July 30- Diamond rings on display at Nordstrom's flagship Seattle store are not for sale. It is the first time the company has turned to brick and mortar in its 15- year history, showcasing products in two Nordstrom stores.» Read More
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.
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.
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.
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, 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.
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.
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.
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, 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 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.
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?
Luxury goods manufacturer Prada on Monday reported first-half revenues up 23%, powered by its Miu Miu brand which surged in Asia.
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.
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.
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.
The 2008 BMW 5 Series was the worst performer in new side-impact crash tests of luxury sedans by the insurance industry.
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 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.