Burberry's Q4 sales jump 16% as China rebounds British luxury fashion brand Burberry has today reported stronger-than-expected fourth quarter sales, boosted by a rebound in its largest market China following three years of … Business • 18 May
Richemont sales boosted by China bounceback Luxury goods group Richemont has today beaten expectations after high demand from Chinese consumers for jewellery and watches boosted sales over the three months to … Business • 12 May
LVMH's sales defy downturn as shoppers splurge Luxury goods group LVMH's sales rose 9% in the fourth quarter as shoppers in Europe and the US splurged over the crucial Christmas season, helping … Business • 27 Jan
Tourist spend and China helps Burberry beat forecasts British luxury brand Burberry said quarterly comparable store sales rose 11%, a jump on its prior quarter and beating market forecasts, boosted by increased tourist … Business • 17 Nov 22
Ralph Lauren, Capri beat revenue estimates Ralph Lauren and Michael Kors-owner Capri Holdings have today beaten quarterly revenue estimates, underscoring the unwavering demand for luxury goods from high-income consumers amid decades-high … Business • 09 Aug 22
LVMH shares edge higher as sales and profits rise LVMH's shares eged higher today after the world's biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and … Business • 27 Jul 21
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 21
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 21
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
