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EBay dives deeper into the luxury resale space with the addition of apparel

EBay dives deeper into the luxury resale space with the addition of apparel

The online auction-centric marketplace is adding clothing to its second-hand sales.
Luxury
Harrods announces more 175th anniversary celebrations

Harrods announces more 175th anniversary celebrations

Harrods kicked off its 175th anniversary celebrations with its Burberry link-up last month and is continuing to mark the birthday in March (and for the rest of the year) with special activations and products.
Luxury
Harvey Nichols cuts jobs but performance improves

Harvey Nichols cuts jobs but performance improves

Harvey Nichols is the latest retailer to announce job cuts in a further sign that the bleak UK retail sector is hurting luxury as much as other price points.
Fashion
Kering anticipates 10% sales drop due to Gucci decline

Kering anticipates 10% sales drop due to Gucci decline

French luxury giant Kering said Tuesday it is anticipating a 10-percent drop in year-on-year sales in the first quarter due to a decline in the performance of its flagship brand, handbag-maker Gucci.
Luxury
Swiss watch exports slump on lower shipments to China, Hong Kong

Swiss watch exports slump on lower shipments to China, Hong Kong

Monthly Swiss watch exports fell for just the second time in three years, led by lower shipments to China and Hong Kong, as demand for luxury timepieces cools.
Luxury
70% of Asian luxury consumers prioritizing craftsmanship over brand, design: Bluebell Group

70% of Asian luxury consumers prioritizing craftsmanship over brand, design: Bluebell Group

The fourth volume of the 'Asia Lifestyle Consumer Profile' report, covering consumers across six markets, found that 70% of respondents are prioritizing craftsmanship over brand or design.  
Luxury
Luxury watch thefts surge, impacts shopper confidence

Luxury watch thefts surge, impacts shopper confidence

Around £1.5 billion, and counting. That’s currently the staggering total worth of luxury watches stolen or lost, according to the global Watch Register database.
Luxury
UK luxury is £81bn industry says new report

UK luxury is £81bn industry says new report

​The UK luxury sector is now worth £81 billion a year to the UK economy and supports 450,000 jobs, according to a new report by British luxury body Walpole. 
Fashion
Fossil Group CEO to step down

Fossil Group CEO to step down

Fossil Group announced that Kosta N. Kartsotis will be stepping down from his position as chief executive officer and as a member of the board of directors, effective immediately.
Luxury
Luxury watch sales at auctions drop 13% after post-Covid surge

Luxury watch sales at auctions drop 13% after post-Covid surge

Sales of luxury watches suffered a “severe downturn” last year as well-heeled buyers turned cautious amid geopoli
Luxury
Luxury e-tail crisis: Is it game over for sector's biggest names?

Luxury e-tail crisis: Is it game over for sector's biggest names?

Matches, Farfetch, Net-A-Porter -- luxury fashion e-tail's dynamic driving forces are facing a crisis nobody expected just a few years ago. So what caused it and is there still a chance they could bounce back?
Fashion
900 luxury watches 'go missing' in Japan

900 luxury watches 'go missing' in Japan

Around 900 luxury watches worth almost $13 million are missing in Japan after a site renting them out folded and its owner fled to Dubai, local media reported.
Luxury
Matches to go into administration following purchase by Frasers

Matches to go into administration following purchase by Frasers

​In 2017, it was sold by its founder for a price rumoured to be £800m. A few months ago Frasers bought it for £52m. And now luxury e-tailer Matches is set for an administration filing that could come as early as Friday.
Fashion
Hugo Boss has record 2023, sees more growth ahead despite tough backdrop

Hugo Boss has record 2023, sees more growth ahead despite tough backdrop

​Hugo Boss’s results report on Thursday showed just how strong the German high-end fashion giant is, with 2023 being a record year for the business and further improvements predicted for FY24.
Fashion
Ferragamo sales improve in February after weak start to year

Ferragamo sales improve in February after weak start to year

Sales at Salvatore Ferragamo continued to weaken year-on-year in January after dragging operating profit down 44% profit in 2023, but stabilised in February, the chief executive of the Italian luxury goods group said.
Luxury
Louis Vuitton closes Paris Fashion Week by going into orbit

Louis Vuitton closes Paris Fashion Week by going into orbit

Bernard Arnault, the patron of Louis Vuitton, loves a big show, and he got an immense one Tuesday night as designer Nicolas Ghesquière closed out the official Paris runway season with a mammoth display before 4,000. 
Luxury