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 ...

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 ...

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% 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 ...

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 7.8% 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 ...

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 ...