The global luxury market shrank 2% in 2024, the first decline in 15 years. Rising prices and economic angst are hurting spending, retail and luxury experts told BI. The luxury market is losing a ...

The super-rich ended 2024 on a luxury ... spike in sales of properties over $10 million in glamorous cities around the globe. Realtor.com reported the trend, citing data by global real estate ...

HSBC now expects organic luxury sales to be flat this year, compared with earlier estimates of a 5% year-over-year increase, the Financial Times reported.

Shares of LVMH plunged 7% on Tuesday morning after the world's largest luxury group posted ... Fashion and leather goods sales slid 5%, while watch sales were flat. The results pulled down the ...

Shares of LVMH plunged 7.8% on Tuesday, losing its position as the world's largest luxury firm to rival ... slid 5%. Sales of watches were flat. Europe was the only region to record growth ...