Luxury shopping in the post-Covid era is seen again as an exclusive gratification, a localised, digital and sensorial experience through authentic, high-added-value products, according to market research firm Ipsos.
French luxury group Kering confirmed a broad recovery in sales of high-end goods in the third quarter as Asian and U.S. demand helped revenues improve, though its star Gucci brand underperformed rivals.
Recovering sales of Louis Vuitton handbags helped LVMH contain the fallout from the coronavirus crisis in the third quarter, as the world's biggest luxury goods group reported a smaller-than-expected drop in revenues.
What is your definition of luxury? Most people would have a hard time agreeing, and a cleverly eclectic exhibition in the Musée des Arts Décoratifs in the Louvre entitled Luxes, which opens Thursday, redefines the term.
Apple Inc on Tuesday introduced a new Apple Watch Series 6 that monitors blood oxygen and starts at $399, kicking off a fall product lineup for a holiday shopping season that will be unlike any other due to Covid-19.
When many women finally get their wish post-Covid to spend half their lives in the charm of the countryside with all sorts of witty and stylish pals, Anna Sui’s latest collection is what many of them will be wearing.
LVMH insisted Tuesday that its decision to pull out of the agreement to buy Tiffany, its biggest ever acquisition, was simply due to a letter from the French ministry instructing it to delay its $16.2 billion takeover.
Kering-owned Swiss watch brands Ulysse Nardin and Girard-Perregaux said on Monday they were cutting about 100 jobs, or a quarter of their total workforce, after sales were hit by the coronavirus crisis.