China's efforts to lift local consumption and spur domestic tourism have spawned a duty-free paradise on the southern island of Hainan.
China's efforts to lift local consumption and spur domestic tourism have spawned a duty-free paradise on the southern island of Hainan.
Spending is down 5 percent in Europe this year, dragged down by a 16 percent drop in France following the November terror attacks in Paris.
Spending is down 5 percent in Europe this year, dragged down by a 16 percent drop in France following the November terror attacks in Paris.
While outbound Chinese tourists attract the most attention, holidaymakers shopping inside China are a consumer market that is growing too.
While outbound Chinese tourists attract the most attention, holidaymakers shopping inside China are a consumer market that is growing too.
As key global markets continue to cool, business growth in the luxury sector will be hard won in 2016. But, here are three levers that fashion’s luxury megabrands can employ to drive growth.
As key global markets continue to cool, business growth in the luxury sector will be hard won in 2016. But, here are three levers that fashion’s luxury megabrands can employ to drive growth.
Japan’s economy is dipping in and out of recession, but the country is still one of the bright spots in the global luxury goods market. BoF reports.
Japan’s economy is dipping in and out of recession, but the country is still one of the bright spots in the global luxury goods market. BoF reports.
Chinese visitors to South Korea are buying less from global luxury mainstays like Louis Vuitton and Chanel in favour of cheaper homegrown brands, as young, independent travellers make up a bigger share of tourists.
Chinese visitors to South Korea are buying less from global luxury mainstays like Louis Vuitton and Chanel in favour of cheaper homegrown brands, as young, independent travellers make up a bigger share of tourists.
Dependent on purchases by travellers in a limited number of global cities, luxury goods companies are susceptible to the impact of terror attacks.
Dependent on purchases by travellers in a limited number of global cities, luxury goods companies are susceptible to the impact of terror attacks.
Travellers account for 40 percent of global spending on personal luxury goods, with 12 to 13 percent captured through dedicated travel retail channels. Who is best positioned to capitalise?
Travellers account for 40 percent of global spending on personal luxury goods, with 12 to 13 percent captured through dedicated travel retail channels. Who is best positioned to capitalise?
London is the fashion capital where oil-rich Arabs spend the most cash in the run up to Ramadan.
London is the fashion capital where oil-rich Arabs spend the most cash in the run up to Ramadan.
With two-thirds of Chinese luxury purchases now made outside mainland China, the whole world has become a Chinese luxury shopping mall. Who is benefitting most?
With two-thirds of Chinese luxury purchases now made outside mainland China, the whole world has become a Chinese luxury shopping mall. Who is benefitting most?
Munich — thanks to the city’s medical facilities and array of luxury boutiques — has helped Germany race past France and Britain to become the European destination of choice for tourists from the Gulf states.
Munich — thanks to the city’s medical facilities and array of luxury boutiques — has helped Germany race past France and Britain to become the European destination of choice for tourists from the Gulf states.
Chinese tourists spent a record amount on luxury goods last month, helped by shopping sprees in Europe as the weak euro made items cheaper than at home.
Chinese tourists spent a record amount on luxury goods last month, helped by shopping sprees in Europe as the weak euro made items cheaper than at home.
Kering’s newly created jewellery division regroups Boucheron, Pomellato, Dodo and Qeelin brands as the company aims to pool resources. The conglomerate is also regrouping fashion brand reporting, shielding smaller labels from investor scrutiny.
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.