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Jewellery

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Bulgari: Benjamin Beaufils appointed managing director Europe

Bulgari: Benjamin Beaufils appointed managing director Europe

Bulgari, the LVMH group's jewellery house, has appointed Benjamin Beaufils, formerly at Tag Heuer, as managing director for Europe.
Luxury
Copenhagen Fashion Week unveils lineup for AW24 edition

Copenhagen Fashion Week unveils lineup for AW24 edition

Set to take place from January 29 to February 2, 2024, the event will welcome a total of 31 shows curated across four days.
Fashion
Van Cleef & Arpels enters Spain with its first store in Barcelona

Van Cleef & Arpels enters Spain with its first store in Barcelona

The boutique boasts an Art Déco style featuring a display window adorned with mosaics created by artist Mathilde Jonquière. Until January, visitors can browse the Heritage collection showcasing historical pieces.
Luxury
Antoine Arnault to step down as Berluti CEO

Antoine Arnault to step down as Berluti CEO

LVMH announced on Tuesday that Antoine Arnault will relinquish his role as chief executive officer of luxury marque Berluti, effective January 1, 2024. 
Luxury
Nordstrom sales miss in sign of challenges ahead of Black Friday, holidays

Nordstrom sales miss in sign of challenges ahead of Black Friday, holidays

Nordstrom Inc. beat Wall Street’s profit estimates on lower markdowns and better inventory management, but revenue fell short — highlighting the challenges the department store faces heading into the holiday season.
Luxury
Hong Kong tycoon Cheng raises doubt over succession plans

Hong Kong tycoon Cheng raises doubt over succession plans

Hong Kong billionaire Henry Cheng said his family business is still looking for a successor, calling into question the long-held notion that his eldest son will take over his property and retailing empire.
Fashion
From Lululemon to Birkenstock, duplicate styles lure holiday shoppers

From Lululemon to Birkenstock, duplicate styles lure holiday shoppers

Lauren Maginness is a fan of Lululemon. But the 31-year-old product marketer in New York City is increasingly supplementing her activewear with less-pricey brand duplicates she picks up through Amazon.
Fashion
Exclusivity the name of the game as luxury firms target China's wealthiest for growth

Exclusivity the name of the game as luxury firms target China's wealthiest for growth

The world's biggest luxury brands seeking growth in their second-largest market China are all courting the likes of wealthy entrepreneur Diana Wang.
Luxury
Rich Americans cancel trips to Paris following Middle East war

Rich Americans cancel trips to Paris following Middle East war

Wealthy Americans are holding off on booking trips to Paris as the war in the Middle East and its wider repercussions dent demand for tourism.
Luxury
Cartier opens new store in New York City's SoHo

Cartier opens new store in New York City's SoHo

Luxury jeweler Cartier announced on Friday the opening of its newest boutique in New York City, bowing in the Big Apple's SoHo neighborhood. 
Luxury
Italy's Missoni picks Rothschild to advise on potential sale

Italy's Missoni picks Rothschild to advise on potential sale

Italian fashion house Missoni has picked Rothschild as financial adviser to explore a potential sale of the family-owned company, two sources close to the matter said on Friday.
Luxury
Fewer shoppers in Burberry stores complicates design overhaul

Fewer shoppers in Burberry stores complicates design overhaul

The slowdown in the luxury market following a post-pandemic boom could not come at a worse time for Burberry, with designer Daniel Lee's first styles for the British label trickling into newly refurbished stores.
Luxury
Saks survey signals strong luxury holiday shopping momentum ahead

Saks survey signals strong luxury holiday shopping momentum ahead

Luxury consumers will not be slowing down on holiday spending this year, according to the latest Saks Luxury Pulse survey. 
Luxury
Pawnbrokers see record jewelry sales as luxury behemoths sink

Pawnbrokers see record jewelry sales as luxury behemoths sink

The rising cost of living is proving to be a boon for a less glamorous subset of retailers: pawnbrokers, which buy and sell secondhand watches and jewelry.
Luxury
US makes biggest seizure of knock-off luxury items at $1 billion

US makes biggest seizure of knock-off luxury items at $1 billion

Federal prosecutors said they made the biggest-ever US seizure of fake designer handbags, shoes and other items — with an estimated retail value of more than $1 billion.
Luxury
EU proposes ban on Russian diamond imports in new sanctions

EU proposes ban on Russian diamond imports in new sanctions

The EU's executive has proposed banning the import of Russian diamonds and liquefied petroleum gases in a new round of sanctions over the war in Ukraine, according to a document seen by AFP Wednesday.
Luxury