Luxury brands hiked up their prices about 20% between 2021 and 2023, steering off middle-income shoppers facing financial pressure.

Mélanie Flouquet, now chief strategy officer, is expected to take up the new position on March 1, with Boston Consulting ...

A sluggish economy, an austere political mood and the feeling among some consumers that pricey brands are passé have combined ...

European luxury goods makers say they could draw on pricing power to offset the cost of any tariffs imposed by U.S. President ...

The upshot is that founders often work 18-hour days to meet financial deadlines. Unfortunately, the history of luxury is ...

PARIS: French luxury group Hermes has reported fourth-quarter results well above analyst expectations, showing robust appetite from wealthy consumers for its most expensive items including Birkin bags ...

The French luxury brand is a candidate for the Haute Couture Week calendar. More than two-thirds of its business is already ...

PARIS (Reuters) -French luxury group Hermes reported an 18% rise in fourth quarter sales on Friday, showing robust appetite ...

Gucci’s downturn extended into the final stretch of 2024, with fourth-quarter revenue falling 24%, closing out a year in which sales at Kering’s flagship brand dropped 23% to EUR 7.7 billion (USD 8 ...

Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative ...

With robust growth in premium sectors, India is filling the gap left by China and attracting several global luxury brands to ...