Topic
luxury goods
42 stories related to this topic, newest first.
forbes.combusiness4 days ago
Italian Yacht Designer Buys Former Tory Burch Building on Madison Avenue
Achille Salvagni paid $13.5 million for 797 Madison Ave., a five-story property last sold nearly 50 years ago. The transaction coincides with 18 new store and restaurant openings that pushed retail vacancy below 5 percent on the avenue stretch between East 57th and East 86th stre…
hauteliving.combusiness12 days ago
Chanel Acquires Charvet Shirt Maker
Chanel is purchasing Charvet, a Parisian shirt maker established in the 1830s. The acquisition adds established menswear production capabilities to the French luxury group's existing portfolio.
koreatimes.co.krbusiness15 days ago
Shinsegae Chairman’s Stake Rises to $1.3 Billion as Shares Gain 220 % in Broad Market Rally
Chung Yoo-kyung's stake in the South Korean department store operator gained value amid a Kospi rally. First-quarter revenue and profit also increased sharply.
uctoday.comworld15 days ago
Watch Executive Dies at 88
A senior executive at a Swiss watchmaker died at age 88. The company had promoted handmade timepieces priced near $40,000 during a period when electronic watches were common.
abcnews.go.comworld15 days ago
Saks Global emerges from bankruptcy as Exemplar Luxury Group after closing many stores
Saks Global exited bankruptcy on June 26 with a new corporate name, sharply lower debt and fewer stores. The restructured company now operates 49 locations focused on luxury customers.
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The Independentworld18 days ago
Global Luxury Goods Sales Forecast to Rise 2-4 Percent in 2026
A consultancy report projects modest growth in personal luxury goods after two years of contraction. Sales are expected to reach 365 billion to 373 billion euros this year.
New York Postbusiness21 days ago
Del Vecchio Heir Seeks Larger Stake in Family Holding Company Ahead of June 30 Meeting
Leonardo Maria Del Vecchio issued an open letter accusing Delfin of governance failures over his proposed buyout of siblings' stakes. The dispute involves control of a Luxembourg holding company that owns 32.4 percent of EssilorLuxottica.
finance26 days ago
Mark Zuckerberg Wears Watches Valued From $120 to $900,000
Mark Zuckerberg has worn luxury watches including models from Patek Philippe, De Bethune, and F.P. Journe since 2024. His collection also includes a Greubel Forsey piece valued at $900,000 and a basic Casio model.
citizen.co.zaworld26 days ago
Ferrari Introduces Limited-Edition Luce Model at €550,000
Ferrari is offering a new limited-production vehicle priced at €550,000. Sources indicate that purchases may influence future allocations of rarer models for repeat buyers.
forbes.combusiness32 days ago
Chow Tai Fook Shares Rise 15% After Record Annual Profit, Though Operating Profit Growth Lagged
The Hong Kong jeweler posted a record HK$9 billion net profit for the year ended March, up 50% from a year earlier. Higher gold prices and demand for fixed-price jewelry drove the gains.
Le Mondeworld32 days ago
T-Rex Leather Bag Created from Montana Fossil to Be Auctioned in Paris on June 13
A bag made from collagen extracted from a Tyrannosaurus rex femur will go under the hammer at Hotel Drouot. The estimated price range is €300,000 to €500,000.
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New York Postscience36 days ago
Prada Unveils Liquid Cooling Garment for NASA Astronauts in Collaboration with Axiom Space
Italian fashion house Prada introduced an inner-layer garment developed with Axiom Space for future NASA missions. The product follows the company’s 2024 spacesuit collaboration and comes amid a wider luxury sector slowdown.
Japan Timesworld42 days ago
Yamazaki 50-Year-Old Whisky Sells for HK$8.25 Million, Nearly Double High Estimate, Setting Japanese Whisky Record
A 700-milliliter bottle of Yamazaki 50 Year Old fetched HK$8,250,000 on May 30, 2026, setting a new world record for Japanese whisky. The sale nearly doubled the bottle's high estimate and followed an intense bidding war among three collectors.
finance48 days ago
Ferrari Unveils First Electric Vehicle With 1,036 Horsepower
Ferrari introduced its first fully electric production car, the Luce, featuring four electric motors and a five-seat layout. The vehicle was designed in collaboration with the firm LoveFrom.
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Substrate placeholder — needs reviewfinance49 days ago
Ferrari Unveils First Electric Vehicle; Shares Fall
Ferrari introduced the Luce, its first fully electric vehicle. Shares in the Italian luxury automaker fell following the announcement.
