From China woes to a shift in consumer tastes; the raft of headwinds weighing on luxury means the sector may be forced to embrace a new normal. » Read More
We are in the meat of earnings season for retailers, and there are very clear winners and losers emerging.
European equities ended sharply lower on Wednesday as a yuan-related selloff in Asian stocks weighed on investor sentiment.
After a second day in a row of currency-related turmoil thanks to the Chinese central bank, risk-off was definitely the order of the day.
Big-spending Chinese tourists fear their wings will be clipped if Tuesday's shock yuan devaluation develops into a deeper dent in their spending power.
European equities ended sharply lower on Tuesday, amid the surprising news that China has allowed a "one-time" depreciation of its currency against the U.S. dollar.
The luxury markets worldwide are under pressure again.
Europe ended in positive territory on Tuesday, as investors kept an eye on the slew of earnings and the start of the Federal Reserve meeting, while British insurer RSA surged 20%.
After a week dominated by U.S. quarterly results, it's time for Europe's earnings season to get into full swing, and so far the signs are upbeat.
Retail analyst Stacey Widlitz says there are fresh reasons to worry about the Chinese consumer's appetite for luxury goods.
As if the luxury goods industry was not already fragile, the chairman of Richemont, warned of the damage it faces from growing wealth inequality. The Financial Times reports.
Ku De Ta – the swanky bar perched on the rooftop of Singapore's Marina Bay Sands – is undergoing an extreme makeover, including a name change.
Through international turmoil, retailers are staying the course in expanding their brands overseas.
European stock markets ended sharply higher Wednesday after hints that Greece may have edge closer to finalizing a deal with its euro zone creditors.
European equities closed lower on Monday amid low volumes, with a number of markets shut for the holiday weekend.
Online consignment and thrift store thredUP has compiled a list of brands that earn consumers the most cash when they're resold.
European shares finished mostly lower on Tuesday, amid caution over a ECB meeting this week and the possibility of a blockbuster M&A deal.
French luxury group LVMH posted a 3 percent rise in like-for-like first-quarter sales, following an "excellent start to the year" at Louis Vuitton.
According to a study, when a job applicant wore a luxury label to an interview, respondents considered her a more suitable candidate.
Luxury goods firms have been hesitant to embrace new digital trends, but as the industry faces a slowdown companies must evolve, analysts say.
Prada reported a 28 percent fall in its 2014 net profit, as growing retail sales in the Americas and Japan failed to offset declines in China and Europe.