A $245 Billion Selloff Signals Less Sparkly Future for Luxury Stocks
The wealthy shoppers who fueled LVMH’s rise to Europe’s most valuable company and made its founder the world’s
2023-10-11 20:27
Stock Market Can’t Ignore Impact of Rates on Earnings This Season
Stock markets that have refused to buckle under the highest yields since 2007 face a new test. Third-quarter
2023-10-11 15:59
LVMH Sales Growth Slows as Global Luxury Demand Cools
LVMH’s sales growth softened in the third quarter as shoppers reined in spending on high-end Cognac and costly
2023-10-11 00:51
Afghanistan’s Viral Supercar Makes Global Debut at Doha Show
At first glance, the Simurgh resembles the Batmobile. Black, low-slung with flared wheel arches, the supercar looks built
2023-10-09 16:25
Ferrari Boss Takes Prototype of Debut Electric Model for a Spin
Ferrari NV’s first fully electric model will be one of the most highly anticipated products in automotive history,
2023-10-09 12:57
Chanel Increases Prices in China as Concerns About Luxury Demand Mount
Chanel increased prices of its high-end products in China in September, amid a slowdown in demand for luxury
2023-10-06 21:59
Jay-Z’s Champagne Maker Is Planning an Even More Exclusive Brand
The small French winemaker behind Jay-Z’s Champagne is laying the groundwork for the launch of another luxury brand,
2023-10-06 16:22
LVMH, EasyJet Face a Darkening Economy: EMEA Earnings Week Ahead
A worsening economic backdrop leaves a dark cloud hanging over European companies preparing to report this earnings season.
2023-10-06 16:19
Dubai's Hottest Restaurants Are Infiltrating Cities Worldwide
Dubai used to be a place where the best restaurants had been imported from other parts of the
2023-10-06 14:29
Layaway Spending to Hit a Record This Holiday as Financial Strains Persist
Buy-now-pay-later services will hit a record this holiday as increasingly cash-strapped US shoppers struggle with higher prices and
2023-10-05 21:27
Rolls-Royce CEO Torsten Müller-Ötvös to Retire After 14 Years
Torsten Müller-Ötvös, chief executive officer of Rolls-Royce Motor Cars Ltd., will retire on Nov. 30 after almost 14
2023-10-05 20:24
Dubai Cements Status as World’s Busiest Luxury Property Market
Dubai cemented its status as the world’s busiest market for luxury homes with buyers pouring $1.59 billion into
2023-10-05 16:22