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benzinga.comworld49 days ago
Ferrari Unveils First Model Without Internal Combustion Engine
Ferrari introduced an electric vehicle as its first model without an internal combustion engine. The car is the company's initial test of buyer interest in battery-powered models among high-income customers.
swissinfo.chworld51 days ago
Chanel Owner Family Receives $21 Billion Payout
The family that controls Chanel is positioned to collect at least $21 billion in distributions over ten years. The payments coincide with continued strength for the brand while some competing luxury companies face weaker demand.
Semaforworld55 days ago
Two artworks sell for over $100 million each
A Jackson Pollock painting and a Constantin Brancusi sculpture sold for $181 million and $108 million. The sales indicate renewed strength at the top of the art market.
vanityfair.comworld57 days ago
Louis Vuitton Artistic Director Discusses Brand History and New Collection
Nicolas Ghesquière, artistic director of Louis Vuitton, spoke about the company's origins and his design approach. He described how the brand balances its 19th-century roots with new collections, including a Keith Haring collaboration.
channelnewsasia.comworld57 days ago
Louis Vuitton Designer Nicolas Ghesquière Previews New York Collection
Artistic director Nicolas Ghesquière discussed the brand's history and upcoming designs. The French fashion house remains the world's largest luxury brand.
nypost.comworld58 days ago
Gucci Shows Cruise 2027 Collection in Times Square
Gucci presented its Cruise 2027 collection on May 16, 2026, in Times Square. Creative director Demna staged the show on a public runway in New York City.
BBC Newsworld58 days ago
Swatch Closes UK Stores After Crowds Queue for Limited Edition Watch
The company closed branches in several UK cities on Saturday after hundreds of people queued to buy a new £335 limited edition pocket watch. The watch, part of a collaboration with Audemars Piguet, has appeared on resale sites for as much as £16,000. Similar large crowds formed a…
manofmany.comworld58 days ago
Strong Demand for Audemars Piguet-Swatch Collaboration Draws Large Crowds at Launch
Fans who queued for days finally had their chance to buy the new Audemars Piguet-Swatch collaboration watch on Saturday. The eye-catching pop-art timepiece drew heaving crowds that stopped some stores from opening their doors. The watch went on sale to the public that same day.
eonline.comfinance59 days ago
LVMH Agrees to Sell Marc Jacobs to Joint Venture of WHP Global and G-III Apparel Group
LVMH has reached an agreement to sell the Marc Jacobs brand to a joint venture formed by WHP Global and G-III Apparel Group. The buyers plan to raise up to $850 million to fund the acquisition. The deal marks the exit of the French luxury conglomerate from ownership of the Americ…
Financial Timesfinance60 days ago
Weichai Ousts Management at Italian Yachtmaker Ferretti
Weichai has replaced the management at Ferretti Group after a shareholder vote on competing board slates. The action concludes months of conflict between the two largest investors in the Italian luxury yacht manufacturer. The vote determines the composition of the company's board…
professionalwatches.comtechnology60 days ago
Swatch and Audemars Piguet Launch Bioceramic Royal Pop Pocket Watches
Instagram users circulated AI images of colorful plastic Royal Oak wristwatches for a week before the official Royal Pop collection of eight bioceramic pocket watches launched on Tuesday. The collaboration references the 1979 Royal Oak Pocket Watch and uses a new Sistem51 movemen…
forbes.comfinance60 days ago
Burberry Swings to Annual Profit but Shares Fall on Europe Weakness
Burberry swung to pretax profits of $66.2 million in the year ended March 28, reversing an $89.2 million loss, as its new Cotswolds handbag line drove the strongest bag performance since 2023. CEO Joshua Schulman attributed the gains to American demand for recognizable luxury at…
Wiredtechnology62 days ago
Swatch Reveals Audemars Piguet Royal Pop Pocket Watch Collection
Swatch announced the Royal Pop Collection of pocket watches ahead of its planned May 16 release date. The eight-watch collection combines design elements from Audemars Piguet’s 1972 Royal Oak with 1980s Swatch POP models and uses a new hand-wound movement with 90-hour power reser…
thedrinksbusiness.comworld64 days ago
LVMH CEO Arnault Visits South Korea for First Time in Three Years
LVMH Chairman and CEO Bernard Arnault visited Louis Vuitton stores in Seoul on May 11, 2026, during his first trip to South Korea since 2023. He toured locations at Shinsegae and Lotte department stores, accompanied by Delphine Arnault and Lotte Group Chairman Shin Dong-bin. The…
thedrinksbusiness.comworld66 days ago
LVMH's Arnault Visits Seoul Stores as US Treasury Secretary Travels to Asia
LVMH Chairman and CEO Bernard Arnault is expected to visit South Korea next week for the first time in three years, touring newly opened Louis Vuitton outlets in major department stores. Separately, U.S. Treasury Secretary Scott Bessent plans a one-day stop in Seoul en route to C…
Substrate placeholder — needs reviewworld66 days ago
Rolls-Royce to Begin Production of 100-Unit Project Nightingale Electric Two-Seater in 2027
All 100 units of the marque's first Coachbuild Collection car, inspired by 1920s experimental models, have been sold following client commitments made from a five-line sketch 18 months ago. Production is set to begin next year at the expanded Goodwood, England factory after more…
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upi.comfinance70 days ago
Saks Forecasts $85 Million Adjusted EBITDA for Fiscal Year Ending January 2027
Saks is projecting $85 million in adjusted EBITDA for its current fiscal year, which ends in January 2027. The company also expects to return to peak sales levels in fiscal 2027 and 2028. These forecasts come from the Saks CEO, as reported by @FirstSquawk.
