The Asian giant tightened its COVID-19 restrictions last week due to a spike in new COVID-19 cases. This has raised concern about a further slowdown in the country's luxury market
According to the Milanese business newspaper Il Sole 24 Ore, the Parisian-based House has acquired the Tuscan company specialized in prints and handmade finishings on leather
E-commerce sales of luxury products in China declined by 1% in the first nine months of 2022, as compared to the same period of last year, after a slowdown in the second and third quarters
The Italian-based luxury House has announced that the Rome-born designer is stepping down as Creative Director, effective immediately, after almost eight years in the job
The luxury online retailer posted a slight revenue increase of 1.9% and a GMV decline of 4.9% in the third quarter of 2022, year-over-year, lowering its guidance for the full year
The UK-based luxury group reported a revenue increase of 11% in the first half of fiscal 2023, year-over-year, mainly driven by a strong performance in the EMEIA region
The luxury group will be supporting the Circular Bioeconomy Alliance's Living Lab in Chad, which is developing a sustainable cotton production under a regenerative agroforestry system
Regarded as the world's largest duty-free facility, the Haikou International Duty-Free City Shopping Complex, located in the province of Hainan, China, is now open to the public
The owner of Coach, Kate Spade and Stuart Weitzman posted net sales growth of 2% in the first quarter of fiscal 2023, year-over-year, lowering its previous guidance for the full year
Hermès apprenticeship training school, which prepares students for the French national diploma in leatherwork, will include a vocational qualification certification in cutting and stitching
The French-based luxury group continued to grow in the third quarter of the year, led by the "stellar" performance of Yves Saint Laurent. Gucci still hit by COVID-19-related restrictions in China
The UK-based luxury group announced that, in light of the rising cost of living, has decided to anticipate the new UK real Living Wage pay rates by more than six months
The French-based luxury group reported a sales jump of 30% in the first nine months of 2022, year-over-year, and shows no signs of slowing down. Price hikes are in the pipeline for 2023
The new British Finance Minister Jeremy Hunt announced that the Government no longer plans to reintroduce VAT-free shopping for overseas visitors. Luxury and retail sectors are against it
After recording revenue growth of 28% in the first nine months of 2022, the French-based luxury group said that "growth continues at the same pace". Sales also increased in the third quarter