May 25- Tiffany& Co reported its steepest drop in quarterly sales since the peak of the global financial crisis, as a strong dollar discouraged tourists from buying its high-end jewelry and eroded revenue from markets outside the United States. In the Americas region, Tiffany's sales at stores open more than a year plunged 10 percent in the first quarter. » Read More
Luca Solca, head of luxury goods at Exane BNP Paribas, says the luxury sector has to adjust its cost profile as it faces a new normal in global markets.
A rare pear-shaped, vivid pink diamond will go up for auction in Geneva next month.
The new lingerie trend appealing to younger women could help boost apparel sales.
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Singapore-based Reebonz is betting on luxury consumption picking up despite chilly economic conditions that has personal luxury growth slow down.
MUMBAI, March 19- Indian jewelers called off a 19- day strike late on Saturday after government assured they will not be "harassed" by the excise department in collecting a new tax, the head of a trade body told Reuters. From tomorrow jewelers will open shops, "said Mohit Kamboj, president of India Bullion and Jewellers Association. Successive governments have...
March 18- Upscale jeweler Tiffany& Co reported a better-than-expected profit for the holiday quarter as it raised prices and benefited from lower prices of diamonds, gold and silver. Weakness in the global economy and a strong dollar have hurt Tiffany and other luxury retailers such as Nordstrom Inc, Neiman Marcus Group and Macy's Inc-owned Bloomingdale's as...
Discussing luxury jeweler Tiffany's earnings release with Ike Boruchow, senior research analyst at Wells Fargo Securities, and Brian Tunick, managing director at RBC Capital Markets.
March 18- Upscale jeweler Tiffany& Co said it expected profit to fall in the first half of this fiscal year as a strong dollar hurts tourist spending at its stores in the United States and erodes revenue from other markets. Weakness in the global economy and a strong dollar have discouraged tourists from buying luxury items, hurting companies including Tiffany,...
I think to be fair, the numbers are not great, says Brian Nagel, Oppenheimer & Co., breaking down's Tiffany's quarterly results and weighing in on the state of the luxury retailer. The strength of the U.S. dollar has been a big headwind for Tiffany, says Nagel.
March 18- Upscale jeweler Tiffany& Co said it expected profit to fall in the first half of 2016 as a strong dollar hurts tourist spending at its stores in the United States and erodes revenue from other markets. Weakness in the global economy and a strong dollar have reduced tourist spending on luxury items in the United States. The company's net income declined...
March 18- Tiffany& Co's sales fell 5.6 percent in the holiday quarter as a strong dollar hurt tourist spending at its stores in the United States and ate into revenue from other markets. Its net income fell to $163.2 million, or $1.28 per share, in the quarter ended Jan. 31 from $196.2 million, or $1.51 per share, a year earlier. Revenue fell to $1.21 billion from $1.29...
Temple's father originally bought the ring for $7,210 and is now worth between $25m and $35m.
Mined in South Africa, internally flawless, and weighing ten carats – this diamond is estimated to sell for $30-35 million.
Nicla Di Palma, retail analyst at Brewin Dolphin, addresses the speculation surrounding a mystery investor in luxury brand Burberry.
Craig Leavitt, Kate Spade CEO, discusses his company's latest results and how they are going forward with their push to be a complete lifestyle brand.
MUMBAI, Feb 29- Indian jewelers will go on indefinite strike from Tuesday in protest over the reintroduction after four years of a sales tax on gold jewelry, their trade body said. Finance Minister Arun Jaitley announced an excise duty of 1 percent on gold and diamond jewelry on Monday. We are urging the government to roll back excise duty, " Ketan Shroff, a spokesman...
CEW President, Caroline Neville talks about 2016 CEW Beauty Awards, and what drives the growth and success of beauty businesses.
Chateau de sable's Stephanie Lemaire speaks to CNBC about the business of children fashion in Managing Asia's SME Series.
Kering CEO François-Henri Pinault weighs in on the Chinese luxury consumer and how other markets are performing within the Kering brand.