Customers are complaining that they are getting less bang for their buck at the luxury store.
A few weeks back, industry leader LVMH started things off with a surprising sales drop. Rival luxe conglomerate Kering Group, owner of Gucci, followed up a week later with a 16% sales decrease and a ...
Luxury goods cost a lot more these days, with no improvement in quality to make up for it. Weak sales look like a more ...
Led by a sizeable drop in sales for both Versace and Michael Kors, Capri (NYSE:CPRI) reported worse-than-expected results for ...
The response to the downturn and the impact of the election of Donald Trump were top of mind during a call with the Swiss ...
Chinese shoppers are opting to make purchases of luxury goods outside China, helped out by sustained depreciation of the ...
The company, rumoured to be planning a bid for Burberry, said sales over the summer were 3 per cent lower than a year earlier ...
Shares in luxury goods companies have slumped after LVMH, which owns Moët & Chandon and Dior, reported an unexpectedly steep ...
In the run-up to the holiday season, Hypebeast’s annual Gift Guide returns with a curation of fashion, tech, and lifestyle ...
The merger was blocked after a district court agreed with the Federal Trade Commission that the deal would significantly ...
A Thai woman who masterminded a scheme to cheat almost 200 victims in a luxury goods scam was sentenced to 14 years’ jail on ...