Aspirational buyers could save luxury brands from losing more ground
Luxury brands hiked up their prices about 20% between 2021 and 2023, steering off middle-income shoppers facing financial ...
3 Reasons Why Kering Can Outperform Following 2024 Collapse
Kering's challenging performance is driven by economic pressures. Read why PPRUF stock may recover, supported by strong ...
Town & Country16d
Sabato De Sarno Has Parted Ways With Gucci
Francesca Belletini, who is deputy CEO at Kering, Gucci's parent company ... Some of her favorite items to date are Gwyneth Paltrow's ski trial cardigan, the Hotel Chocolat Velvetiser, and ...
Birkin bag maker Hermes extends lead over rivals with end-of-year sales surge
French luxury group Hermes reported fourth-quarter results well above analyst expectations on Friday, showing robust appetite ...
Birkin bag maker Hermes end of year sales jump
PARIS (Reuters) -French luxury group Hermes reported an 18% rise in fourth quarter sales on Friday, showing robust appetite ...
China’s love affair with luxury has cooled
A sluggish economy, an austere political mood and the feeling among some consumers that pricey brands are passé have combined ...
China’s wealthy shoppers have a new mentality—and it’s terrible news for luxury brands like LVMH and Kering who bet billions on their loyalty
After luxury companies invested billions in China’s market, the country’s consumers turned to new pricey purchases.
NBC Los Angeles10d
Europe stocks close higher after hotter-than-expected U.S. inflation print; Heineken up 14%
European markets closed slightly higher on Wednesday as global markets assessed the latest inflation reading out of the U.S.
Hermès takes on Chanel and Dior in the high fashion market
The French luxury brand is a candidate for the Haute Couture Week calendar. More than two-thirds of its business is already ...