Nike, the world's largest sports shoe company, said Chairman and co-founder Phil Knight would step down next year.» Read More
Overall luxury sales in China have risen 20 percent annually since Lehman’s collapse to reach $13 billion last year and that growth has been driven in large part by women under the age of 35.
Analyzing e-commerce and whether the internet retailer will go public or stay private for now, with Kevin Ryan, CEO, Gilt Groupe CEO.
The rising labor costs for companies that supply Chinese goods to the West may result in higher consumer prices. The NYT reports.
European luxury hotels recorded strong growth in 2010 which continued into the first quarter of this year, driven by travelers from outside Europe returning to the region, new research showed.
Upscale British shoemaker and retailer Jimmy Choo was bought by luxury goods group Labelux from TowerBrook Capital Partners LP, the companies said on Sunday.
Continued lofty predictions for luxury growth in China come just in time as Japan most likely wont be a source of growth any time soon and in the US investors can’t help wonder how will high-end retailers pull off an encore of last year?
The booming demand for luxury yachts in Asia’s financial capital Hong Kong, largely fueled by wealthy mainland buyers, is pushing the rental price of marina berths located across the city’s coastline up to record levels.
Rinat Akhmetov, Ukraine’s richest man, has bought the UK’s most expensive flat at the One Hyde Park residential development in London’s Knightsbridge, the FT reports.
Spending by rich Americans on luxury goods is set to grow by $26.6 billion in 2011, with the number of affluent families planning to spend more almost doubling in the past three years, a poll found Friday.
With the boating industry forced to trim costs and woo a more value conscious consumer, there’s a boat for every budget.
China is on the verge of overtaking Japan as the world’s largest consumer of luxury goods, spending $13 billion, or 22 percent of the world total, in 2010.
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.
European pharmaceutical stocks are cheap, offer high dividend yields and current valuations provide a good opportunity for investors to enter the sectors, Ana Armstrong, managing partner and head of portfolio strategy at Armstrong Investment Managers told CNBC.
Likely motivated by equal parts love and admiration and morbid curiosity, fashion insiders descended Sunday on a tony Paris townhouse to see what could very well be the last ever collection by John Galliano.
LVMH, the French luxury goods conglomerate, is to take a controlling stake in Bulgari, the Italian jewelry house, in an all-share deal, the Financial Times reported.
Expect to see billowy silhouettes, ethnic prints, '40s and '70s looks, longer hemlines and utilitarian-style outerwear when you shop for clothes this fall. That was the word from merchants ranging from mid-range department store Macy’s to tony Saks Fifth Avenue and online marketplace eBay, summing up the key themes that emerged during Fashion Week earlier this month.
Greater China may represent a significant portion of sales for leading luxury brands Louis Vuitton, Gucci and Bulgari, but Aaron Fischer, regional head of consumer research at CLSA Asia Pacific Markets, believes Hong Kong-listed retailers are better positioned to capture the mainland’s demand for high-end merchandise.
Nordstrom's decision to acquire online retailer HauteLook is just the latest example of the shake-up that is going in the designer goods market. Fashion designers are scrambling to play catch up with their online strategies now that more luxury customers are demanding it.
It's probably the number one auto question I get this time of year. No, it's not about what new models will pop up at the Detroit Auto Show in January.
Luxury yoga-wear manufacturer Lululemon, soaring on a blowout quarter, garnered a “neutral” rating from one analyst and an “outperform” from another on CNBC Thursday. Why?