PARIS— Global cosmetics leader L'Oreal says its 2015 profit grew 8.5 percent in the first half, driven by improvement among higher-end makeup and perfume lines including Giorgio Armani, Yves Saint Laurent and Kiehl's. The French company said in its first-half earnings report released Thursday that total profit amounted to 1.88 billion euros, up from 1.73...» Read More
Living it up in Switzerland has become even more pricey, a new report shows, despite falls in prices for imported goods such as cigars and champagne which have become more affordable thanks to the rise in the Swiss franc.
As regular readers know, we follow shares of Tiffany & Co very closely—perhaps obsessively—at NetNet.
Instant shopping site Moda Operandi offers consumers the chance to preorder next season’s clothes days or even hours after they’ve appeared on runways. That’s long before the spring and summer looks that debuted over the past eight days of Mercedes-Benz Fashion Week in New York hit the stores. That is, if some of the more fantastic or theatrical pieces even make it there at all.
Youth is no longer driving fashion, and younger lines are wisely "aging," said fashion trend forecaster David Wolfe. And this is having an effect on the clothes designers are creating.
Diamonds have emerged as a haven investment alongside favorites gold and the Swiss franc, with surging demand from Asian buyers driving prices of the precious stones. The FT reports.
$1 million isn’t what it used to be, in part because a lot of people don’t know how far it can go, and the amount of time and effort that it would take to spend it.
So what are some of the cars with prices exceeding $1 million? Click to find out.
Shares of Tiffany & Co. have been clobbered this week. As of this morning, they’re off by more than 9 percent over the past 5 days on considerable volume.
British luxury carmaker Rolls-Royce Motor Cars expects sales from Asia to account for 40% of its total by year-end. In an interview at his headquarters in Goodwood, England, CEO Torsten Müller-Ötvös discusses his roadmap for the Asian region with Managing Asia.
Luxury retailer Prada’s shares have rallied 17 percent since the company’s initial public offering (IPO) in Hong Kong just over a month ago, outperforming the Hang Seng Index. The stock now trades at a valuation of about 26.5 times current earnings, a significant premium over the industry average of 20 times earnings.
Andrew Block, COO of renowned Jacob & Co. Jewelers, brought it for me. Notice that I say “brought” it, not bought it. I wish I could say it was a gift (perhaps for Bastille Day? or a Happy Monday?) but, alas, it seems diamonds are not this girl’s best friend.
Attempting to offset dwindling growth in America, Gap executed a grand opening in China last year. However, a year on it has failed to grab much of the 16 percent retail sales growth in the country.
Italian fashion house Prada posted small gains on its trading debut in Hong Kong on Friday, and one analyst says he wouldn’t buy its shares right now because the retailer simply doesn’t have the same level of recognition in China as other luxury brands.
The rising labor costs for companies that supply Chinese goods to the West may result in higher consumer prices. The NYT reports.
Burberry is embarking on an aggressive store expansion plan after announcing pre-tax profit rose almost 40 percent to 296 million pounds ($482 million) in the year to April.
Like other parts of the travel industry, eco-tourism was hammered by the global recession but is on the comeback trail, as operators expand beyond its traditional high-end core.
Commentators are worried how inflation and higher raw costs might affect retailers, but Cramer thinks those fears are overblown.
Cramer thinks it could be, but to be sure, he spoke with the company's CEO.
A new poll reveals 68 percent of Manchester women would never hit the nightlife in heels less than three inches high, while 70 percent of women in Bristol confessed they had gone commando at least once in their lifetime. But Cardiff's women are the 'tartiest' of them all.
Cramer explains why some growth stories are better than others.