LONDON, United Kingdom — Burberry Group Plc, the U.K.’s largest luxury-goods maker, reported full-year profit that beat analysts’ estimates, boosted by strong demand in China and Hong Kong, and raised its dividend 16 percent to 29 pence a share.
LONDON, United Kingdom — Louis Vuitton is losing ground as the world’s most valuable luxury brand as competitors including Gucci and Prada gain, a new research report shows.
HONG KONG, China — Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favour.
In a three-part report, BoF examines New York City’s ever-shifting retail landscape. Today, we consider the rise and recasting of the Meatpacking District.
LONDON, United Kingdom — Burberry Group Plc reported fourth-quarter revenue that beat analysts’ estimates, helped by demand for its more expensive products. The stock had the biggest gain in more than six months.