Sales during the first half rose in all markets but decelerated significantly in Japan as the company confronts soft demand ...

By Mimosa Spencer and Sami Marshak PARIS/NEW YORK (Reuters) -Luxury goods companies were spared their worst case scenario in ...

Luxury goods market faces a potential 5% drop, its worst downturn since 2009 (excluding 2020). Consumers, disillusioned by post-pandemic price hikes and stagnant creativity, are detaching from brands.

European luxury-goods makers such as Hermès and LVMH are likely breathing a sigh of relief after the EU and U.S. agreed to a 15% tariff rate—an outcome Bernstein’s Luca Solca called f ...

Shinsuke Sakimoto, the CEO of luxury goods reseller Valuence Holdings Inc., revealed himself as the buyer of a Hermès Birkin bag auctioned last week in an interview with the Khaleej Times on Monday.

The luxury goods industry has had a good year. As of June 12, 2023, the STOXX Europe Luxury 10 Index has risen by 22.81%, after reaching an all-time high in April. This surge comes as China's ...

Some people collect luxury goods such as investment pieces. Think of a Birkin bag, art by the legendary Jean-Michel Basquiat or a Rolex.

Looking further out to 2030, the personal luxury goods market is likely to experience growth driven by solid market fundamentals, boosting its value to between €530 and €570 billion—around 2 ...

Despite the global slowdown in the luxury goods sector, Europe is showing growth. In 2024, the value of the market in the region increased by 3% and reached almost €110 billion. What is behind this ...