Prada First-Half Sales Growth Slowest in 3 Years on Weak Asia, Europe Demand

Prada store in Dalian, China | Source: Shutterstock

Prada SpA, the Milan-based luxury handbag maker, posted the slowest half-yearly sales growth in three years as demand weakens in some Asian countries and in Europe amid economic and political uncertainties.

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LVMH Results Send Chill Across Luxury Goods Sector

Christian Dior, the luxury goods group, is the main holding company of LVMH | Source: Reuters

The outlook for the luxury goods industry darkened on Friday as poor results from industry leader LVMH showed how the strong euro and political protests in Hong Kong were major factors curbing spending by Chinese and Russian customers.

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Ferragamo CEO Sees Improved Growth Outlook, Upbeat On China

Shopping at Salvatore Ferragamo | Source: Reuters

MILAN, Italy — Italian luxury leather goods maker Salvatore Ferragamo expects group results to improve in the second half of 2014 from the first six months on the back of strong demand in China and in global travel retail, its chief executive said on Sunday.

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Rupert Sanderson on Launching a Niche Brand in China

Rupert Sanderson store in IFC mall, Shanghai | Source: Courtesy

Divia Harilela speaks to Rupert Sanderson and Hong Kong-based entrepreneur Bertrand Mak, who owns 100 percent of the brand’s China business, about the challenges of launching a niche label in the world’s largest luxury market.

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Role Call | Timothy Coghlan, Director of Luxury Retail

Timothy Coghlan | Source: Courtesy

As director of luxury retail at Savills, one of the world’s largest real estate firms, Beijing-based Timothy Coghlan connects Chinese landlords and international fashion brands to help broker deals for new retail stores in the world’s largest luxury market.

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China’s Tencent Looks to Replicate Mobile Gaming Success For E-Commerce

Tencent | Source: Reuters

BEIJING, China — Tencent Holdings Ltd, China's biggest listed tech firm, is ratcheting up its profits on smartphones as it transplants its strength in social networking and gaming onto mobile. Now it aims to repeat that for new business ventures.

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