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Tiffany said that worldwide sales would rise 6 percent to 8 percent this fiscal year, with growth in all regions, and the upscale jeweler reported a slightly higher profit for the holiday quarter.
2013’s surge in merger and acquisition-related activity is heading for Europe, according to strategists who say the continent has the same essential ingredients in place for a revival in deals as the U.S.
Louis Vuitton, the world's biggest luxury brand in terms of sales, is planning to dampen its expansion worldwide and focus on high-end products to preserve its exclusive image, said Bernard Arnault, chief executive of parent LVMH.
The latest earnings from luxury goods group Richemont could signal a wider trend of changing consumer trends in Asia, though economic growth should help buoy the luxury goods market, experts told CNBC.
Let's hear it for the boys. China's fashion-forward men are snapping up Gucci and Burberry bags, driving a rebound in the luxury market months after a slow down in spending by the world's biggest luxury goods buyers spooked global investors.
Technology stocks fell to push European shares lower and send Germany's benchmark DAX index to a 2013 low on Tuesday.
Stocks are so far looking past the brewing congressional debt ceiling drama but that could change quickly if it becomes very contentious.
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 wealthy will pay more taxes but spend more, too.
Nov 2- Clothing company Ralph Lauren Corp reported higher-than-expected quarterly earnings on Friday as revenue held up despite growing anxiety about luxury sales. Without the impact of store closings in China and the discontinuation of Ralph Lauren's low-priced American Living brand, revenue would have risen 3 percent, the company said.
*Profit excluding items 79 cents/ share vs Street view 77 cents. Shares of New York- based Estee Lauder fell 2.6 percent to $60 in premarket trading. Revenue in the fiscal first quarter rose 2.9 percent to $2.55 billion, dragged down by disappointing sales in Europe that included decreases in key markets like Russia and France.
LONDON, Oct 12- Bosideng International Holdings, China's largest maker and distributor of down clothing, is eyeing store openings in Milan and New York if its first overseas venture in London proves a hit with the British capital's shoppers.
Oct 12- Burberry Group PLC:. *Morgan Stanley raises Burberry price target to 1,240 p from 1,190 p;. Reuters Station users, click. 1580.
Shares in British luxury clothing manufacturer Burberry gain 7.9 percent as a revenue update beat battered market expectations after a profit warning last month, triggering a recommendation upgrade by Seymour Pierce.
*FTSE 100 up 0.2 pct, off an earlier one-week low. LONDON, Oct 11- Britain's FTSE 100 share index edged up from one-week lows on Thursday, with concerns about the euro zone crisis offset by signs of slightly better trading at luxury fashion house Burberry.
*Seymour Pierce raises Burberry Group PLC to buy from hold. *Seymour Pierce raises JD Sports to buy from hold; raises price target. *Seymour Pierce raises WH Smith price target to 720 p from 680 p;.
LONDON, Oct 11- Burberry Group PLC:. *Fragrance and beauty to be directly operated. *Fragrance and beauty will be run as Burberry's fifth product division.
*Burberry to announce taking perfume business in-house* To be able to integrate perfume sales in its accounts By Astrid Wendlandt PARIS, Oct 10- British luxury brand Burberry is expected to announce in its trading update on Thursday that it is bringing its perfume business in-house after its contract with Interparfums ends on Dec. 31, industry sources close to the matter said.
PARIS, Oct 10- British luxury brand Burberry. is expected to announce in its trading update on Thursday that it is bringing its perfume business in-house after its contract with Interparfums ends on Dec.31, industry sources close to the matter said.
Luxury sales in China may slow, as the handbag bingers cut back and China's millionaires become over-extended.