Consumer Durables and Apparel Textiles Apparel and Luxury Goods

  • Lock & Co. Hatters celebrates 340th year of trade

    Sue Simpson, managing director of heritage brand Lock & Co. Hatters, talks about achieving business resilience through economic downturns.

  • Donna Karan

    LVMH is selling Donna Karan International, the parent of New York label DKNY, to U.S. clothing firm G-III Apparel Group.

  • PARIS, July 25- French luxury group LVMH is selling Donna Karan International, the parent of New York label DKNY, to U.S. clothing firm G-III Apparel Group in a deal valuing the loss-making fashion brand at $650 million. Analysts estimate DKNY's annual sales at $450 million to $500 million, meaning G-III would be paying 1-1.5 times annual revenue, less than the 1.9...

  • Swatch watches are displayed at the launch of the Scuba Libre collection in New York.

    Swatch Group said on Thursday it expected a recovery in the second half of 2016 after net profit plummeted 52 percent in the first half.

  • ZURICH, July 15- Swatch Group, the world's largest watchmaker, warned investors that profit would at least halve in the first six months of the year after sales fell in Hong Kong and Europe, sending its shares sharply lower. Swiss watchmakers are grappling with weak demand as fewer Chinese tourists shop in Hong Kong and Europe where they have been deterred by the...

  • ZURICH, July 15- Swatch Group, the world's largest watchmaker, warned investors that profit would at least halve in the first half of the year after sales fell in Hong Kong and Europe, pushing its shares down almost 12 percent. Swiss watchmakers are grappling with weak demand as fewer Chinese tourists shop in Hong Kong and Europe where they have been deterred by the...

  • LONDON, July 15- European luxury goods firms fell sharply on Friday, with Swatch slumping 13 percent to its lowest in 6-1/ 2 years after the world's biggest watchmaker warned its first-half profit would drop by 50-60 percent. Shares in Swatch touched their lowest level since late 2009 after the company said it expected sales to fall about 12 percent in the first...

  • ZURICH, July 6- Luxury watchmaker Omega will launch its own brand of sunglasses later this year as part of a partnership with Italian eyewear maker Marcolin Group announced on Wednesday, expanding further beyond its core business. In February, Swatch Group announced a five-year partnership with Italian eyewear maker Safilo to launch glasses under its...

  • Hillary Clinton wears $12K Armani jacket for income inequality speech

    The presumptive Democratic presidential nominee addressed inequality in America wearing a pricey jacket.

  • June 1- Michael Kors Holdings Ltd will cut back on selling its handbags and accessories to retailers, mainly in North America, as it looks to protect its' luxury brand' identity in a highly promotional retail environment. "We believe that the North America retail environment remains highly promotional, which is impacting the long-term brand equity of Michael...

  • May 25- Tiffany& Co reported its steepest drop in quarterly sales since the peak of the global financial crisis, as a strong dollar discouraged tourists from buying its high-end jewelry and eroded revenue from markets outside the United States. In the Americas region, Tiffany's sales at stores open more than a year plunged 10 percent in the first quarter.

  • May 25- Tiffany& Co reported its steepest sales drop in six quarters, missing analysts' estimates, as a strong dollar discouraged tourists from buying its high-end jewelry and ate into revenue from markets outside the United States. Shares of the company, whose "Blue Book" collection was flaunted by actress Cate Blanchett on the Oscar red carpet this year, fell 4.5...

  • May 25- Tiffany& Co's quarterly sales fell 7.4 percent, the sixth straight quarter of decline, as a strong dollar discouraged tourists from buying its high-end jewelry and ate into revenue from markets outside the United States. Tiffany's net income fell to $87.5 million, or 69 cents per share, in the quarter ended April 30 from $104.9 million, or 81 cents per share, a...

  • Workers sew clothing at the Esquel Group garment factory at the Vietnam-Singapore Industrial Park in Thuan An, Binh Duong province, Vietnam, in June 2014.

    Marjorie Yang and Dee Poon agree on most things at the Esquel Group, including - importantly - the best way to button a shirt.

  •  Kate & Andy Spade... back in fashion

    Designer Kate Spade, Frances Valentine founder, and Andy Spade, Frances Valentine founder, discuss the launch of their new startup.

  • An Art specialist at Christie's speaks about Frida Kahlo's 'Dos desnudos en el bosque (La Tierra Misma)' on April 29, 2016, in New York.

    A Frida Kahlo painting has sold for just over $8 million at auction, a world auction record for the late Mexican artist.

  • Phil Knight

    He began his career like most ordinary college grads: no money, no clear direction. Then he founded Nike, the athletic-apparel mega-company.

  • Under Armour by the numbers

    Under Armour fan and Morningstar Equity Analyst Paul Swinand sifts through UA's quarterly results and weighs in on the company's outlook as competition heats up in the athleisure space.

  • *Cosmetics market worth over $4 billion- parliament report. DUBAI, April 17- When Dubai businesswoman Negin Fattahi-Dasmal opened the first branch of her luxurious nail salon chain in Iran this year, it was met with both excitement and skepticism among image-conscious young Iranians. Despite-- or perhaps partly because of-- strict Islamic dress codes, cosmetics...

  • Global general malaise in luxury: Pro

    Tom Porcelli, Chief U.S. Economist at RBC Capital Markets, talks about how slowing luxury spending could be sending a warning sign for the rest of the economy.