CALAFAT, Romania, Feb 9- O utside a clothing factory in Calafat in southern Romanian early one morning, hundreds of workers crowd around makeshift stalls to stock up on snacks and drinks for their shift. But even inside the European Union- in Romania and Bulgaria particularly- workers can endure poverty-level wages, long hours and arduous conditions to make...» Read More
As China’s economy slows, Hong Kong-based luxury goods distributor Jebsen & Co. is seeing early signs of weaker consumer demand. CNBC’s Christine Tan spoke to Group Managing Director Helmuth Hennig about prospects in China, a country that is expected to surpass Japan as the world’s biggest luxury market this year.
About 14 years ago, I met an entrepreneur who wanted to open up coffee shops around China. I never thought the coffee business would work in the country. The Chinese would not easily give up their tea drinking culture for a bitter, overpriced drink, I told him.
Stephen Sadove, Saks Inc. chairman/CEO, discusses the outlook for luxury retailers in 2012.
High street retailers have had a tough year in 2011, but Burberry is bucking the trend. A global slowdown and Europe’s still-unfolding sovereign debt crisis sets a dark cloud over the luxury market, but the British maker of trenchcoats and handbags turned in strong results earlier Tuesday.
Shares of many luxury-goods purveyors are up by double-digits over the past three months. One analyst from TheStreet.com details nine stocks that could benefit from wealthy people paying up for name-brand goods.
Any pull back in spending by wealthy Chinese could spell disaster for the luxury goods industry, which is looking to China for growth as markets in Japan and Europe slow.
Click on to see these luxurious mansions, ranked from least expensive to most, many of which are ski-in/ski-out.
Many luxury goods have existed for centuries and enjoyed widespread popularity despite official bans. What are some in-demand luxury goods that have been banned?
The apparel maker saw a 31 percent year-to-date increase in its stock price, but now might not be the time to buy it, Fast Money pros said.
As retailers race to earlier and earlier opening times, kicking off Black Friday on Thanksgiving Day, one California shopping mall is taking a more laid-back approach.
Global brands must localize . No longer does simply transporting what worked in the Western world to markets like China work.
Wealthy Americans may appear to the masses as a unified group, but there is divergence in the attitudes of the rich toward holiday spending this year – which means that the key to how the holiday season unfolds may rest in the hands of the wealthiest.
Too many people are beginning to own a Louis Vuitton in China. which is eroding the luxury brand's exclusivity.
For those who want to spare no expense, there are plenty of fashionable items that are on trend. Click for some luxurious gift ideas.
The market for luxury goods has come back with a bang in the past couple of years, despite volatility elsewhere in the market.
At a time when consumers are supposed to be tightening their belts, why has the luxury sector remained so resilient? CNBC explores this question in a debate with the CEOs of Rolls-Royce, Burberry, De Beers and Quintessentially.
Investment theory is over complicated and often wrong, escalating financial crises like the one in 2008 and currently within the euro zone, Saker Nusseibeh, CIO at Hermes and Chairman of The 300 Club told CNBC.
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.