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.
ZURICH, Switzerland — Growth of Swiss watch exports could accelerate to 5-10 percent next year, Jean-Christophe Babin, new chief executive of Italian jewelry and watch brand Bulgari, was quoted as saying on Saturday.
PARIS, France — Crocodile-skin handbags can be to die for. Really. As demand from the world’s elite surges for the skins, luxury-goods companies from LVMH Louis Vuitton Moet Hennessy SA to Gucci-owner Kering SA are making acquisitions to secure supply of the beasts, whose habits can make simply collecting their eggs a matter of life and death. Raising the reptiles from hatchling to arm candy without scratches from other crocs is
PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-products maker, reported third-quarter revenue that trailed analysts’ estimates amid slowing growth in fashion and leather-goods sales.
PARIS, France — French regulations barring shopkeepers from opening Sunday and after 9 p.m. are antiquated, according to the founder of online retailer Vente-Privée.com.
PARIS, France — Neverfull - the name of Louis Vuitton's best-selling handbag - sums up well its parent LVMH: even if it snapped up all of the world's last remaining independent luxury brands, it would still have room for more.
PARIS, France — Marc Jacobs’s departure from Louis Vuitton to focus on an initial public offering of his own brand is set to provide a double boost for LVMH Moet Hennessy Louis Vuitton SA, the owner of both luxury fashion labels.
The Savigny Luxury Index has gained good ground in September and is up by 3.7 percent, outperforming the MSCI World Index by over one percentage point, as Asian tourist flows to Western fashion hubs remain strong and the world’s largest luxury conglomerates snap up young designers, reports Pierre Mallevays of Savigny Partners.