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Luxury

How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.

Luxury Heir Alleges His $13 Billion Hermès Fortune Has Vanished

A Swiss court has dismissed Hermès heir Nicolas Puech’s claims against his former wealth manager over the alleged loss of his fortune, leaving the fate of his significant stake in the luxury brand uncertain.

Luxury Heir Alleges His $13 Billion Hermès Fortune Has Vanished

A Swiss court has dismissed Hermès heir Nicolas Puech’s claims against his former wealth manager over the alleged loss of his fortune, leaving the fate of his significant stake in the luxury brand uncertain.

Miu Miu Revenues Double In First Half, Extending Industry-Beating Run

Owner Prada Group reported first-half retail sales up 18 percent, spurred by red-hot Miu Miu, even as the sector's biggest groups reported falling sales.

Miu Miu Revenues Double In First Half, Extending Industry-Beating Run

Owner Prada Group reported first-half retail sales up 18 percent, spurred by red-hot Miu Miu, even as the sector's biggest groups reported falling sales.

Dior, Louis Vuitton and Young Creators Take Centre Stage at Olympics Opening Ceremony

Fashion was in the spotlight as the Paris 2024 games opened with an awe-inspiring spectacle including a mock runway show, as well as performances by Lady Gaga, Aya Nakamura and Celine Dion.

Dior, Louis Vuitton and Young Creators Take Centre Stage at Olympics Opening Ceremony

Fashion was in the spotlight as the Paris 2024 games opened with an awe-inspiring spectacle including a mock runway show, as well as performances by Lady Gaga, Aya Nakamura and Celine Dion.

Are Luxury Brands Still Worth It?

Luxury’s results ‘superweek’ underscored just how far consumer demand has fallen. Macroeconomic gloom is part of the problem, but there may be deeper issues with big luxury’s value proposition.

Are Luxury Brands Still Worth It?

Luxury’s results ‘superweek’ underscored just how far consumer demand has fallen. Macroeconomic gloom is part of the problem, but there may be deeper issues with big luxury’s value proposition.

Hermès Outshines Rivals With Big Sales Jump

Sales at the French luxury group grew to €3.7 billion ($4.02 billion), a 13 percent organic sales rise that strips out currency fluctuations.

Hermès Outshines Rivals With Big Sales Jump

Sales at the French luxury group grew to €3.7 billion ($4.02 billion), a 13 percent organic sales rise that strips out currency fluctuations.

Kering Weakened as Gucci Sales Fall 20%

The French group’s sales fell 11 percent as its Saint Laurent and Balenciaga units also continued to suffer, underscoring the gap with key rivals in an increasingly cut-throat luxury market.

Kering Weakened as Gucci Sales Fall 20%

The French group’s sales fell 11 percent as its Saint Laurent and Balenciaga units also continued to suffer, underscoring the gap with key rivals in an increasingly cut-throat luxury market.

Sergio Rossi Taps Paul Andrew as Creative Director

The designer brings “creative design expertise and forward-thinking approach,” the Italian footwear brand owned by Lanvin Group said.

Sergio Rossi Taps Paul Andrew as Creative Director

The designer brings “creative design expertise and forward-thinking approach,” the Italian footwear brand owned by Lanvin Group said.

LVMH Revenue Slip Signals Continued Gloom for Luxury

The Louis Vuitton and Dior owner’s revenues fell for a second consecutive quarter, suggesting even the sector’s strongest players are struggling to buck a slowdown in demand for high-end brands.

LVMH Revenue Slip Signals Continued Gloom for Luxury

The Louis Vuitton and Dior owner’s revenues fell for a second consecutive quarter, suggesting even the sector’s strongest players are struggling to buck a slowdown in demand for high-end brands.

Investors Pressure LVMH on Labour Rights After Dior Linked to Italian Sweatshops

Some shareholders are asking the luxury giant to take more aggressive steps to monitor its supply chain after Italian prosecutors alleged factories manufacturing for Dior exploited workers.

Investors Pressure LVMH on Labour Rights After Dior Linked to Italian Sweatshops

Some shareholders are asking the luxury giant to take more aggressive steps to monitor its supply chain after Italian prosecutors alleged factories manufacturing for Dior exploited workers.

Tiffany’s Staff Exits Test LVMH’s Turnaround Playbook

Ambitious sales targets and lower commissions for some salespeople have led them to defect for competitors, taking some of their loyal clients with them.

Tiffany’s Staff Exits Test LVMH’s Turnaround Playbook

Ambitious sales targets and lower commissions for some salespeople have led them to defect for competitors, taking some of their loyal clients with them.

Creative Director Peter Hawkings Exits Tom Ford

The longtime deputy and sucessor of the luxury label’s founder has left the business just one year after a takeover by Zegna and Estée Lauder.

Creative Director Peter Hawkings Exits Tom Ford

The longtime deputy and sucessor of the luxury label’s founder has left the business just one year after a takeover by Zegna and Estée Lauder.

Kering, LVMH and Hermès Confront Luxury’s ‘Underconsumption’ Problem

All three companies will report results amid a sharp downturn in demand in key markets. That, plus the Olympics kick off in Paris.

Kering, LVMH and Hermès Confront Luxury’s ‘Underconsumption’ Problem

All three companies will report results amid a sharp downturn in demand in key markets. That, plus the Olympics kick off in Paris.

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