Now playing Next Business Burberry boss ousted after profit warning issued amid luxury slowdown The British fashion house says its quarterly performance is "disappointing" and warns it will miss annual profit forecasts. 15/07/2024
Now playing Next Business Mulberry hopes to bag a winner with new CEO after sales fall Mulberry's share price has fallen 39% since January, amid a global decline in the luxury sector, mainly driven by shoppers from Asia cutting back. 10/07/2024
Now playing Next Business Aston Martin reveals new sports car inspired by racing star Luxury British carmaker Aston Martin reveals its limited edition 'Valiant' model, saying it expects deliveries to start towards the end of the year. 27/06/2024
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Now playing Next Business Cannes Lions 2024: Here’s what to expect The global advertising and communications business is descending on the French Riviera to thrash out the future of creativity at Cannes Lions 2024. 17/06/2024
Now playing Next Markets Europe's luxury stocks set for growth challenges in the year ahead Major European luxury stocks have been experiencing a slowdown in growth amid softened global purchasing power, particularly in China. 05/06/2024
Now playing Next Business Cartier-owner Richemont names new CEO amid luxury slowdown The Swiss group will transfer Nicolas Bos from Van Cleef & Arpels as part of a restructuring process. 18/05/2024
Now playing Next Business Decline in luxury spending spells trouble for Burberry's bottom line The British fashion brand announces plummeting profits, with particularly poor sales reported in China. 15/05/2024
Now playing Next Business Losses balloon at luxury car maker Aston Martin as SUV sales plunge The luxury car manufacturer Aston Martin reveals it has sunk £139m (€162.52m) into red during opening quarter 02/05/2024
Now playing Next Markets LVMH stock falls as consumers rein in spending on luxury goods LVMH shares fell at market close on Tuesday after the company failed to cheer investors with its latest financial results. 17/04/2024
Now playing Next Focus Watches and Wonders 2024: elite of watchmaking unveil their creations in Geneva Delve into the world of watchmaking at Watches and Wonders 2024 and discover the latest trends and technologies driving the industry. 16/04/2024
Now playing Next Lifestyle What women want: How Swiss watchmakers are courting the female market Watchmakers are increasingly aware of the growing voices of female collectors. At Watches and Wonders Geneva, we look at the latest women’s and gender-fluid timepieces. 15/04/2024
Now playing Next Lifestyle Watches and Wonders 2024: How watchmakers are setting themselves apart From the most complicated watch ever made to the thinnest, brands are outdoing themselves at Watches and Wonders in Geneva. We asked some exhibiting maisons about the timepieces that set them apart. 12/04/2024
Now playing Next Lifestyle Watches and Wonders 2024: The best jewellery to wear on your wrist The Swiss watch industry’s biggest annual trade show returns this week to Geneva, with even more public programming than last year. Here’s what to expect from Watches & Wonders 2024. 08/04/2024
Now playing Next Business Swatch warns clock's ticking over consumer spending in China A more cautious approach to spending in China could result in lower sales in the country until the end of the year, the Swiss watchmaker is warning. 01/04/2024
Now playing Next Business Hermès lands in hot water over Birkin bag sales antitrust class action Hermès has been slammed for allegedly coercing clients to buy other products, to hopefully get a chance to buy the famed Birkin bag. 21/03/2024
Now playing Next Business China slowdown puts brake on luxury car maker Bentley's sales Slowdown in China puts a dent in sales for luxury car maker Bentley but more and more customers are looking to add individual style to their cars. 19/01/2024
Now playing Next Culture news Arnold Schwarzenegger detained at Munich airport over luxury watch The actor and former California governor travelled to Germany for a charity auction, but was held up upon arrival for failing to follow EU rules when it comes to valuable items over a certain price tag. 18/01/2024
Now playing Next Business European luxury sector's outlook for 2024: Time to hold or fold? European luxury sector stocks had a negative start to the new year. Bank of America recently provided insights into the sector's outlook for 2024. Analysts emphasise the significance of Chinese consumer behaviour but also raise concerns about challenges faced by 'turnaround' brands. 14/01/2024
Now playing Next Business The world's fastest on-road car is up for auction The Bugatti Chiron Super Sport 300+ could fetch as much as €5 million. 11/01/2024