Flat global luxury sales forecasts follow a pent-up post-pandemic spending surge that pushed sales during the 2021-23 period up 24% over 2019 levels. Last year, sales of personal luxury goods grew ...

The world’s wealthiest are continuing to adorn themselves with the finest jewelry even as broader luxury shoppers pull back.

MILAN/PARIS (Reuters) - Sales of luxury goods worldwide are likely to fall between 2% and 5% this year, consultancy Bain & Co ...

The luxury bubble bursts with a 2% market drop in 2024 as middle-class shoppers abandon high-end purchases amid economic woes ...

First quarter earnings from LVMH, Burberry and other posh brands were down, but advisors don't see their HNW clients changing ...

The luxury boom is slowing, hurt by a pullback in spending among middle-income households. The global luxury market shrank 2% in 2024, the first decline in 15 years. Rising prices and economic ...

PARIS (Reuters) - Growing fears that Donald Trump's tariff blitz will plunge the world into recession are dashing hopes in the $400-billion-a-year luxury ... to report flat sales, according ...

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 ...

LVMH lost its position on Tuesday as Europe’s largest luxury company in terms of market capitalization after being overtaken by rival Hermès due to investor pessimism after disappointing first ...

MILAN/PARIS, May 14 (Reuters) - Sales of luxury goods ... economic turbulence following a global flare-up in trade tensions. While the large majority of luxury shoppers polled by the consultancy ...