ZURICH, Switerland — In the upscale boutiques of Singapore, New York or Zurich — where Oprah Winfrey claims a sales clerk refused to show her a $38,000 bag — purses priced in the four figures are common.
From shoes to handbags to ready-to-wear, the price of designer fashion has increased precipitously over the last decade. What’s driving the rising prices? And how high can they go?
LONDON, United Kingdom — European stocks rose, heading for their longest stretch of weekly gains this year, as companies from LVMH Moet Hennessy Louis Vuitton SA to Kering SA reported faster quarterly sales growth. U.S. index futures were little changed, while Asian shares fell.
Mira Duma, the daughter of former Russian lawmaker Vasily Duma, is emblematic of a new generation of Russians for whom the meaning of high fashion has shifted from flashy and expensive to understated and even more expensive.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Sales of luxury goods are slowing and, given the uncertain outlook, investors are taking profits, reports Pierre Mallevays, founder and managing partner of Savigny Partners.
PARIS, France — Today, our contributing photographer Sonny Vandevelde files backstage imagery from Rick Owens, Louis Vuitton, Dries van Noten, 3.1 Phillip Lim and Hommes Femmes on day two of Paris Men's Fashion Week.
PARIS, France — The staging of this season’s Louis Vuitton menswear show was nothing short of ecclesiastical: a steeple of fresh cut pine bordered the runway’s exit, a singular adornment in a room almost entirely constructed of glass.