Hong Kong's Causeway Bay may lose its crown as a slowdown in mainland tourists hits store sales, paving the way for its first drop in a decade.» Read More
Some of the names on the move ahead of the open.
European shares closed lower on Monday as the partial government shutdown in the U.S. continued, and as investors worried that the impasse could lead to the country defaulting on its debt.
Hot on the patent heels of New York Fashion Week, London kicked off its own spring/summer wear showcase on Friday. Click ahead for some early highlights from London Fashion Week Spring/Summer 2014.
China's crackdown on luxury goods has hit the world's luxury goods industry but Burberry remains confident of the potential of emerging markets.
The Devil, it seems, wears anything but Prada in the eyes of Chinese bloggers determined to expose corrupt officials flashing labels way past their pay grades.
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.
British luxury group Burberry posted a 14 percent rise in full-year pretax profit and said profit for the first half of its new fiscal year would be below last year's as it reduces its wholesale business in favor of retail markets.
Earnings season kicks into high gear in the week ahead. Plus, at least 10 Fed speeches. How risk-averse are investors? Oh, this is going to put them to the test. Rest up.
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.