The party is ending for Prada as China's enthusiasm for luxury goods ebbs, says GEO Securities CEO, Francis Lun. » Read More
*Ferrari shares flat in Milan debut. MILAN, Jan 4- Ferrari made a flat debut in Milan on Monday as the luxury sportscar maker completed its divorce from Fiat Chrysler Automobiles, leaving the parent to fight its future alone. FCA's Chief Executive Sergio Marchionne, who is also Ferrari's chairman, said on Monday that other carmakers had approached him proposing a...
*Longest period of decline since 2002. HONG KONG, Jan 4- The value of Hong Kong retail sales fell for a ninth consecutive month in November, the longest period of decline in 13 years, hit by a slide in the number of Chinese tourists coming to the city and by weak consumer spending. Retail sales plunged 7.8 percent from a year earlier, the biggest percentage drop since...
Dec 18- Sellers of Western luxury brands eager to capitalize on the new wealth of Chinese consumers are showering attention on mainland students in the United States, even as sales in China falter. As economic growth in China has slowed and as Beijing's anti-corruption drive cuts into sales of high-end goods there, makers of luxury brands are trying to tap this...
Asian markets climbed on Wednesday, taking cues from a strong finish on Wall Street.
Prada reported a 38 percent fall in quarterly profit on Tuesday, hit by slumping sales in Greater China as the country's economic growth slowed.
HONG KONG/ MILAN, Dec 15- Italian luxury goods maker Prada reported a 38 percent fall in quarterly profit on Tuesday, hit by slumping sales in Greater China as the country's economic growth slowed. Prada posted a 6 percent drop in sales in August-October to 748 million euros. Prada executives told analysts the group would reduce price gaps for its products across...
European markets closed sharply lower on Friday as investor sentiment was curbed by more declines in the oil price.
Ferrari expects its U.S. IPO to be priced in a range of between $48 and $52 per share, which could value the company at up to $9.8 billion.
Asia & luxury once slotted together as well as Cinderella and the glass slipper, but as China’s economic situation deteriorated, is this still true?
Ahead of Thursday's start to the spring fashion shows, here are the best- and worst-performing stocks with ties to the runways.
The recent stock market rout and currency devaluation have dealt a blow to China's luxury market, the New York Times reports.
China's Shanghai Composite index bucked the cautious sentiment across Asia on Monday, surging nearly 5 percent to end at a two-week high.
Asian stocks declined on Monday on the back of concerns over Greece's debt talks and fresh tightening of margin financing in China.
Investors dumped shares of Prada on Monday following an ugly earnings report, which prompted brokerages to slice their price target for the stock.
Despite all the talk about dead malls, there are still those that hear the registers ring. America's top 10 malls, by sales by square feet.
Through international turmoil, retailers are staying the course in expanding their brands overseas.
Asian stocks outside Australia recovered from a lackluster open to rise on Monday as a modestly positive lead from Wall Street offset the impact of sliding oil prices.
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.
European equities closed mixed on Friday, but lower on the week, as investors mulled the growing conflict in Yemen.
Some fashion firms have seen their shares rise by nearly 50 percent in the past year; others have had their stock prices plummet.