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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 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.
Commentators are worried how inflation and higher raw costs might affect retailers, but Cramer thinks those fears are overblown.
Cramer thinks it could be, but to be sure, he spoke with the company's CEO.
A new poll reveals 68 percent of Manchester women would never hit the nightlife in heels less than three inches high, while 70 percent of women in Bristol confessed they had gone commando at least once in their lifetime. But Cardiff's women are the 'tartiest' of them all.
Cramer explains why some growth stories are better than others.
Mark your calendars. The "Mad Money" host deems these upcoming events noteworthy.
There is one market, far away from Asia, which may surprise in 2011: the USA, according to Frederic de Narp, CEO and President of diamond giant Harry Winston.