Local liquors like cachaça in Brazil, baijiu in China and Indian whiskey are under attack as the emerging middle class develops a premium taste.
European equities closed higher on Wednesday as investors bet on an imminent deal in Washington to avert a U.S. debt default.
There's a lesson for companies in Apple's hire of Burberry CEO Angela Ahrendts: Your outfit may not really match its true image with the public.
Champagne's long association with luxury gives it premium pricing, but it may also be taking the fizz out of sales.
European shares closed down on Wednesday, as the U.S. government shutdown continued and jobs data came in weak.
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.
Teens are shopping, but their back-to-school wish lists have changed. Many are mixing designer handbags and fast fashion, making it tough on traditional teen retailers.
In a few remote corners of China, two of France's top winemakers have more on their minds than a trade row with their most promising export market.
"Abenomics" hinges on a pick-up in consumer spending, but eight months after its launch, it has yet to convince many Japanese to part with their thrifty ways.
Most of the contenders that could afford to compete are funded by a single source—a billionaire. Staging the event itself is estimated to cost as much as $100 million.
A battle between French luxury-handbag makers went public with regulators seeking the maximum fine for the Louis Vuitton owner for failing to disclose moves to build a stake in Hermes.
How one ex-pat returned to the U.S. with a new-found appreciation for Argentine gelato, a passion that propelled the entrepreneur on a quest to conquer the ice cream market.
French luxury goods maker Hermes posted first-quarter sales ahead of forecasts, driven by strong demand for its silks, accessories and ready-to-wear.
Something lavish, something diamond, something Hollywood and many things new. Such is the refrain of today's outrageous weddings, where glitz reigns supreme.
European shares closed off their session lows on Tuesday, as U.S. earnings season kicked into high gear following a slew of upbeat earnings reports from heavyweights Goldman Sachs, Coca-Cola, and Johnson & Johnson. U.S. shares were boosted by the news and the pan-European FTSEurofirst 300 Index closed provisionally down.
Bernard Arnault, France's richest man, has abandoned attempts to obtain Belgian nationality and will keep paying tax in his native country.
At the seven-story retail temple that is Louis Vuitton's flagship store in Paris, there are signs of a slowdown in spending by Asian tourists - the recent driving force in a European luxury market defying recession.
South Korean carmaker Hyundai Motor hopes a touch of Hermes will make its priciest sedan as desirable as the French retailer's exclusive handbags and catapult its cachet into the same league as luxury rivals.
Guessing the number of billionaires in the world (or even in a single country) is just that -- a guessing game. But it's a highly profitable and increasingly popular one.
After Hermes saris, Louis Vuitton bags and Porsche cars, it is now demand for Washington apples, New Zealand kiwis, and China pears that is adding a new sheen to India's booming consumption story.