[ad_1] Burberry Group warned that the global slowdown in luxury demand is hurting its performance and that it is unlikely to achieve its guidance if the trend continues, despite beating…
Tag: Luxury Goods
LIVE: Grand Prix d’Horlogerie de Genève
[ad_1] The Grand Prix d’Horlogerie de Genève award ceremony is the pinnacle of the Swiss watch industry calendar, where the crème de la crème of watchmakers presents their best timepieces.…
Coach Saves Tapestry From Unraveling
[ad_1] Luxury demand isn’t quite what it used to be. Neither is demand for accessible luxury, but it seems strong enough that brands like Coach are still able to push…
Grand Prix d’Horlogerie de Genève: ‘Quiet Luxury’ and indie brands set to dominate winners
[ad_1] Anticipation is building for the Grand Prix d’Horlogerie de Genève award ceremony, the pinnacle of the Swiss watch industry calendar. ADVERTISEMENT Ninety timepieces have been nominated across 15 categories…
Shopping for an EV? There are some big discounts right now | CNN Business
[ad_1] CNN — Thanks to growing competition in the market, and some reticence from consumers, automakers and car dealers are offering huge discounts on electric vehicles, particularly luxury models. The…
London takes back European stock exchange crown from Paris
[ad_1] The London Stock Exchange’s performance was lifted by increasing oil prices, according to a Bloomberg index. ADVERTISEMENT After losing its number-one spot among Europe’s biggest stock markets last year,…
Sales Slow at Louis Vuitton’s Owner as China Sputters
[ad_1] LVMH Moët Hennessy Louis Vuitton, the world’s biggest luxury-goods company, struggled to lure big-spending Chinese consumers back to its boutiques after the end of China’s pandemic restrictions. [ad_2] Source…
A Gilded Age is Fading for Luxury Brands
[ad_1] The latest results from Louis Vuitton owner LVMH show that luxury shoppers are sobering up after years of heavy spending. [ad_2] Source link
France Probes LVMH CEO Arnault Over Deal With Russian Businessman
[ad_1] Prosecutors say a preliminary investigation into money laundering has been under way since 2022 into the LVMH chief. [ad_2] Source link