The iPhone may lose its luster a few decades from now, LVMH baron Bernard Arnault tells CNBC, but people will still drink Dom Pérignon.
Citigroup analyst Oliver Chen said the accessories company's transformation could take multiple years.
Combined a host of luxury brands into the LVMH conglomerate, along the way distilling a magic elixir of design, production, and above all marketing.
European shares closed lower on Thursday, having fluctuated for much of the day.
As more brands flock to the off-price model, one analyst cautions that outlets could be losing a bit of their luster.
A new report suggests that future growth for luxury will come from a new consumer. They're called YUMMY's—Young Urban Males.
In an industry where stars are commonly impulsive spenders, financial planners advise a simple system to save for the future.
Luxury stocks fell after Russia's invasion of Crimea raised the risk that European governments could impose visa restrictions on Russian shoppers.
Shoppers are visiting fewer stores than they did in the past, increasing the importance of building a loyal customer base.
Coach is making its debut at New York Fashion Week, in an effort to woo shoppers back from its more fashion-forward competitors.
Shares of Michael Kors surged Tuesday after it topped analysts' earnings forecasts, but other retailers will struggle to follow suit.
Luxury goods producers are coming under increasing pressure in emerging markets, but while some are worried, others appear more relaxed.
European equities closed lower on Friday as investor sentiment was weakened by euro zone inflation data that missed expectations..
U.S. stock index futures traded higher on Thursday, on what will be the busiest day of fourth quarter earnings season.
The number of luxury goods buyers is set to rise to 500 million by 2030 as wealth grows in Asia, Latin America and Eastern Europe, a study has found.
Economic woes in champagne's home market of France took the fizz out of global sales for the second year in a row in 2013 between 3 and 4 percent.
Experts have begun to see the return of the aspirational shopper, but she doesn't spend as freely as she did before the recession.
Chanel has acquired its long-time lamb hide provider in the latest purchase by a luxury brand of a partner that supplies top quality materials.
The Russian government banned an exhibit by Louis Vuitton for being too over-the-top on Wednesday, the Financial Times Reports.
Joining the ranks of tech stocks Google and Microsoft, Twitter meets Muslim principles and is considered eligible for investment by Islamic funds.