PARIS French luxury goods group Hermes said sales growth slowed in the first three months of the year after attacks in Brussels and Paris put off some tourists and an economic slowdown in China weighed on demand.
LONDON Britain's benchmark shares index fell on Friday as a drop in mining stocks and luxury goods group Burberry weighed on the market, which recorded its first weekly loss in a month.
MILAN Salvatore Ferragamo's Chief Executive Michele Norsa will leave his post by the end of the year after a decade at the helm of the Italian luxury goods maker, the company said in a statement on Thursday.
PARIS French luxury group Kering's flagship Gucci brand posted a lower-than-expected rise in first-quarter sales on Thursday amid a difficult environment for the luxury sector.
DUBAI When Dubai businesswoman Negin Fattahi-Dasmal opened the first branch of her luxurious nail salon chain in Iran this year, it was met with both excitement and scepticism among image-conscious young Iranians.
LONDON Bulgari, the flagship jewellery brand of luxury industry leader LVMH , sees growth picking up in the second half of the year after sales suffered following the attacks in Paris in November."If we keep that traction through the summer, the second half could indeed be much stronger in terms of growth rate," Chief Executive Jean-Christophe Babin told Reuters in a interview at the company's newly refurbished flagship store in central London.
LONDON British luxury fashion brand Burberry said tough conditions would hit profit in the year ahead after a drop in tourist spending in continental Europe and weak demand in Hong Kong depressed sales in recent months. | Video
LONDON Britain's top share index edged down on Thursday from its highest close this year, driven by a tumble in fashion firm Burberry after it reported falling sales and warned of tough trading conditions.
MILAN/PARIS Italy on Wednesday became the first European country to take steps to help its fashion industry build a stronger presence in Iran following the lifting of Western sanctions.
PARIS Luxury goods industry leader LVMH on Monday posted first-quarter sales below forecasts as tourist shopping in key markets such as France and Hong Kong remained low.