American Apparel has now named four new board members including a female, reports CNBC's Courtney Reagan.» Read More
Payments startup Stripe and China's Alipay struck a deal to allow Chinese buyers to pay for purchases on the U.S. service.
CNBC's Courtney Reagan reports Lululemon founder and 28 percent stakeholder Chip Wilson is evaluating his strategic options and talking to bankers, and American Apparel founder Dov Charney was ousted and owns 27 percent of the company. CNBC contributor Jan Kniffen, shares his opinions on both stories.
Coach executives failed to impress Wedbush analyst Corinna Freedman with their turnaround strategy.
Upscale retailer Coach Inc said it would close about 70 stores in North America as it struggles against fast-growing rivals.
Lululemon's CEO said a dispute among board members is like "our parents are fighting," adding to the company's challenges.
Patrizio di Marco, Gucci CEO, discusses the performance of the luxury retail market during a China slowdown and an uncertain U.S. economy. He also weighs in on the European consumer.
June 2- A southern California jeweler who made $1.6 million from insider trading on tips from former KPMG LLP senior partner Scott London about that firm's clients was sentenced on Monday to five months in prison, federal prosecutors said. District Judge George Wu in Los Angeles after pleading guilty in May 2013 to one count of conspiracy.
Justin Lahart, WSJ Heard on the Street reporter, weighs in on the sentiment of the luxury retailer and consumers.
More wealthy people in Asia, Africa and the Middle East are choosing 'authentic experiences' over material possessions, a Mastercard survey shows.
Just when you thought the pampered pet craze had gone too far, a luxury company has just come up with a new badge of excess: The pawbag.
May 22- Balenciaga, the Paris fashion house, has sued Steven Madden Ltd, accusing the footwear and accessories maker of trademark violations by copying the styling of its best-known handbag, known as a "motorcycle bag."
Burberry reported a hike in sales and pre-tax profit for the year ending March, in the first set of results since new CEO Christopher Bailey took the helm.
Michele Norsa, CEO of Salvatore Ferragamo, says there has been less traffic from Russians in European stores.
CNBC's Robert Frank reveals where participants of the CNBC Millionaire Survey are from and how they made their money.
The iPhone may lose its luster a few decades from now, LVMH baron Bernard Arnault tells CNBC, but people will still drink Dom Pérignon.
Luxury baron Bernard Arnault, LVMH chairman & CEO, combined a host of luxury brands to build the LVMH conglomerate. Arnault explains how he uses design, production and innovation to build his global empire.
CNBC's Robert Frank reveals where American millionaires are spending their money and what areas they are avoiding.
The Times Square street performer will soon don Fruit of the Loom boxers along with his hat and guitar, as part of a marketing campaign.
A start-up company called Eleven James has launched a timepiece timeshare that allows customers to get a new luxury watch every couple of months for an annual fee.
CNBC's Robert Frank speaks to Randy Brandoff, Eleven James founder, about his business of renting luxury watches.