Watches

​The latest results for Richemont’s Watchfinder business underline the challenges luxury watches have been facing. Its accounts for the year to March 2024, filed at Companies House, show it making another loss.

Duty-free spending in China's island province of Hainan, where global luxury players from LVMH to Kering have set up shop, slumped 29.3% last year as a weak economy saw a sharp drop in domestic visitors.

Rolex SA, the biggest luxury Swiss watch brand, raised prices on some of its most popular models after gold values surged in 2024. 

​Ashworth and Parker —better known as UK luxury retailer END. — continued to face tough market conditions in the year to the end of March, its latest accounts filing has shown.

Despite a barrage of Western sanctions and swathes of brands quitting Russia after the Kremlin launched its Ukraine offensive, Moscow's shoppers are still spoilt for choice when it comes to luxury Western goods.

Dior's production arm in Italy, Manufactures Dior, relied on formal inspections to assess working and safety standards inside its supply chain last year. In some cases, such certifications missed glaring problems.

Victims of a £10 million ($12.5 million) London jewellery raid have offered rewards of up to £1.5 million to help recover the gems and catch the thief.

​Accounts for the companies that own and operate the David Beckham brands and businesses showed another successful year in 2023.

Nordstrom Inc. has wrapped up a $4 billion holiday gift for shareholders. But independent investors have room to ask for a more extravagant offering.

Yves Hanania of Lighthouse, a luxury industry expert specialised in growth strategy, has analysed the latest sector trends for FashionNetwork.com, and the new challenges and paradigms in a crisis-ridden market.

Saks Global announced on Monday it has finalized its acquisition of Neiman Marcus Group for a total enterprise value of $2.7 billion. 

Despite a barrage of Western sanctions and many brands quitting Russia after the Kremlin launched its Ukraine offensive, Moscow's most well-off shoppers are still spoilt for choice when it comes to luxury Western goods.

Calvin Klein has confirmed plans to return to New York Fashion Week in February, with the debut collection for the brand by Veronica Leoni, the house revealed on Friday.

It may be too late to do much about marketing for the 2024 festive season but with 2025 plans already forming in retailers’ and brands’ minds, it’s worth noting a new study from eBay.

Confronting a broad decline in demand for their usual fare, including $3,000-and-up handbags and $4,000-and-up cashmere jackets, major marketers of designer and luxury merchandise are broadening their product lines.

The music selection at a luxury brand store is no mere whim of the sales associates that day; it is often carefully chosen by a team of experts.