Jean-Marc Lieberherr, Managing Director of Rio Tinto Diamonds, introduces the firm's extremely rare red and pink diamonds, which will be featured at its exclusive annual sale in Hong Kong.» Read More
Luxury retail companies have been beaten down heavily due to the financial crisis, but they’re slowly starting to make a comeback as consumers start to open their wallets again, said David Schick, luxury retail analyst at Stifel Nicolaus, and Scott Krugman, vice president at National Retail Federation.
At this point, stock index futures are pointing to modest gains at the open on Friday, as most markets in both Asia and Europe rose, with investors awaiting more macroeconomic data for clearer near-term market direction.
Italy has blocked the nearly euro13-million ($18-million) sale of two luxury yachts believed to have been bound for the impoverished nation of North Korea in violation of international sanctions, authorities said Thursday.
Brunswick has rallied 15 percent in three days, causing one big investor to bet that the debt-laden speedboat maker may have run too far.
Warren Buffett's big jewelry retailer in Omaha is feeling the recession's sting. In another sign that even 'luxury' stores backed by billionaires aren't immune to the economic downturn, Borsheim's has laid off 13 employees.
Recessions make high-end marketers creatively desperate.
Since refusing to let Donald Trump buy his house, inconveniently located in the middle of Mr. Trump’s planned $1.5 billion development in the countryside here, Michael Forbes has had an unusual number of visits from local enforcement officers.
As the global economic slowdown digs its heels in and consumers tighten their belts and fret about jobs, the Alternative Arts organization hosted its annual Alternative Fashion Week in Spitalfields market, London, a platform for young, new designers.
Shoppers may be thinking about spring, but some retailers are reluctantly setting their sights on Christmas.
A series of factors have emerged which have persuaded Michael Browne, portfolio manager at Sofaer Global Research, to become a bull after two years of bearishness, as the recent selloff is a "nice opportunity" to be investing in value stocks.
The current global slowdown is hitting those in every economic category, as even the very wealthy rein in spending.
Over 50 world-renowned fashion designers came together for the first time ever in New York and showcased real-size, Barbie-inspired looks. Check out the photos!
It's a city where perception is reality and image is everything. But Hollywood is having trouble keeping up appearances in the midst of the nation's economic downturn, even during its splashiest, most self-celebratory time: awards season.
The trustee overseeing the liquidation of Mr. Madoff’s brokerage firm has asked a federal bankruptcy judge to allow him to cancel leases on six luxury vehicles that the firm had rented, the New York Times reports.
Here’s a sampling of the special cocktails being served at the inaugural celebrations, along with their recipes.
A large put trade has been made in Tiffany as its shares have fallen ahead of its holiday sales report Wednesday. One trader this morning bought 10,000 of the January 20 puts...
The luxury sector is usually resilient during economic downturns but this one is so severe, it’s taken luxe retailers — and their stocks — with it. So, does that mean it’s time to add a few baubles to your portfolio?
With even the rich feeling financially pinched, businesses are quietly offering discounts on everything from spa services to private jets.
Home foreclosures are up, the market is down, unemployment is high, and consumer spending is flat. These days, nobody wants to buy a five-figure handbag—or do they? Portfolio.com reports.
The billion dollar business that is Fashion Week kicks off with its presentation of Spring 2009 lines. Check out the highlights!