Soho House Revenue Falls Short Despite 21% Membership Growth
Soho House & Co. Inc. reported third quarter revenue that fell short of analyst expectations, even as membership
2023-11-11 01:55
Spirits and Luxury Stocks Fall as Pricing Power Starts to Fade
Shoppers are rebelling against higher prices for everything from Piaget watches to Don Julio tequila, wiping off $45
2023-11-10 23:51
Apple supplier Luxshare to invest $330 million more in northern Vietnam
HANOI Apple supplier Luxshare Precision Industry Co has been awarded a license to invest an additional $330 million
2023-11-10 11:45
Picasso Sells for $139 Million, Artist’s Second Highest in History
A 1932 painting by Pablo Picasso, Femme à la montre, sold for $139.3 million on Wednesday night at
2023-11-09 08:28
EBay Projects Holiday Revenue That Falls Short of Estimates
EBay Inc. issued a bleak revenue outlook for the busy holiday quarter, suggesting the company continues to struggle
2023-11-08 05:54