Polls will show if Norway will continue to be a social welfare state or not?
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L’Oréal acquires a majority stake in British skincare brand Medik8
The acquisition is the latest addition to L’Oréal’s skincare portfolio, as the beauty giant seeks to cash in on the dermocosmetics boom.
What will Jonathan Anderson bring to Dior as new creative director?
After stepping down from the role as creative director of luxury fashion house Loewe, Northern Ireland-born Jonathan Anderson has been appointed as creative director of both the women's and men's collections at Dior – becoming the first person to take on the dual role since Christian Dior himself.
Are Europe's luxury handbags all produced in China?
The US and China’s ongoing trade war has taken to TikTok and European fashion houses have found themselves sandwiched in the middle.
LVMH CEO criticises Brussels bureaucrats as US-EU tensions simmer
French businessman Bernard Arnault warned trade tensions with the US would wreak havoc on European businesses — criticising Brussels' negotiation skills.
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How Trump’s tariffs are dampening hopes of a luxury sector revival
The global luxury sector, which has been facing slowing demand and an eroding customer base in the last several months, could be further hit by the escalating trade war between China and the US.
Hermès leaves wealthy clients to pay for cost of Trump tariffs
The luxury company, based in France, announced that it would be hiking prices in the US to offset the impact of US President Donald Trump’s 10% tariffs against the EU.
Cartier’s glittering legacy showcased in new V&A exhibition
From royal tiaras worn at coronations to celebrity showstoppers on red carpets, a new exhibition at London’s V&A Museum is showcasing over a century of Cartier’s most iconic and extravagant creations.
Ferrari raises prices for some models in response to Trump’s tariffs
Ferrari announced that it would increase prices for certain models up to 10% in response to Trump’s 25% auto tariffs on European car imports. The company added that its 2025 profit margins face a potential 50 basis-point reduction risk.
Prada sales soar as it eyes Versace acquisition despite luxury crunch
Robust earnings place the brand in a stronger position to acquire Versace from Capri Holdings.
Luxury carmaker Aston Martin to cut 170 jobs after another annual loss
Job losses are expected to save Aston Martin £25 million as it struggles with supply chain disruptions, inefficiencies, and weak Chinese demand.
Northern Ireland hotel takes a punt on €1,200 cocktail – who’s buying?
The Merchant Hotel's new tipple has been described as a "masterpiece of Irish whiskey" - but is there a market at €1,200 a pop?
LVMH earnings highlight uneven recovery in the luxury goods sector
LVMH posted subdued quarterly results due to continued weakness in the fashion and leather goods segment. The results slightly exceeded analysts' estimates for overall performance.
LVMH sells Stella McCartney minority stake as luxury sector struggles
LVMH has already sold the streetwear fashion brand Off-White recently, as well as its stake in Cruise Line Holdings amid dampened global demand for luxury goods and falling Chinese sales.
Jaguar Land Rover invests in custom paint services for luxury clients
Wealthy clients will be able to match their car's palette with their private jet or yacht colours, added the company statement.
European luxury stocks rally as Richemont posts record quarterly sales
Richemont reported strong quarterly results, driven by festival sales, despite ongoing weak demand in China. The robust earnings lifted rival share prices, buoying the European luxury sector on Thursday.
Lamborghini delays the launch of its first electric model to 2029
The Italian carmaker believes the market is not ready for the brand's fully electric luxury car.