Gucci, Prada, Burberry, and More Luxury Brands Saw Their U.S. Sales Drop in Q2
During the pandemic, sales at luxury brands skyrocketed. But much like in the U.S. housing market, those sales are now experiencing a dip. Several luxury...
Kering Buys 30% of Italy’s Valentino as Gucci Sales Lag
PARIS, July 27 (Reuters) – French luxury group Kering, which is struggling to revive sales at its star brand Gucci, said on Thursday it...
Procos Celebrates 25 Years of Packaging Innovation Serving Luxury Brands
The manufacturer of exclusive luxury shopping bags, luxury cardboard boxes, high-end boxes for e-commerce, luxury ribbons and fabric items, is celebrating its 25th anniversary...
Rihanna Resigns as CEO of Lingerie Brand Savage X Fenty
“Diamonds” singer Rihanna is stepping down as the chief executive officer of the lingerie brand she founded five years ago. Savage X Fenty first began...
How Are Luxury Brands Creating (Even More) Scarcity in the Resale Era?
The handbag market has caused a lot of commotion over the past year: Chanel raised the price of its iconic flap bag to over $10,000, Hermès won’t sell its...
Not-so-Quiet Luxury: Antoine Arnault’s Vision for Berluti and Loro Piana
On the sidelines of the reopening of the Tiffany flagship in New York in late April, Antoine Arnault, Bernard Arnault’s eldest son, took a handful of...
LVMH Chief Bernard Arnault, Daughter Embark on China Tour
LVMH chairman and CEO Bernard Arnault has touched down in China, kicking off a flurry of interest on social media in a key market...
Angelina Jolie Embraced Quiet Luxury in a Sleek Ivory Trench Coat
Angelina Jolie has been the face of quiet luxury long before the age of Sofia Richie and stealth wealth (recall her plain white tee and maxiskirt...
U.S. ‘Aspirational’ Shoppers Are Spending Less on Fashion, Jewelry
A gulf in spending patterns between wealthy Americans and so-called “aspirational” shoppers is driving luxury retailers to search out new sources of revenue and,...
Consumer Fatigue Aside, Luxury Brands Still Jacking Prices
Luxury brand makers are continuing to raise prices despite sluggish consumer sentiment amid an economic slowdown. Chanel Korea and Louis Vuitton Korea recently raised the...