The latest news
Swiss watchmakers counting the clock until Chinese tourists return
Switzerland's major luxury watch brands are cautiously optimistic that Chinese tourists will boost sales this year, if they return to Europe in large numbers after the easing of domestic Covid restrictions.
Dior in Mumbai: Midway to métier d'art with a Mumbai soul
With Bollywood stars and Indian aristocracy sitting front row, Dior staged its latest show before the famed Gateway of India, a collection that celebrated Mumbai’s great métier d’art – intensely unique embroidery.
Delayed Sloane Street transformation to start, will see £46m spend
London’s Sloane Street is to be transformed into a greener and even more appealing shopping destination in a partnership between landlord/developer Caodgan and the local authority.
Richemont's Enquirus is new digital platform to thwart luxury watch and jewellery thieves
Richemont, a key player in the luxury watch and jewellery sectors, announced on Thursday that it has launched “a neutral, global digital platform designed to help reduce watch and jewellery-related crime”
Missoni opens new store at South Coast Plaza, Orange County
Italian fashion label Missoni has opened its first store at the South Coast Plaza shopping center in Costa Mesa, Orange County, alongside other major luxury brands. A space that features the brand's zig-zag design.
Louis Vuitton opens new Brisbane flagship
French luxury fashion brand Louis Vuitton opened on Friday its new Brisbane flagship store, located in the city's Queen Street Mall.
Geneva watch show opens in throes of banking turmoil
The Geneva watch fair opened Monday buoyed by booming growth in the watchmaking industry, but insiders warily eyed the banking sector turmoil, evoking painful memories of the 2008 financial crisis.
Luxury activity exploded in 2022, pop-ups were key - report
Luxurynsight has released its annual Global Luxury Brand Analysis report and found an unsurprising double-digit rise in overall activity for fashion and leather goods last year as the world 'normalised post'-pandemic.
UK Gen Z shoppers embrace VAT-free EU spending post-Brexit
The UK may have failed to offer the hoped-for Vat-free shopping for EU tourists post-Brexit, but British tourists are taking advantage of their ability to shop tax-free within the EU, and Gen Z is leading the charge.
Movado annual earnings up on international wholesale, own stores sales growth
Movado Group, Inc. announced on Thursday net sales increased 2.7% to $751.9 million for the fiscal 2023 year, on growth in the watchmaker's international wholesale business and own stores.
Luxury bags are significantly more expensive in China than in Europe
While waiting for the Chinese to start traveling again, brands are betting on a rebound in domestic demand following the end of the anti-Covid measures, increasing their prices, reported a study by Retviews by Lectra.
Moschino announces that Jeremy Scott is stepping down as creative director
The house of Moschino announced on Monday afternoon that Jeremy Scott is stepping down as creative director of the Milan-based marque, after a decade long rein.
Kering commits to cut greenhouse gas emissions by 40% by 2035
French luxury conglomerate Kering announced on Friday a new commitment to reduce its absolute greenhouse gas emissions by 40% by 2035.
Cucinelli raises sales growth forecast for 2023
Italian luxury group Brunello Cucinelli on Wednesday raised its sales growth guidance for 2023 to 15%, up from its previous estimate of 12%, on the back of a strong start to the year and significant order numbers.
Guess annual sales lift on strong Europe gains, the Americas weighs
Guess Inc. announced on Tuesday revenues for the fiscal 2023 increased 4% to $2.69 billion, upheld by sales gains in the fashion brand's European and Asian markets, offsetting sluggish growth in the Americas.
London fears losing luxury shoppers to Paris and Milan
London's luxury retailers fear the city is losing its pull as a shopping destination, with tourists from the United States, China and the Gulf flocking instead to Paris and Milan where there are still tax breaks.