Jeweller Harry Winston bought the largest ever diamond to be sold at auction. The gem fetched a record 26.7 million dollars.» Read More
Home prices in the multi-million dollar market are up 13% year-over-year and inventories are down 9%, reports CNBC's Robert Frank.
As Asia cools and Europe’s middling wealthy hunker down, the super-rich are expected to be the prime movers in the market for luxury goods.
Flash-sale websites such as Gilt Groupe and Ru La La were hailed as disruptors in the ecommerce space, but recently there’s been a bit of a disruption in their success story, prompting some to wonder if flash-sale sites are more of a marketing gimmick than a sustainable business model.
The FMHR traders weigh in on the options play on Facebook, and the luxury trades on Lululemon, Tiffany, and Ralph Lauren stock.
Shares of Goldman Sachs are down 2%, and it is one of the underwriters for Facebook. The FMHR traders discuss their plays on banks right now. CNBC contributor Robert Frank, also offers insight on Tiffany since the stock is down on weak guidance.
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As the high-end Chinese consumer becomes more discerning in a slowing luxury goods market, analysts say Hong Kong-listed Italian fashion house Prada can face up to the challenge given its attractive product mix and store expansion plans, forecasting huge gains for the company’s stock over the next 12 months.
Erwan Rambourg, Head of Consumer and Retail, HSBC explains why he sees upside in stocks of Prada and Coach.
High-end retail is doing well, but high net worth customers are not feeling all that bullish about the economy. Tom Melcher, Hawthorn CIO, offers insight.
Ralph Lauren is getting a pop on solid earnings and guidance, with Adrianne Shapira, Goldman Sachs senior analyst.
Ravi Thakran, Group President, South Asia, Southeast Asia, & Middle East, LVMH says outside of China, consumers in India and Indonesia are driving strong demand for luxury goods in Asia.
This year at the Walpole China Luxury Conference in London there were actually bears in the room. Many expressed concern that if European consumer spending slowed, spending from China will not be enough to offset the weakness.
Macy's reported Q1 profits at $0.43 per share versus a $0.40 estimate, but guidance is below Wall Street forecasts. Charles Grom, Deutsche Bank senior analyst and Liz Dunn, Macquarie Group analyst, share perspective.
Since Fossil's disappointing revenue report and decrease in yearly guidance, could the European debt crisis derail the luxury rally? CNBC's Courtney Reagan explains.
The FMHR traders discuss the state of the U.S. homebuilders industry, with Mike Murphy, Rosecliff Capital. CNBC's Kate Kelly also reports on Southwest Airlines' latest fuel strategy.
According to digital performance company iProspect, there are 19 million affluent men online, and the vast majority of them are shopping. Nearly half of these wealthy men spend more than $4,000 a year online.
The open-cockpit Lola SP/300R, capable of a top speed of 180 miles per hour, is specifically designed for the nonprofessional road racer — one who has $125,000 to spend on weekend fun.
CNBC's Phil LeBeau reports on the demand for luxury automobiles at the Beijing Auto Show, saying Audi dominated with more than 300,000 in annual sales for 2011.
Maserati dealers in Italy are reporting a 80 percent drop in the first quarter compared to the same period last year, according to a Reuters report, due to a crackdown by the Italian government’s T-men—the Guardia di Finanza, or tax police.
With Coach shares hovering around an all-time high, it seems investors have put any worries about China on the back burner for now. But investors will be looking for the next leg of growth when Coach reports earnings Tuesday. Is the men's business the answer?