LVMH Revenue Growth Matches Estimates as Europe Offsets Asia

Louis Vuitton store on the Champs-Elysees, Paris | Source: Shutterstock

LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, reported third-quarter revenue that met analysts’ estimates as improved growth in Europe and the U.S. compensated for slowdown in Asia.

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Luxury Goods Market Growth to Slow in 2014

Valentino dress in shop window | Source: Reuters

MILAN, Italy — Sales of luxury goods are expected to grow more slowly in 2014 compared with last year as weakness in China, Russia and Europe counters rising global tourist shopping and strong demand in Japan and the United States, a study said on Monday.

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Luxury Market Headed for Slowest Year of Growth Since 2009

Gucci Autumn/Winter 2013 campaign | Source: Gucci

PARIS, France — Worldwide luxury-goods sales will expand at the slowest pace since 2009 this year as slack Chinese consumption and the weakness of the Japanese yen weigh on growth, according to an estimate from Bain & Co.

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Neiman Marcus’s New Buyers Face Tough Luxury Retail Environment

Neiman Marcus Store Walnut Creek | Source: Flickr

NEW YORK, United States — Neiman Marcus Inc.’s new private-equity owners are buying a luxury chain that’s in danger of running out of room to expand in the U.S. as even well-heeled shoppers pull back. Ares Management LLC and the Canada Pension Plan Investment Board agreed today to buy the U.S. department store company from TPG Capital and Warburg Pincus LLC for $6 billion.

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Chinese Shoppers Set to Become World Leaders Online

Source: Reuters

SHANGHAI, China — China's e-commerce market is expected to leapfrog that of the United States this year to become the world's largest by total customer spending, management consultancy firm Bain & Company says, and could account for half of all Chinese retail spending within a decade.

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Long Overlooked, the Flourishing Philippines

Jacket and tie in the Philippines' national colours | Source: Ayala Land, Inc.

The Philippines has long been overshadowed by its larger neighbours and underestimated by international fashion brands. Now the country is reporting faster economic growth than China. BoF reports.

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Luxury growth slows, Artful fashion, Burberry fragrance in-house, DIY platform, Oliver Peoples

Louis Vuitton Shenzhen, China | Source: Richards Basmajian

Luxury goods to slow as Chinese spend less (FT) “Growth in the luxury goods market will slow this year as Chinese consumers spend less at home and give fewer gifts as they await the imminent change in Beijing’s government, according to the consultancy Bain & Co.” Artful Fashion Meets Fashionable Art at Fairs (IHT) “As art fairs and festivals bring a cosmopolitan crowd to London and Paris, a different question

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