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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.

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.

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.

Lifestyle

Everything you missed on day two of Paris Haute Couture Week

Day two of Paris Haute Couture brought champagne celebrations, theatrical elegance and timeless tailoring from the likes of Giorgio Armani, Stéphane Rolland and Alexis Mabille.

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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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.