Jewellery
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Trouble in China's shopping paradise as Hainan duty-free spending falls 29%
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.
Luxury
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Luxury Western goods line Russian stores, three years into sanctions
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.
Luxury
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Inside luxury goods' broken audit system
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.
Luxury
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£1.5 mn reward offered after 'brazen' London gem raid
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.
Luxury
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David Beckham companies see rising profits as star continues to make an impact globally
Accounts for the companies that own and operate the David Beckham brands and businesses showed another successful year in 2023.
Fashion
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Nordstrom’s holiday gift needs to be more generous
Nordstrom Inc. has wrapped up a $4 billion holiday gift for shareholders. But independent investors have room to ask for a more extravagant offering.
Luxury
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Luxury consultant Yves Hanania says easier to grow than to shrink
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.
Fashion
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Saks closes on $2.7 billion purchase of Neiman Marcus Group
Saks Global announced on Monday it has finalized its acquisition of Neiman Marcus Group for a total enterprise value of $2.7 billion.
Luxury
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Luxury Western goods line Russian stores, three years into sanctions
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.
Luxury
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Calvin Klein to return to New York Fashion Week runway, with debut Veronica Leoni collection
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.
Luxury
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eBay predicts surge in self-gifting this festive season
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.
Fashion
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Luxury labels bulk up on lower-priced goods to appeal to middle-class shoppers
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.
Luxury
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The sound of desire: How music shapes our interactions with luxury brands
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.
Luxury
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Is Hedi Slimane making a fashion comeback?
Two months after leaving Céline, French designer Hedi Slimane is once again sparking speculation. On December 18, a new Instagram account, @hedislimanehomme, surfaced online, only to disappear hours later.
Luxury
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China’s ‘old shop’ jeweler bucks slowdown with 437% stock rally
Bejing-based jeweler, Laopu Gold Co., whose Chinese name translates to “old shop,” is luring shoppers as it outshines market leader Chow Tai Fook Jewellery Group Ltd.
Luxury
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Zalando Trend Rewind says mob wife, brat summer and sport-meets-fashion dominated 2024
Zalando has looked back at 2024 based on the data generated by its platform and come up with Trend Rewind, a look at what’s been trending this year.
Fashion