Will cheaper fuel cause consumers to spend more in the U.S. retail sector? Oliver Chen, senior analyst at Cowen and Company, says he thinks that luxury brands like Tiffany, rather than lower-end retail, will benefit from the fall in the price of oil.» Read More
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.
BMW, the world's biggest producer of luxury automobiles, said Tuesday that sales rose in July, as well as in the January-July period, on continued demand for its BMW, Mini and Rolls-Royce brands.
Book and newspaper publisher Pearson reported a sharp rise in first-half profits on Monday and raised its full-year sales forecast for its core professional education business to growth of 5-7%.
Hermes International said sales for the first half were 721 mln euros, up 2.9% from 700.5 million a year earlier, as a negative currency impact weighed on growth.
French luxury goods company PPR said Tuesday it owns 62.1% of Puma following an extended offer period for the German sportswear company.
Red & Black Lux, a unit of private equity group Permira, said Thursday it is bidding for the outstanding shares of Hugo Boss in an effort to gain complete control of the German fashion company.
French luxury goods maker PPR will not raise its 330 euros a share ($444.5 a share) offer for German sportswear company Puma.
Waterford Wedgwood, one of Ireland's best-known companies, reported continued losses and sales declines Wednesday in its full-year results, but said more cost-cutting and share offerings could return it to profit.
Remy Cointreau, the maker of Remy Martin cognac and Piper-Heidsieck champagne, said Monday it swung to a loss in the fiscal full year after it incurred a one-time charge related to its leaving a distribution network.
Luxury goods maker Hermes has cut its full year sales guidance to an 8-9% rise from an 8-10% rise due to lower sales in Japan, CEO Patrick Thomas said in an interview with the daily Les Echos. He said the company's fundamentals are still good.
The British government is in contact with Ford Motor over the possible sale of the U.S. carmaker's Jaguar and Land Rover brands.