Feb 11- Fashion accessory maker and retailer Fossil Group Inc reported better-than-expected quarterly results as it sold more watches and jewelry in North America, its largest market. Fossil sells watches ranging from $7 to upwards of $2000, under brands such as Armani Exchange, Marc by Marc Jacobs and Michael Kors.» Read More
At a time when consumers are supposed to be tightening their belts, why has the luxury sector remained so resilient? CNBC explores this question in a debate with the CEOs of Rolls-Royce, Burberry, De Beers and Quintessentially.
Investment theory is over complicated and often wrong, escalating financial crises like the one in 2008 and currently within the euro zone, Saker Nusseibeh, CIO at Hermes and Chairman of The 300 Club told CNBC.
Living it up in Switzerland has become even more pricey, a new report shows, despite falls in prices for imported goods such as cigars and champagne which have become more affordable thanks to the rise in the Swiss franc.
Ian Neale, CEO of Quintessentially Travel Group and Stephen Lussier, CEO of De Beers, Forevermark, discussed on CNBC how global economic events are impacting high-end fashion and other luxury sectors.
As regular readers know, we follow shares of Tiffany & Co very closely—perhaps obsessively—at NetNet.
Instant shopping site Moda Operandi offers consumers the chance to preorder next season’s clothes days or even hours after they’ve appeared on runways. That’s long before the spring and summer looks that debuted over the past eight days of Mercedes-Benz Fashion Week in New York hit the stores. That is, if some of the more fantastic or theatrical pieces even make it there at all.
Youth is no longer driving fashion, and younger lines are wisely "aging," said fashion trend forecaster David Wolfe. And this is having an effect on the clothes designers are creating.
Diamonds have emerged as a haven investment alongside favorites gold and the Swiss franc, with surging demand from Asian buyers driving prices of the precious stones. The FT reports.
$1 million isn’t what it used to be, in part because a lot of people don’t know how far it can go, and the amount of time and effort that it would take to spend it.
So what are some of the cars with prices exceeding $1 million? Click to find out.
Shares of Tiffany & Co. have been clobbered this week. As of this morning, they’re off by more than 9 percent over the past 5 days on considerable volume.
British luxury carmaker Rolls-Royce Motor Cars expects sales from Asia to account for 40% of its total by year-end. In an interview at his headquarters in Goodwood, England, CEO Torsten Müller-Ötvös discusses his roadmap for the Asian region with Managing Asia.
Luxury retailer Prada’s shares have rallied 17 percent since the company’s initial public offering (IPO) in Hong Kong just over a month ago, outperforming the Hang Seng Index. The stock now trades at a valuation of about 26.5 times current earnings, a significant premium over the industry average of 20 times earnings.
Andrew Block, COO of renowned Jacob & Co. Jewelers, brought it for me. Notice that I say “brought” it, not bought it. I wish I could say it was a gift (perhaps for Bastille Day? or a Happy Monday?) but, alas, it seems diamonds are not this girl’s best friend.
Attempting to offset dwindling growth in America, Gap executed a grand opening in China last year. However, a year on it has failed to grab much of the 16 percent retail sales growth in the country.
Italian fashion house Prada posted small gains on its trading debut in Hong Kong on Friday, and one analyst says he wouldn’t buy its shares right now because the retailer simply doesn’t have the same level of recognition in China as other luxury brands.
The US economy may be in a soft spot but consumers in China are still spending money, and luxury retailers are cashing in, reports CNBC's Courtney Reagan.
The rising labor costs for companies that supply Chinese goods to the West may result in higher consumer prices. The NYT reports.
Burberry is embarking on an aggressive store expansion plan after announcing pre-tax profit rose almost 40 percent to 296 million pounds ($482 million) in the year to April.
Like other parts of the travel industry, eco-tourism was hammered by the global recession but is on the comeback trail, as operators expand beyond its traditional high-end core.