Latest in Fall Luxury's China
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LVMH stock falls on slumping luxury sales in China
LVMH Moët Hennessy Louis Vuitton said a slowdown in Chinese spending had hit its third quarter salesBusiness - MarketWatch - October 16 -
Richemont Sales Fall as Luxury's China Woes Linger
The Cartier owner said weaker consumer spending in China hit sales as a luxury downturn that is hurting most of the players in the industry rumbles on.Business - The Wall Street Journal - 11 hours ago -
Luxury goods shares fall as China slowdown hits LVMH
Owner of Louis Vuitton and Dior brands reports 16% drop in third-quarter sales in Asia excluding JapanBusiness - Financial Times - October 16 -
‘800lb gorilla’: luxury brands battle China’s hit grey-market app
Sales of top brands on DeWu make up estimated 70% of country’s grey market as consumers hunt for lower pricesWorld - Financial Times - October 15 -
Ferrari reiterates guidance as China deliveries fall sharply
Ferrari on Tuesday reiterated guidance that it had increased earlier in the year as the sports-car maker said shipments fell sharply in China.Business - MarketWatch - 3 days ago -
AstraZeneca shares fall as China probe intensifies
Investigation of group’s China chief Leon Wang comes after several employees were found guilty of fraudWorld - Financial Times - 2 days ago -
Oil prices fall after China stimulus disappoints
Oil futures fell Friday, with weakness tied in part to disappointment in China’s latest round of stimulus measures.Business - MarketWatch - 2 hours ago -
Europe falls behind China in playing host to clinical drug trials
Pharmaceutical companies turn to jurisdictions with simpler regulatory regimesBusiness - Financial Times - October 21 -
Porsche AG Sales Fall Amid Slow EV Market, China Woes
Porsche AG posted lower sales and operating profit as it faced challenges in China and a slower-than-expected shift to electric vehicles.Business - The Wall Street Journal - October 25 -
Beyoncé brings star power as Kamala Harris touts ‘freedom’ in Texas
Vice-president seeks to energise women voters as White House race against Donald Trump tightensBusiness - Financial Times - October 26 -
Nasdaq hits record high as tech stocks rebound from summer sell-off
Sharp turnaround from 15% slide as investors make ‘heads I win, tails you lose’ betBusiness - Financial Times - October 25 -
China’s kindergarten numbers shrink as policymakers struggle to arrest falling birthrate
Various measures designed to encourage people to have more children have had limited success. The number of kindergartens in China fell by more than 5% last year, the second year in a row that ...World - The Guardian - October 28 -
PwC profits fall in Asia after scandals in China and Australia
Big Four firm reports slower global growth as regional woes compound consulting industry slowdownBusiness - Financial Times - October 29 -
Luxury Fashion as Political Propaganda
In fights to sway public sentiment, critics often point to costly clothes as evidence of moral corruption.Lifestyle - The New York Times - October 24 -
U.S. crude oil prices fall more than 2% after OPEC cuts demand forecast again
Soft demand in China has weighed on the market for months.Business - CNBC - October 14 -
China's economy grows at a 4.6% rate in the last quarter, falls short of the official 5% target
China has reported that its economy expanded at a rate of 4.6% in the July-September quarterWorld - ABC News - October 18 -
The U.S. Army Prepares for War With China: New Vehicles, Face Paint and a 1,200-Foot Fall
The big and cumbersome Army is trying to transform itself to deploy quickly to Asia, if needed. It is an inherently dangerous business.World - The New York Times - October 30 -
This luxury capitulation has barely begun
Investors greeted LVMH’s disappointing sales with surprising aplombBusiness - Financial Times - October 16 -
Which luxury train crew are you?
From the Venice Simplon-Orient‑Express to The Ghan Expedition, it’s never been easier, or chicer, to travel by rail. Here are the carriages to knowWorld - Financial Times - October 22 -
Ronaldo designs career-inspired luxury watches
Cristiano Ronaldo has unveiled his own watch collection that feature outlines of his iconic moments in his football career on the clock face.Sports - ESPN - October 15 -
LVMH Results Cast Cloud on Luxury Stocks
European luxury stocks fell after third-quarter results from industry bellwether LVMH dashed hopes that a sector recovery is under way and renewed concerns over the Chinese market.Business - The Wall Street Journal - October 16 -
Tough luxury market dims Dior’s shine
Sales stutter at LVMH brand run by Bernard Arnault’s daughter Delphine as luxury downturn deepensBusiness - Financial Times - October 18 -
Hermes Sales Rise 11% Despite Luxury Slowdown
Hermes reported a rise in sales for the third quarter but looking ahead, it cautioned about global economic, geopolitical and monetary uncertainties.Business - The Wall Street Journal - October 24 -
Hermès defies luxury gloom with strong sales
Paris house posts solid growth in contrast to rivals Kering and LVMHBusiness - Financial Times - October 24 -
Kering and Hermès tell tale of luxury inequality
While the owner of Gucci and YSL brands is spluttering, Hermès has defied the slowdownBusiness - Financial Times - October 24 -
An Italian Luxury House Takes Artisanship to New Heights
At Bottega Veneta, craftspeople are celebrated as much for their creativity as for the quality of their leather work.Lifestyle - The New York Times - October 25 -
In Rome, the water is back in the Baths of Caracalla, a luxurious spa
The Baths of Caracalla in Rome were one of the most luxurious spas the world has ever known. Now, for the first time in some 1,500 years, water is back.Top stories - CBS News - October 26 -
Prada's Miu Miu Continues to Defy Luxury Slowdown
Prada posted an increase in revenue, buoyed by the popularity of its Miu Miu brand, and continues to buck a downturn in demand for high-end goods that is particularly acute in China.Business - The Wall Street Journal - October 30 -
How Hermès is bucking the global luxury slowdown
Paris-based luxury house Hermès has reported strong financial results despite a global slowdown that has affected competitors LVMH and Gucci owner Kering.Business - CNBC - October 31 -
Shoppers warned over luxury advent calendar scams
The consumer group Which? is urging shoppers looking for a good deal to beware of fake offers.Top stories - BBC News - 3 days ago -
LVMH shares down 7% after warning of ‘uncertain’ outlook
World’s largest luxury group hit by pullback in Chinese consumer spendingBusiness - Financial Times - October 16 -
Brunello Cucinelli Backs Growth Targets as Sales Defy Luxury Slowdown
The fashion concern said its performance improved in both its retail and wholesale channels, with increased revenue across all its markets, in particular in the Americas.Business - The Wall Street Journal - October 17 -
This luxury smart oven is the best toaster oven I've ever used
The Tovala Smart Oven Pro can bake, air fry, toast, steam, broil and reheat. It also has a meal delivery service with select gluten-free and carb conscious options that are quick and easy to make.Top stories - NBC News - October 23 -
Luxury, defence and construction companies hit by French tax hike
Chief executives warn that Michel Barnier’s plan will reverse Emmanuel Macron’s business-friendly reformsBusiness - Financial Times - October 27 -
Why do people queue up outside luxury stores?
For brands, controlling footfall improves security, creates an air of exclusivity and weeds out casual shoppersWorld - Financial Times - October 29 -
New York City woman found murdered at luxury Hamptons resort and spa
A slain woman's body was found in a guest room at a chic spa and resort in the Hamptons in New York, authorities said Tuesday.Top stories - NBC News - October 29 -
Prada continues to defy luxury slowdown as Miu Miu sales boom
Italian group bucks gloom but warns that conditions in Asia are becoming ‘more challenging’Business - Financial Times - October 30
