Global Luxury Slowdown

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 - 7 hours ago

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

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 - Yesterday

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 Japan

Business - 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

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 - Yesterday

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

Coty Joins Competitors in Warning of Beauty Sales Slowdown

The cosmetics company, whose portfolio of brands includes Max Factor and Lancaster, on Monday said retailers are tightening their inventories as mass beauty sales continue to see slow growth ...

Business - The Wall Street Journal - October 14

Chinese economic slowdown deepens, official figures show

Gross domestic product rose by 4.6% on a yearly basis, below Beijing's "around 5%" annual target.

This luxury capitulation has barely begun

Investors greeted LVMH’s disappointing sales with surprising aplomb

Business - 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 know

World - Financial Times - October 22

Oil price slides amid China slowdown and easing Middle East fears

Brent crude slides by almost $3.50 a barrel to below $74 after Opec cuts forecasts for demand growth. Business live – latest updates Global oil prices have tumbled by almost $3.50 a barrel ...

World - The Guardian - October 15

FirstFT: Harris calls on America to ‘turn the page’ on Trump

Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after results

World - Financial Times - Yesterday

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 stock falls on slumping luxury sales in China

LVMH Moët Hennessy Louis Vuitton said a slowdown in Chinese spending had hit its third quarter sales

Business - MarketWatch - October 16

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 deepens

Business - Financial Times - October 18

Hermès defies luxury gloom with strong sales

Paris house posts solid growth in contrast to rivals Kering and LVMH

Business - 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 slowdown

Business - 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 - 6 days ago

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.

The problem with the term ‘global majority’

Endless searching for a label to describe ethnic minority groups is ultimately futile

World - Financial Times - 2 days ago

Louis Vuitton owner LVMH reports surprise sales drop amid China slowdown

Shares in LVMH, which also owns Dior, Tiffany and Moët & Chandon, fell by as much as 7%, briefly hitting two-year low. Shares in luxury goods brands slumped after Louis Vuitton ’s LVMH reported an ...

World - The Guardian - October 16

10-, 30-year Treasury yields drop again after GDP data opens door to Q4 slowdown

Yields on long-dated Treasurys closed lower on Wednesday after a weaker-than-expected reading on third-quarter U.S. economic growth gave way to the possibility of another slowdown in the final ...

Business - MarketWatch - 23 hours ago

‘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 prices

World - Financial Times - October 15

LVMH shares down 7% after warning of ‘uncertain’ outlook

World’s largest luxury group hit by pullback in Chinese consumer spending

Business - Financial Times - October 16

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.

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 reforms

Business - Financial Times - 4 days ago

Why do people queue up outside luxury stores?

For brands, controlling footfall improves security, creates an air of exclusivity and weeds out casual shoppers

World - Financial Times - 2 days ago

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.

It’s localization, not globalization, for the health of the US economy

The U.S. is undergoing a transformative shift away from globalization and toward localization, with initiatives such as the Inflation Reduction Act and the CHIPS and Science Act prioritizing ...

Politics - The Hill - October 17