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Luxury goods sector
August 2024
Tell us: are you splurging on luxury goods you can ill afford?
We’d like to hear from people who have been purchasing luxury goods and experiences in recent years, and how they feel about their spending habits
July 2024
Shares in LVMH and Kering down as shoppers rein in luxury spending
Shares down 4.4% on Wednesday as demand for fashion, watches, leather goods, perfumes and cosmetics slows
Hammerson sells £1.5bn stake in Bicester Village owner to private equity firm
Property company will use some of proceeds with LVMH-backed investor L Catterton to pay down debt
Burberry must end emphasis on shock factor and focus on being loved again
New CEO needs to join dots between avant garde catwalk looks and what customers want from British group
June 2024
What cost-of-living crisis? Australians splashing the cash on luxury bags, health clubs and art
While most of the country is being hammered by rising prices of everything from rent to food, the top end is still flush – and spending
May 2024
‘Sorry, no one is in’: few are at home for Margaret Hodge’s ‘kleptocracy walking tour’
Campaigning Labour MP knocks on doors of wealthy London homes bought by foreign leaders who are subject to sanctions
California’s $395 pineapple highlights spike in luxury fruit market
The Rubyglow pineapple was created in Costa Rica after 16 years of research and only a few thousand are produced each year
‘Everyone wants a plane for summer’: luxury trade fair woos super-rich
Burberry profits slump by 40% as demand for luxury goods slows
Mulberry sales decline as wealthy shoppers slow spending
April 2024
Guaranteed Centre Court seats for Wimbledon? That’ll be £116,000 … each
Super-rich can avoid queues as club puts five-year debentures up for sale – applications close on Friday
Designer brands owed millions after Matchesfashion collapse
Some customers of the online fashion site, which owed more than £210m when it collapsed in March, are also unable to get refunds
Trending on tick-tock: why British watches have hit the big time
UK brands are piquing international interest and proving that a high-status timepiece need not be Swiss
March 2024
Gucci owner Kering issues profit warning after China sales slump
Matchesfashion to enter administration and cut 273 jobs
February 2024
Tax-free shopping for tourists in UK may return as government eyes rethink
Government spending watchdog asked to review costs and benefits of then chancellor Rishi Sunak’s 2020 ‘own goal’ decision
January 2024
Watches of Switzerland shares dive by a third after revenues warning
UK’s biggest Rolex and Omega seller becomes latest luxury retailer to be hit by switch in spending by aspirational shoppers
Arnold Schwarzenegger held at Munich airport over luxury watch
Customs officials reportedly charge actor €35,000 after alleged failure to declare item intended for climate charity auction
Burberry issues profit warning as Christmas shoppers shun pricey trenchcoats
British brand affected by continued slowdown in luxury demand during cost of living crisis
December 2023
Harrods opens private members’ club in Shanghai costing £16,500 a year
Private jet flights and rare whiskies on offer at 250-member club aimed at wealthy Chinese people
About 357 results for Luxury goods sector
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