Erwan Rambourg, Head of Consumer and Retail at HSBC Global Research, talks luxury stock picks in the growing Chinese consumer market.» Read More
CNBC's Robert Frank gets behind the wheel of Rolls-Royce's new Phantom. (2:52)
SAN FRANCISCO, March 8- Luxury department store operator Neiman Marcus is shutting its eBay Inc store, a setback for the e-commerce company, which has been trying to lure large retailers to its online marketplace.
The "Ferrari Index" is an index of the 25 most sought after collectible or vintage Ferraris. CNBC's Robert Frank reports the index is up 70 percent.
The "Ferrari Index" is up 70 percent over the past three years. CNBC's Robert Frank reports the average price for collectible Ferraris is now topping $2.6 million.
CNBC's Robert Frank reports there could be a bubble forming in the Ferrari market with prices already hitting $10 million for just one car. (1:41)
*Hyundai growing market share in Europe. GENEVA, March 6- South Korean carmaker Hyundai plans to double its advertising spending in Europe in a bid to build on market share gains at a time when struggling rivals are becoming more aggressive in cutting prices.
Auto sales in the U.S. are at the highest levels since 2007 and it's the ultra-luxury brands likes Rolls Royce, Ferrari, Bentley, and Lamborghini that are seeing the biggest demand, reports CNBC's Phil LeBeau, live outside CNBC headquarters. (4:31)
The city of Malibu plans to license their brand of apparel, beauty products and other goods, to raise money, reports CNBC's Jane Wells.
Kwon Ping Ho, Chairman at luxury hotel company Banyan Tree Holdings, says demand for its big-ticket projects is helped by the "wealth effect" in Asia.
Following an unconfirmed report that upscale retailer Coach is exploring a sale of itself, the company's shares rose in early trade.
Sales of high-end jewelry, watches and handbags have been slowing lately, some five years after the world's luxury goods makers embraced wealthy Chinese. CaiXin Online reports.
Greg Furman, founder and chairman of The Luxury Marketing Council, tells CNBC why companies in the luxury sector continue to see double digit growth despite the economic climate.
Wealthy Chinese are buying more luxury goods — just not at home. Here's where they're spending their money.
Designer Karl Lagerfeld says he doesn't pay too much attention to the impact of the crisis on fashion.
Ramon Vega, founder of Vega Swiss Asset Management, tells CNBC that the luxury market has to come back to fundamentals of quality over quantity.
Analysts discuss where consumers are spending their money, as delayed tax returns and a rising payroll tax have some shoppers pulling back on their spending.
Angela Ahrendts, CEO of Burberry, tells CNBC at London Fashion Week that growth in south-east Asia is 'absolutely terrific', adding we'll be talking about the Asian region for years to come.
Tiffany has filed a lawsuit in the U.S. District Court against Costco, reports CNBC's Courtney Reagan. The luxury retailer is claiming trademark infringement.
Tiffany sued Costco Wholesale to stop the largest U.S. warehouse club chain from selling what it called counterfeit diamond engagement rings bearing the luxury retailer's name.
Ray Clacher, managing and creative director at Gieves and Hawkes, tells CNBC why the market for men's luxury clothing has experienced such a boom over the past five years.