Chanel Ltd. profit plunged last year as the closely held company splurged on expanding its retail network and marketing to ...

Bain & Co. has significantly downgraded its forecast for worldwide luxury goods sales, now anticipating a 2 per cent to 5 per ...

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 ... economic turbulence following a global flare-up in trade tensions. While the large majority of luxury shoppers polled by the consultancy ...

MILAN/PARIS (Reuters) - Sales of luxury goods worldwide are likely ... braces for further economic turbulence following a global flare-up in trade tensions. While the large majority of luxury shoppers ...

The luxury bubble bursts with a 2% market drop in 2024 as middle-class shoppers abandon high-end purchases amid economic woes. Mariya B : Pexels The global ... a 1.2% retail sales drop in January ...