Rahul Sharma, managing director at Neev Capital, tells CNBC he is positively surprised by Burberry's results and says the market should stop focusing so much on the Chinese luxury consumption and look into emerging markets.» Read More
Luxury sales in China may slow, as the handbag bingers cut back and China's millionaires become over-extended.
The only American designer of Hermes scarves is a postal worker in Waco, Tex.
Many multinational companies simply create a new product or two specifically for the Chinese market. But the Estée Lauder Companies, which already sells 12 of its 28 cosmetics brands in China, is taking that concept further: adding an entirely new brand. The NYT reports.
"In a normal year before 2008 you’d find 20 percent of the £2 million-plus market was ‘City money’," says a London real-estate agent.
British designer and Middleton sister favorite Alice Temperley sees no signs of a slowdown in Chinese demand for her products. This is a special report from CNBC.com.
Burberry's profit warning signals a broader problem for the luxury market: China's slowdown.
Increasingly frequent auctions for high-end handbags have begun to set records. A Hermes Birkin sold last year for $203,150; blue crocodile version at the same auction sold for $113,525.
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TrueCar.com, an automotive information website, conducted a study of the most popular vehicles in the most affluent zip codes. Check out what they found.
The economic slowdown in China and the European debt crisis haven’t dented premium luggage and briefcase maker Tumi’s growth, CEO Jerome Griffith told CNBC’s “Squawk on the Street” after its better-than-expected second-quarter earnings announcement on Tuesday.
Using data from the National Highway Traffic Safety Administration, CNBC.com assembled a list of the most frequently stolen luxury cars in the U.S.
Some like it hot — especially women’s swimwear designers. For the eighth year, thousands of fashion industry pros and onlookers migrated to Miami Beach to check out the latest in "barely there" attire during Mercedes-Benz Fashion Week Swim.
Almost half of France's biggest companies report quarterly earnings between Thursday morning and Friday evening, the first set of numbers since socialist President Francois Hollande took office in May in the midst of en economic crisis.
As the Chinese boom slows Hermes, Remy and other posh names are still going full throttle in Asia.
Michael Schriver, Group President for Stores & Business Development at DFS, is banking on hopes that Chinese consumers will continue to loosen their purse strings for luxury goods.
The hottest trend in fashion of the moment is branded jewelry, as companies that specialize in ‘soft’ luxury goods debut ‘hard’ luxury lines.
A new study shows that 39 percent of luxury shoppers won't pay for premium brands with high ethical standards.
Conflicting reports out of China continue to keep luxury investors wondering if the "immune" part of retail is about to crack.
Aquascutum is the latest British company to find new foreign owners. William Fu, Managing Director, YGM Trading talks about what having a new owner means for the brand, and the changes in production trends worldwide.
Economic growth in China has created a voracious appetite for luxury goods. Now wealthy shoppers there are shunning labels they see as tainted by the common touch.