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Stephen McKay / Wikimedia (CC BY-SA 2.0)world74 days ago
Prada Revenues Rise 3% in First Quarter 2026 Driven by Americas Growth
Italian luxury group Prada reported a 3% revenue increase at constant exchange rates for the first quarter of 2026, excluding Versace's contribution. The growth was fueled by double-digit sales in the Americas, offsetting weaknesses in Europe and the Middle East. This marks a pos…
Office of the President of the United States / Wikimedia (Public domain)politics80 days ago
U.S. Revokes Biden-Era Export Licenses for Luxury Goods to Cuba
The Trump administration has rescinded export licenses to Cuba for items including Ferraris, Aston Martins, Maseratis, jacuzzis and jet skis. A letter from Commerce Under Secretary Jeffrey Kessler confirmed the action, which pulls approvals issued during the Biden administration.…
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valuewalk.comworld81 days ago
Bernard Arnault Involves Five Children in LVMH Shareholders' Meeting
Bernard Arnault, CEO of LVMH, handed the microphone to each of his five children during the company's annual general meeting in Paris on April 23, 2026. The event followed a recent investigation into succession at the luxury group. Arnault later stated that his children are highl…
vancouversun.comworld86 days ago
Rare Collectibles Achieve High Auction Prices Among Wealthy Buyers
Rare items such as a modified guitar and a bottle of wine have sold for millions at recent auctions. Experts attribute the high values to scarcity and uniqueness. These sales reflect trends in luxury spending among high-net-worth individuals.
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Substrate placeholder — needs reviewworld89 days ago
LVMH, Kering and Hermès Report Impact of Iran War on Middle East Luxury Consumers
LVMH, Kering and Hermès International have reported this week that the Iran war is affecting high-spending consumers in the Middle East. The companies noted potential disruptions to luxury goods sales in the region. This follows ongoing conflict developments.
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thehindu.comtechnology90 days ago
Highlights from Watches and Wonders 2026 Feature Advanced Timepieces
Watches and Wonders 2026 in Geneva showcased several new watches from brands including TAG Heuer, Vacheron Constantin, Ulysse Nardin, and IWC. These timepieces incorporate materials and mechanisms designed for durability and functionality. The event presented innovations in chron…
Euronewsbusiness95 days ago
Stefano Gabbana Resigns as Chairman of Dolce & Gabbana Amid Debt Refinancing Talks
Stefano Gabbana resigned as chairman of Dolce & Gabbana effective January 1, 2025, while retaining a creative role. Alfonso Dolce, brother of co-founder Domenico Dolce, assumed the chairman position. The company is negotiating to refinance €450 million in debt, and Gabbana is con…
10magazine.comworld95 days ago
Stefano Gabbana Resigns as Chair of Dolce & Gabbana Effective January 1
Stefano Gabbana, co-founder of the Italian luxury fashion house Dolce & Gabbana, resigned from his position as chair effective January 1. The company stated the move is part of an organizational structure and governance evolution. Gabbana holds a 40% stake and is considering opti…
Substrate placeholder — needs reviewfinance95 days ago
Young Americans Purchase Notebooks from Paris-Based Louise Carmen Amid Journaling Trend
Notebooks produced by Paris-based Louise Carmen are being bought by young Americans. This trend coincides with increased journaling popularity following the COVID-19 pandemic. The items, priced at $200, have gained attention among this demographic.
Substrate placeholder — needs reviewworld96 days ago
Galeries Lafayette Reviews Operations in China Amid Consumer Downturn
Galeries Lafayette, a French department store chain, is evaluating its business strategy in China due to an ongoing consumer slowdown in the luxury sector. The company operates stores in major Chinese cities, including a flagship location in Beijing. This reassessment occurs as l…
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