Latest in Luxury's China Woes
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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 -
China woes weigh on profits at Toyota, Honda and BMW
Even the strongest international carmakers are suffering from intense competition in the Chinese marketWorld - Financial Times - 2 days ago -
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 -
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 -
Remy Cointreau Warns of Sales Plunge as U.S., China Woes Persist
The maker of Remy Martin and Cointreau ditched its forecast of a gradual organic sales recovery over the course of the year to March 2025 and projected, instead, a decline in the double-digit ...Business - The Wall Street Journal - October 25 -
‘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 -
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 -
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 -
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 -
Jones spars with radio hosts over Cowboys' woes
Cowboys owner Jerry Jones got heated during his weekly radio appearance Tuesday on 105.3 The Fan in Dallas.Sports - ESPN - October 15 -
Stellantis Car Deliveries Slump on U.S. Woes
Stellantis vehicle deliveries fell 20% in the third quarter as the Jeep and Ram-maker began to take measures to address excess inventory in the U.S.Business - The Wall Street Journal - October 16 -
Clase 'surprised' by woes, confident despite loss
Star Guardians closer Emmanuel Clase has now given up six hits and four runs in his past two postseason appearances, this after posting a 0.61 ERA during the regular season.Sports - ESPN - October 19 -
Mbappé woe as Barcelona thrash wasteful Madrid
Robert Lewandowski scored twice and Lamine Yamal added a third goal to ruin Kylian Mbappé's first Clásico as Barcelona romped to a 4-0 win over Real Madrid on Saturday.Sports - ESPN - October 26 -
AD injures foot as Lakers' road woes continue
Anthony Davis will have his foot evaluated after he aggravated an injury late in the fourth quarter of Monday's loss at Detroit.Sports - ESPN - 3 days ago -
Source: Madrid woe as Tchouaméni out for month
Real Madrid midfielder Aurélien Tchouaméni will be out of action for a month, a source has told ESPN, after spraining his ankle in the club's 3-1 Champions League defeat to AC Milan.Sports - ESPN - 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 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 -
Power outages plague Cuba as Hurricane Oscar adds to island's woes
Millions of Cubans were enduring electricity blackouts as the government struggled to restore services. Hurricane Oscar, striking the east as a Category 1 storm, added to the disruption.Top stories - NBC News - October 21 -
Colorado Avalanche Goalie Woes Prompt NHL Trade Rumors
Multiple intriguing NHL goalies came up in trade speculation while the Colorado Avalanche continue to struggle with netminding early in the campaign.Sports - Yahoo Sports - October 21 -
England's defensive woes in loss to Germany raise alarm about Euros readiness
The Lionesses conceded four goals in a loss that forces England's coach to answer questions.Sports - ESPN - October 27 -
Airbus sticks to aircraft production target despite supply chain woes
Board plans to propose renewing Guillaume Faury’s mandate as chief executive next yearBusiness - Financial Times - October 30 -
Morning Report — To election’s bitter end, it’s about wallets and woes
In today’s issue: Americans still believe the economy, or at least their finances, are a wreck. Former President Trump while campaigning Wednesday called the economy “a disaster” and promised that ...Politics - The Hill - October 31 -
Europe's Auto Woes Continue as Michelin, Schaeffler Plan Job Cuts
Michelin and Schaeffler said they plan to close factories and cut thousands of jobs in Europe as car-part suppliers reel from weakness in the automotive sector.Business - The Wall Street Journal - 3 days ago -
Rolls-Royce sticks to outlook despite supply chain woes
UK aerospace group buoyed by post-pandemic surge in international travelWorld - Financial Times - Yesterday -
Northern’s rail woes expose challenge of reform — and a stuck nation
No quick fix for underperforming operator, plagued by outdated fax machines and voluntary overtimeWorld - Financial Times - Yesterday -
Democrats Begin the Blame Game, and What Happens to Trump’s Legal Woes
Plus, pickleball’s Super Bowl.Top stories - The New York Times - Yesterday -
Leonardo Revenue Beats Forecasts, But Blames Boeing's Woes For Not Raising Guidance
Growth was fueled by the defense electronics division as well as data processing for intelligence and cyber security. The company’s helicopters unit continued receiving strong orders, Leonardo said.Business - The Wall Street Journal - 23 hours 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
