Kering Group Q3 revenues up 28.4 percent

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Surging demand for Gucci’s accessories and colorful designs helped French parent Kering Group beat sales forecasts in the third quarter, as some of the luxury industry’s biggest companies ride a recovery in demand from Chinese consumers. Kering, which also houses … Read More

Louis Vuitton and Hermès lead Interbrand ranking

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Among luxury players, Louis Vuitton held its top position, while Hermès and Gucci climbed, Burberry and Prada slipped, and Ralph Lauren dropped off the list entirely. While Apple, Google, and Microsoft are the three most valuable brands, Louis Vuitton held … Read More

Among Luxury Brands, Instagram Is the Top Engagement Platform

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PMX Agency’s latest report reveals top luxury brands and web sites In its annual Luxury Brands Online report, the PMX Agency noted the growth and influence of Millennials and Generation X in the luxury space as well as the influence … Read More

High-End Malls in Top Cities Are Where the Chinese Go to Buy Luxury, Offline

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Luxury brands should expand their store networks in China’s first-tier cities such as Beijing, Shanghai and Shenzhen because shopping malls there are where the country’s wealthy people really go to spend money on luxury goods. The Chinese site Fashion Note compared … Read More

Luxury retailer MatchesFashion sold for $ 1 billion

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MatchesFashion has been purchased by private equity firm Apax Partners at a reported $1 billion, according to The Business of Fashion. Founders of the lifestyle purveyor Tom and Ruth Chapman, as well as existing venture capital backers Scottish Equity Partners (SEP) and Highland Europe, … Read More

Why luxury brands no longer give China’s online marketplaces the cold shoulder

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The world’s biggest luxury brands are increasingly jumping into China’s US$751 billion e-retail market The world’s biggest luxury brands have had a change of heart towards China’s online marketplaces, which they once saw as a no-win battleground of counterfeit sellers, … Read More

LVMH’s watch brands could maintain double-digit growth in the second half of 2017

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Sales of LVMH‘s watch brands could maintain their double-digit percentage growth in the second half of 2017, despite tougher year-on-year comparisons, the head of the luxury company’s watch business said on Thursday. Watch and jewellery sales at the world’s biggest … Read More

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