Commerce along Rodeo Drive is no longer greased by oil money. Most of Beverly Hills' revenue comes from Chinese tourists.
Moet was named the official New Year's Eve champagne for Times Square. Belinda Chang, Moet & Chandon champagne educator, discusses champagne etiquette and the industry standard amid declining sales.
Want to get rich? Invest in things that rich people buy—including $3,000 ski jackets. Moncler, the Milan-based maker of stylish puffy jackets is about to go public.
Jean-Guillaume Prats, President & CEO of Moet Hennessy Estates & Wines discusses the fine wine investment theme and the firm's venture in India.
A new report from A.T. Kearney finds that just 2 percent of China's population accounts for about a third of all of the world's luxury consumption.
Erwan Rambourg, Head of Consumer and Retail, HSBC Global Research says LVMH is a good investment play as fashion house repositions its brand.
It took a TSA run-in gone wrong for former hedge fund manager Julie Macklowe to join the cosmetics world after leaving the financial industry.
For many brand devotees, wearing a designer's clothing or accessories isn't enough. To outfit these fans, designers debuted cosmetics in time for Fashion Week.
A few names stand to outperform their peers as the back-to-school season approaches, Dana Telsey says.
The growing appeal of luxury goods to men and increased confidence among affluent spenders are boosting sales and encouraging luxury brands to step up their investments in the U.S.
Erwan Rambourg, Head of Consumer and Retail at HSBC tells CNBC's Cash Flow which luxury brands he likes in China.
CNBC's Steve Sedgwick takes you through LVMH which has posted a 12 percent jump in net profit in 2012.
Italian shoemaker Salvatore Ferragamo has raised its stake in distribution companies operating in China as part of a strategy to strengthen its position in Asia.
The Americans are coming. And the Japanese and Europeans. Australia is being invaded by a swathe of foreign retailers, piling pressure on a local industry already battered by weak consumer spending and ruthless internet competition.
Industry heavyweights -- in finance, technology, real estate, media -- weigh in on the one issue, innovation or event they think will change the world in 2013.
Two months after Bernard Arnault’s bid for Belgian citizenship shocked France, another major cultural figure has crossed the border in a quest for lower taxes.
Willem Nabarro, Head of European Equities for Asia, Exane-BNP Paribas tells CNBC there are opportunities in European markets, but warns against investing in companies that are only exposed to the euro zone.
Wendy Tervisani, Thornburg International Value Fund, discusses the fund's holdings in Europe. "It's better to be cautious and wait," she says.