News

Analysis-US tariffs will be test of luxury brands' pricing power
By Mimosa Spencer and Sami Marshak PARIS/NEW YORK (Reuters) -Luxury goods companies were spared their worst case scenario in ...
Prada Logs Higher Sales Amid Subdued Demand for Luxury Goods
Sales during the first half rose in all markets but decelerated significantly in Japan as the company confronts soft demand ...
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Muda slams govt over cancellation of luxury goods tax plan
She further questioned whether the Madani Government’s rhetoric on taxing the wealthy was genuine or merely performative.
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Luxury Lethargy Sets In As The Market Braces For Up To A 5% Drop In 2025
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 ...
Tariffs Are Changing the Way Shoppers Consider Luxury Goods
Amid President Trump's trade war, tariffs are leading to higher prices, which is causing a slump in luxury sales of apparel ...
LVMH Bounces Back as Some Investors See Bottom of Luxury Slump
LVMH shares rebounded as investors bet that relief is in sight for the luxury goods titan after another quarter of declining ...
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Govt Scraps Plan To Introduce Luxury Goods Tax
The government has officially shelved its plan to introduce a high-value goods tax (HVGT), more than two years after it was ...
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Michigan State Police Raid Oak Park Businesses Over Alleged Counterfeit Luxury Goods Sales
Michigan State Police raided Oak Park stores selling fake luxury goods, following tips and undercover purchases.
A new dimension of luxury: Are TikTok and Gen Z responsible for the boom in the European market?
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 ...
Here are the 10 most expensive cities for the ultra-rich in 2025 — and the quiet power shift shaping the next luxury capitals
Julius Baer's latest Global Wealth and Lifestyle Report found Dubai, Bangkok, and Tokyo are rising fast as new luxury hubs.