Richemont doubles dividend on jewellery performance Cartier maker Richemont is proposing to double its dividend after net profit rose by a third in its fiscal year 2020/21, helped by a strong ... Business • 21 May
Moet Hennessy buys 50% stake in Jay-Z's champagne LVMH, the world's biggest luxury goods company, has agreed to buy 50% of Armand de Brignac, the champagne brand owned by rapper Jay-Z. Business • 22 Feb
LVMH, Tiffany resume merger talks: reports LVMH and Tiffany have revived talks to try to resuscitate their merger, which has been on shaky ground since late summer, a person close to ... Business • 27 Oct 20
Louis Vuitton owner flags turnaround after sales slump LVMH's shares fell today, weighing on the broader European luxury goods sector, after the Covid-19 pandemic tore a hole into the Louis Vuitton owner's second-quarter ... Business • 28 Jul 20
Burberry to cut 500 jobs as demand faces slow recovery Luxury brand Burberry said today it would cut about 500 jobs globally, as it forecast no quick recovery in demand, particularly from high-spending tourists. Business • 15 Jul 20
Coronavirus to take shine off global luxury business The global luxury business is set to suffer from dwindling numbers of Chinese buyers, the world's biggest consumers of luxury goods, due to a lockdown ... Business • 07 Feb 20
Moncler CEO says no concrete M&A option for now The chief executive and top shareholder of Italy's puffer jacket maker Moncler said today there was no concrete tie-up option under consideration. Business • 05 Dec 19
LVMH's strong Q3 numbers lift European luxury stocks Shares in LVMH rose this morning, lifting up other European luxury goods stocks, after the Louis Vuitton owner posted higher-than-expected third quarter sales. Business • 10 Oct 19
New designer's ranges help lift sales at Burberry UK luxury brand Burberry has reported a pick-up in first quarter sales after it began shifting more new designs by creative chief Riccardo Tisci into ... Business • 16 Jul 19
Hermes sees no changes to sales trend as profits rise Handbag maker Hermes, one of the luxury brands still riding high on strong demand from Asian clients, said today it had not observed any change ... Business • 20 Mar 19
Richemont highlights volatile consumer demand Luxury goods group Richemont said today that economic and geopolitical uncertainties were weighing on customer sentiment. Business • 09 Nov 18
Gucci fuels booming sales at luxury firm Kering Booming sales growth at French luxury group Kering got even faster in the first quarter, as red-hot demand for its Gucci clothing and handbags was ... Business • 25 Apr 18
Vuitton owner LVMH posts Q1 sales surge Shares in France's LVMH rose over 5% to record highs today after the Louis Vuitton owner posted better than expected sales growth in the first ... Business • 10 Apr 18
Prada shares soar 20% as firm returns to sales growth Shares in Prada surged 20% today after the Italian luxury goods maker said it had stemmed a slide in sales in the second half of ... Business • 12 Mar 18
Luxury goods group Hermes delivers record profit margin French luxury goods group Hermes said today it was starting 2017 on a solid footing after delivering record 2016 profits, providing further evidence of a ... Business • 22 Mar 17
Hermes enjoys small rise in third quarter sales French luxury goods group Hermes today said it saw a slight acceleration in sales growth in the third-quarter to 8.8% at constant exchange rates, up ... Business • 03 Nov 16
Burberry says sales fell in Hong Kong last year British luxury brand Burberry cautioned today that a fall in sales in the key market of Hong Kong in the last quarter of 2014 could ... Business • 14 Jan 15
Burberry's first-half retail sales jump 15% Burberry today posted a 15% rise in retail revenue in its first half, reflecting a strong performance across all regions and continued digital growth. Business • 14 Oct 14
Luxury group Prada's H1 profit down 20.6% Italian luxury goods group Prada posted a 20.6% drop in first-half net profit, weighed by sluggish consumer demand. Business • 19 Sep 14
Growth stalls for Kering's top brand Gucci Sales growth at Italian luxury brand Gucci almost ground to a halt in the fourth quarter and its parent company Kering reported a steep drop ... Business • 21 Feb 14
Burberry posts strong Christmas sales British luxury brand Burberry posted a 14% rise in underlying retail revenue in the Christmas quarter. Business • 15 Jan 14
Burberry second half boosted by China demand Burberry today posted a 10% rise in fourth quarter revenue as strong demand for its more expensive products in China helped it beat sales forecasts ... Business • 17 Apr 13
Burberry's third-quarter revenue up 9% UK luxury brand Burberry beat forecasts with a 9% rise in third quarter underlying revenue after a particularly strong week in the run up to ... Business • 15 Jan 13
Mulberry profit warning savages shares British group Mulberry has become the latest luxury fashion brand to warn on profit. Business • 23 Oct 12
