The Onetime Auditor Brought In to Reinvent Gucci
Updated Jan. 12, 2024 12:00 am ETListen to article(2 minutes)MILAN—When Gucci’s flagship store here reopened last month, the space was...
Luxury Goods
Sales Slow at Louis Vuitton’s Owner as China Sputters
LVMH Moët Hennessy Louis Vuitton, the world’s biggest luxury-goods company, struggled to lure big-spending Chinese consumers back to its boutiques...
Italy Defined Fashion. Then It Got Old.
Armani. Prada. Tod’s. Brunello Cucinelli. They have set luxury tastes for decades. As their visionary leaders hit their 70s and...
Diamonds Are on Sale. They Won’t Be Forever.
A postpandemic glut has led to falling prices for some gems, but they are likely to bounce back. Source link
Beverly Hills Voters Stymie LVMH Plans to Expand U.S. Hotel Business
The majority of votes counted in this week’s referendum were against plans by LVMH’s Cheval Blanc brand to build its...
The World Is Volatile but Luxury Brands Look Serene
Hermès and LVMH beat high expectations for first-quarter sales. Source link
LVMH’s Paris Headquarters Stormed by Protesters
The nationwide protest movement against President Emmanuel Macron’s pension overhaul morphed into a populist rebuke of France’s establishment. Source link
Balenciaga Displays Restraint in First Fashion Show Since Child Ad Backlash
Creative designer Demna aims to reset the brand’s image after consumer protests. Source link
Resale value of Gucci, Chanel, Louis Vuitton handbags is falling | CNN Business
New York CNN — Consumers, spooked by accelerating job cuts, looming recession fears and continuing high prices for goods and...
Lamborghini Looks to the Past as It Plans an EV Future
Luxury car makers are looking for ways to build a bridge between the old world of traditional automotive luxury and...
Gieves & Hawkes, Tailor Favored by British Royalty, Secures Rescue
The Savile Row suit maker is back in British hands after five ill-fated years of Chinese ownership that threatened its...
Gucci, Burberry Join Booming Secondhand Luxury Trade
Secondhand luxury isn’t new, but its popularity is surging. Steep price hikes by prestigious brands like Chanel SA are driving...
Why It’s So Hard to Keep Russian Diamonds and Gold Out of the U.S. Despite Sanctions
Russian gold and diamonds could still be sold in the U.S. despite being sanctioned, lawmakers and industry participants say, unless...
Ralph Lauren Executive Howard Smith Resigns Over Personal Conduct
Howard Smith, chief commercial officer at Ralph Lauren Corp., has resigned and will step down from his role immediately, the...
Chanel Tests Purse Lovers With $3,000 Price Hikes
Chanel SA’s small Classic Flap bag was always a luxury item, but after three price hikes last year, it is...
