Richemont Sales Increase, but Profits hit by Exchange Rates
Cartier, Van Cleef & Arpels and Buccelatti reported a combined revenue of $15.3bn, the Swiss-based…
Luxury prices in spotlight as Chanel enters new chapter
The departure of Chanel’s top designer early Thursday sent ripples across the $1.62 trillion luxury…
Hermes quarterly sales jump 17% on strong China demand
Birkin bag maker Hermes, opens new tab reported a 17% surge in first-quarter sales on Thursday,…
Prada is to invest around one billion euros in the revamp of its retail strategy over the next 5 years
Last year, Prada recorded a 17 percent increase in sales to 4.2 billion euros compared…
The Abandoned Luxury Towers That Graffiti Exposed
It was a billion-dollar aspiration meant to transform a neighborhood. A trio of shimmering skyscrapers…
Macy’s to close 150 stores — 30% of its namesake chain
Macy’s said it will shut down 150 stores — about 30% of its US namesake…