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Business

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.

Business

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.

Business

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?

Business

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.

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Business

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.

Business

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.

Business

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.

Business

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.

Culture news

Smell like Donald Trump with his Fight Fight Fight perfumes

For nearly $200, you could have the privilege of smelling like the president-elect. Make Armpits Great Again.

Business

Luxury carmaker Aston Martin issues a profit warning - again

Aston Martin is raising millions to invest in electrification, as well as in other areas, while its core profit is expected to fall short of 2023 levels.

Business

Will the luxury goods market shrink in 2025 due to Trump tariffs?

A study says the global luxury goods market will shrink in 2025 and Trump tariffs could make it worse.

Business

Hugo Boss faces sales target delays amid weak demand in China

The German luxury brand, Hugo Boss, has warned of potential delays in reaching its ambitious 2025 sales target due to tepid consumer demand, especially in China.

Business

Hermès bags support from super-wealthy despite China slowdown

The French firm is outflanking rivals LVMH, Kering, and Burberry as demand for handbags remains strong.

Business

LVMH misses expectations as luxury stocks experience growth slowdown

Major European luxury stocks have experienced a slowdown in growth, primarily due to softened global purchasing power, particularly in China.

Business

Tesla unveils long-awaited Robotaxi - is it enough for investors?

Tesla reveals its long-awaited Robotaxi, along with a new Robovan and an upgraded version of its humanoid robot "Optimus". However, the event may not significantly boost Tesla's share prices due to the lack of information exceeding investors' expectations.

Economy

China's anti-trust tariffs over brandy come under fire

The European Commission says it will 'robustly' challenge China's decision to impose provisional antidumping measures on imports of brandy from the EU.

Business

Austria's embattled Signa Holdings sells stake in Selfridges

Saudi Arabia's Public Investment Fund is to take a 40% share in the iconic London department store in what will be Selfridges' second change of ownership in two years.

Lifestyle

Hedi Slimane steps down as Celine creative director

After seven years as creative director of French luxury fashion house Celine, Hedi Slimane is moving on.

Business

Mulberry rejects takeover bid from Mike Ashley's Frasers Group

Mulberry has recently rejected a takeover proposal from Mike Ashley's Frasers Group as too low. It insists that its own fundraising measures will be enough to stabilise the company.

Markets

European stock markets conclude lacklustre month with mixed results

European stock markets underperformed compared to their US and Chinese counterparts in September, primarily due to a lack of local catalysts and a dependence on global events. However, luxury consumer stocks excelled, driven by optimism surrounding a swift recovery in Chinese demand.