[ad_1] Euronews Business looks at how luxury stocks such as Hermès and Kering did throughout the year. ADVERTISEMENT Luxury stocks have been quite mixed this year, with decent performances at…
Tag: Luxury Goods
Weekly markets wrap: Luxury stocks lead gains as energy slumps
[ad_1] Euronews Business looks at which European stocks made impressive moves this week and which were lagging behind. ADVERTISEMENT European shares were buoyant on Friday morning, boosted by luxury and…
Luxury Stores Are Bursting With Unsold Stuff
[ad_1] Fashionistas can smell blood. Luxury brands need to find ways to unload their growing pile of unsold stock without reeking of desperation. The luxury industry is slowing as shoppers sober…
Shopping for Luxury Online Has Fallen Out of Fashion
[ad_1] Stocks that unite two of the world’s most successful industries, European luxury and American tech, might sound like winners. Instead, companies that sell luxury goods online have turned into…
Chanel Heir Becomes Switzerland’s Richest Resident, Bilanz Says
[ad_1] Chanel heir Gerard Wertheimer became the richest Swiss resident after the post-pandemic boom in luxury goods boosted his wealth to as much as 42 billion Swiss francs ($47.6 billion)…
China’s A-List Flock to Hong Kong for Louis Vuitton’s First Show
[ad_1] Some of China’s most popular celebrities and K-drama stars gathered at Louis Vuitton’s first ever fashion show in Hong Kong, as the luxury brand seeks to boost business in…
How Vanilla Perfume Went From Sickly Sweet to Chic
[ad_1] By Emily Jensen | Illustration by Franziska Barczyk for WSJ. Magazine There’s an inherent paradox to vanilla: One of the world’s most rarefied spices, it has also become shorthand…
Richemont Could Review YNAP Deal With Farfetch Amid Delisting Reports
[ad_1] Updated Nov. 29, 2023 5:19 am ET Luxury group Richemont said it has no plans to invest further in Farfetch and could reconsider a deal with the e-commerce firm,…
A ‘stitch-up’: What’s on stake for Gucci as Rome workers strike
[ad_1] Gucci employees are striking in Rome over what they claim is “collective dismissal” by the company. But a lot more could be at stake for the Italian luxury brand,…
Burberry feeling the spending squeeze as shares slump
[ad_1] British luxury brand Burberry says it probably won’t meet its low double-digit revenue growth forecast for the year. ADVERTISEMENT Burberry shares fell 10% when European markets opened on Thursday…