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Two fashion-conscious young women chat on a London street.
Success50 million people have stopped buying luxury brands like Dior and Burberry after ‘broken promises’ to customers
By Jane ThierNovember 17, 2024
RetailLuxury fortunes lose $58 billion as pandemic era splurge ends
By Tara Patel and BloombergOctober 28, 2024
RetailKering elevates ex-Louis Vuitton executive to top Gucci role
By Angelina Rascouet and BloombergOctober 9, 2024
Bernard Arnault smiles to his right and is in front of a pink background.
LeadershipLVMH CEO and world’s richest man Bernard Arnault reveals what motivates him to work 12-hour-plus days, even at 75: ‘Every morning I have fun when I arrive’
By Sasha RogelbergJune 26, 2024
FinanceBalenciaga goods are going for 40% off in China as luxury brands conduct ‘the equivalent of hosting a public sale on Fifth Avenue’
By Shirley Zhao and BloombergJune 14, 2024
Golden Goose CEO Silvio Campara is wearing a black shirt and gesturing with both hands as he speaks.
FinanceGen Z sneaker brand with $740 ‘dirty’ shoes counts Taylor Swift as a fan—and is eyeing a $3.3 billion valuation
By Sasha RogelbergMay 28, 2024
French fashion brand Hermes store seen at Hong Kong airport.
RetailHermes emerges as the outlier with strong China sales, while the rest of luxury bleeds from the lack of shoppers
By Angelina Rascouet and BloombergApril 25, 2024
FinanceLuxury brands have a new headache in China: Stingy shoppers are returning their goods, erasing up to 75% of their sales value
By BloombergApril 17, 2024
a man standing with his hands joined
SuccessGucci owner Kering’s Gen Z heir claims his grandfather François Pinault’s seat on Christie’s board in major succession move
By Prarthana PrakashApril 5, 2024
Via Monte Napoleone, known as one of the most expensive streets in the world, has an impressive roster of top-end fashion, jewelry and footwear sales locations.
RetailGucci owner Kering splurges $1.4 billion on new Milan store, making it Italy’s most expensive building
By Angelina Rascouet, Antonio Vanuzzo and BloombergApril 4, 2024
people shopping at a luxury store
RetailGucci and Saint Laurent owner Kering follows Burberry in issuing a rare profit warning as luxury sales in Asia stall
By Prarthana PrakashMarch 20, 2024
a picture of luxury bags
RetailThe Gen Z and millennial rebellion against full-price luxury is hurting Burberry and Kering, but propping up secondhand marketplaces
By Prarthana PrakashMarch 3, 2024
shoppers walking outside a Gucci store
RetailGucci-owner Kering is buying up prime property in New York worth nearly $1 billion as luxury slowdown presses on
By Prarthana PrakashJanuary 23, 2024
Crowds of people walking in a shopping area with a Dior store
RetailHigh-end brands like LVMH and Gucci-owner Kering felt the pinch in 2023—but a new type of luxury is gaining a share of consumers’ wallets
By Prarthana PrakashDecember 25, 2023
people walking outside a Gucci showroom
RetailLuxury slump intensifies as shoppers buy less Balenciaga and Gucci, in latest sign of an end to the ‘roaring 20s’
By Prarthana PrakashOctober 25, 2023
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