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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.

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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.

Lifestyle

From shoeboxes to Sotheby's: How sneakers took over the luxury market

The rare and vintage sneaker resale market has exploded from stored-away shoeboxes to become a global multi-billion euro industry, with designers, tastemakers, musicians and corporate behemoths all jostling to buy and sell their soles.

Lifestyle

Geneva Watch Days 2024: Over 50 brands unveil stunning creations

Geneva Watch Days 2024, held from 29 August to 2 September, showcased over 50 brands, unveiling new creations and innovations in the world of luxury watchmaking.

Lifestyle

Geneva Watch Days: Why women rule the world

At Geneva Watch Days, women's watchmaking is poised to become the star attraction of tomorrow as brands look to make up for lost time and revenue.

Lifestyle

Geneva Watch Days: Where watchmaking excellence meets innovation

Every year Geneva Watch Days brings together tens of thousands of watch collectors and enthusiasts around 52 brands for an experience which is becoming a major fixture on the watchmaking diary.

Lifestyle

Take a look at the uber-luxury supercars up for sale at Salon Privé

New fabulous four-wheeled supercars worth millions can be seen this weekend at the exclusive Salon Prive motor show at Blenheim Palace.

Business

Demand for luxury declining? LVMH half-year net profit drops 14%

Shares in LVMH Moet Hennessy Louis Vuitton SE fell nearly 5% on Wednesday morning after the luxury goods company failed to cheer investors with its latest results.

Business

Champagne makers vote for smaller harvests as sales lose their fizz

Champagne producers have also come under pressure in recent weeks, following China's decision to impose tariffs on the import of luxury goods from the EU.

Business

Hugo Boss joins firms hit by luxury spending depression

The German fashion house has cut its yearly sales guidance due to weaker demand in China.

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.