Apparel Accessories and Luxury Goods


  • BMW Targets Higher 2008 Profit Despite Headwinds Tuesday, 18 Mar 2008 | 8:41 AM ET

    BMW, the world's largest premium carmaker, forecast higher underlying profit in 2008 asit keeps margins at its core automotive business at least steady despite high raw material costs and a strong euro.

  • Swatch CEO Upbeat on 2008, Despite Gold, Currencies Friday, 14 Mar 2008 | 5:16 AM ET

    Watchmaker Swatch Group gave an upbeat outlook for 2008 on Friday, helped by the Olympic Games, despite headwinds from currency swings and soaring raw material prices.

  • PPR Net Profit Jumps, Expects More Gains in 2008 Wednesday, 27 Feb 2008 | 12:43 PM ET

    French retailer PPR said on Wednesday 2007 net profit rose 34.6 percent, helped by strong results at its luxury and African trading divisions and its acquisition of German sportswear group Puma.

  • Dior Maker LVMH's 2007 Net Profit Rises 8% Wednesday, 6 Feb 2008 | 6:02 AM ET

    LVMH, the world's largest luxury goods group, brushed aside concerns that a U.S. recession could dent its performance but sounded more cautious about 2008 as it unveiled an 8 percent rise in 2007 net profit.

  • Richemont Sales Rise 8%, Miss Forecast Wednesday, 23 Jan 2008 | 4:07 AM ET

    Richemont, the world's second-largest luxury goods group, narrowly missed forecasts on Wednesday with an 8 percent rise in third-quarter sales, and said demand "slowed somewhat" in Japan and the United States in December.

  • Tiffany Cuts Outlook After Holiday Sales Decline Friday, 11 Jan 2008 | 10:44 AM ET
    The Tiffany & Co. store in New York City.

    Jeweler Tiffany cut its fiscal-year earnings outlook Friday as same-store sales fell 2 percent in the United States during the November-December holiday period.

  • Tiffany's Profit Tops Estimates; Raises Forecast Friday, 30 Nov 2007 | 1:52 PM ET

    Jeweler Tiffany reported a sharp increase in third-quarter profit Friday, boosted by a gain from the sale of its Tokyo flagship store, and raised its full-year profit forecast.

  • Gucci Sees Double-Digit 2007 Growth, New Asia Stores Tuesday, 27 Nov 2007 | 9:08 AM ET

    Luxury goods maker Gucci, owned by French retailer PPR sees double-digit growth in 2007 and aims to open more stores in Asia and eastern Europe, the label's chief executive, Mark Lee, said on Tuesday.

  • Burberry Says Sales Rise, But Is Cautious on Weak Yen Tuesday, 16 Oct 2007 | 2:41 AM ET

    Burberry, the British luxury goods company, saw its total revenue rise 19 percent in the first half broadly in line with analyst expectations and helped by a rapid opening of new stores.

  • LVMH Sales Rise 8%, Topping Forecasts Monday, 15 Oct 2007 | 2:32 AM ET

    LVMH Moet Hennessy Louis Vuitton, the world's largest luxury goods group, beat  forecasts with an 8% rise in nine-month sales and confirmed its target of a "significant" increase in full-year results.

  • Angry Trophy Wife Trade Monday, 8 Oct 2007 | 11:13 AM ET

    Wall Street bonuses are expected to drop as much as 40% this year. Will sales at luxury stores including Coach (COH) and Tiffany (TIF) take a hit?

  • Prada Reports 23% Increase in First-Half Revenue Monday, 24 Sep 2007 | 7:52 AM ET

    Luxury goods manufacturer Prada on Monday reported first-half revenues up 23%, powered by its Miu Miu brand which surged in Asia.

  • Volvo Deliveries Dip on Lingering U.S. Woes Monday, 24 Sep 2007 | 3:52 AM ET

    Truck deliveries by world No.2 truckmaker Volvo fell 4% in January through August as gains in Europe and Asia failed to offset lingering weakness in North America, the firm said on Monday.

  • Exclusivity? Try Lamborghini's $1.4 Million Car Thursday, 13 Sep 2007 | 4:05 AM ET
    Stephan Winkelmann, chairman of the brand Lamborghini, unveils the new Lamborghini Reventon, one out of a total of 20 existing.

    In a bid to add more prestige to what it already has, the Italian maker of super luxury sports car unveiled the Reventon at Frankfurt's international autoshow, a very limited editioncar that looks more like an arrow than anything on four wheels.

  • Upscale jeweler Tiffany reported lower second-quarter net profit Thursday on charges related to the pending sale of its Little Switzerland business, despite sales growth in some markets.

  • Permira Buys 85% Stake in Hugo Boss Friday, 24 Aug 2007 | 6:32 AM ET

    Germany Red & Black Lux, a unit of private equity group Permira, said Friday it acquired just more than 85% of the voting rights of Hugo Boss, as it moves to acquire the German fashion company.

  • French wine and spirit makers appear to be clawing their way back into the global market after years of watching foreign taste buds respond to innovative New World wines.

  • BMW Sedan Performs Worst in Crash Test Thursday, 16 Aug 2007 | 4:35 AM ET

    The 2008 BMW 5 Series was the worst performer in new side-impact crash tests of luxury sedans by the insurance industry.

  • Puma Profit Falls in Second-Quarter as Sales Decline Thursday, 9 Aug 2007 | 6:35 AM ET

    Athletic apparel maker Puma said Thursday second-quarter profit slipped as rising sales in Europe were offset by a 15% sales decline in North and South America.

  • Polo Shares Sink on Weak Profit Picture Wednesday, 8 Aug 2007 | 3:09 PM ET

    Polo Ralph Lauren posted a weaker-than-expected quarterly profit Wednesday, hurt by acquisitions-related accounting, and cut its full-year earnings forecast due to a higher tax rate, sending its shares down as much as 13 percent.