MUMBAI, May 24- Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in India's Maharashtra state, to hold his daughter's wedding in May. Gold is an essential part of the bride's dowry in India and also a popular gift from family and guests at weddings. "Jewelry demand could drop by 30 percent in the second half due to fewer weddings,"...» Read More
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!
This invitation-only event provides a runway platform for designers' swimwear and resort collections with exposure to national and international media, style setters and fashionistas.
Following are the week's biggest winners and losers, including a couple of well-known household goods companies, a luxury brand and a couple of techs thrown in for good measure.
Despite Tele2's forecast-beating results and Julius Baer's smaller-than-anticipated profit loss, earnings around Europe met analysts' forecasts on Wednesday.
The music doesn't sound so sweet over at high-end audio-visual equipment maker Bang & Olufsen. The Danish company announced a downgrade on profit expectations for the year this morning.
A French court ordered eBay to pay 38.6 million euros ($61 million) to luxury goods group LVMH for allowing the sale of fake merchandise, in a ruling immediately appealed by the online auction website.
UK retailers took a beating Thursday as Home Retail and Carphone Warehouse struck a more pessimistic tone about the prospects of consumer spending.
Switzerland’s leading stock index, the SMI, has fallen more than 21 percent over the last twelve months, but investment opportunities are emerging with certain large-cap well-positioned stocks such as Roche and Swatch, Maximilian Muench, head of Swiss equities research at UBS told CNBC.
Tiffany posted higher-than-expected quarterly profit Friday, boosted by strong sales in Europe, the Asia-Pacific region and to tourists at its Manhattan flagship store, and the U.S. jeweler raised its full-year outlook, pushing its shares up 4 percent.