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Cartier-owner Richemont reports 6% quarterly sales rise

Swiss luxury group Richemont said today its quarterly sales rose 6%, as wealthy shoppers continued to buy jewelry from its Cartier and Van Cleef & Arpels labels.
Business • 16 Jul

Burberry's profit slumps 34% as luxury demand slows

Burberry has today reported a 34% drop in annual operating profit after it faced the challenge of repositioning its brand to take it more upmarket against a backdrop of slowing luxury demand.
Business • 15 May 24

Hermes quarterly sales jump 17% on strong China demand

Birkin bag maker Hermes has today reported a 17% surge in first-quarter sales, sustaining a rapid growth rate from the previous quarter including in China, and underlining strong demand for high end luxury.
Business • 25 Apr 24

Prada's sales up 16% in first quarter as Miu Miu shines

Revenues at Italian luxury group Prada rose by 16% at constant exchange rates in the first quarter, driven by a jump in Miu Miu sales and continued growth in Asia.
Business • 24 Apr 24

US sues to block Coach & Michael Kors handbag makers deal

The US Federal Trade Commission has sued to block Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate "direct head-to-head competition" between the flagship brands of the two luxury handbag makers.
Business • 23 Apr 24

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