The iconic French fashion house opened a new boutique in Miami’s Design District on Thursday, revealing a two-floor couture destination designed by architect and longtime brand collaborator Peter Marino.
The parent company of jewelry retail chains including Kay, Jared and Zales lifted its full-year financial outlook on Thursday, after reporting a year-over-year increase of 18.3% in its third-quarter sales.
Luxury natural diamond jewellery giant De Beers has exited its flagship store on London’s Bond Street and into a new concept store next door that reflects a new-look blend of heritage, modernity and sustainability.
Following a challenging year, Deloitte’s latest Global Powers of Luxury Goods report shows that the revenues generated by the world’s top 100 luxury companies dropped from $281 billion in 2019 to $252 billion in 2020.
The luxury resale marketplace announced on Thursday that gross merchandise value on its platform totaled approximately $146 million in November, with growth driven by shopping holidays such as Black Friday.
Luxury goods companies Hermes and Richemont won promotion on Wednesday to the blue-chip Euro STOXX 50 equity index, which could increase investment funds' demand for the stocks that have hit all-time highs.
By 2025, 70% of luxury consumers will be aged below 40, forcing labels to revise their approach and values, broadening them to include more culture-based elements, according to the latest study by Bain & Co.
Paris jeweler Fred welcomed back a key family member of its heritage on Wednesday, the dramatic brilliantly yellow Soleil d’Or diamond, whose 100-plus carats make it one of the rarest stones on the planet.
Nordstrom Inc said labor costs pinched its quarterly profit and warned of product shortages at its off-price stores heading into the holiday season, sending its shares down 23% in extended trading on Tuesday.
Richemont is moving its enterprise IT infrastructure to Amazon Web Services in a deal to drive more dynamic e-tail experiences, more personalisation, better supply chain management and many other benefits.