Latest in Luxury Sales
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LVMH watch and jewelry CEOs see luxury sales picking up in 2025
After a year of declines, sales of watches and jewelry at luxury giant LVMH rebounded in the latest quarter and continued to shine into January, according to several of the company’s brand CEOs.NBC News - 2h -
LVMH watch and jewelry CEOs see luxury sales picking up in 2025
The CEOs of Tiffany & Co., TAG Heuer and Bulgari and the director of watches for Louis Vuitton weigh in on China sales, tariffs and luxury best-sellers.CNBC - 5h -
Luxury slowdown? Not at haute couture
Alessandro Michele made his couture debut at Valentino and Schiaparelli revived the corsetFinancial Times - 13h -
A young couple paid for a luxury maternity home. Then it suddenly closed
In China, consumers often have little recourse when things go wrong. This time they investigatedFinancial Times - 13h -
Shares of LVMH drop 5% as full-year results throw doubt on broad luxury recovery
LVMH shares dropped as slightly better-than-expected full-year results from the world's largest luxury company threw doubt over a broader sector recovery.CNBC - 2d -
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World's largest luxury group LVMH posts better than feared full-year sales
The world's largest luxury company LVMH on Tuesday reported better-than-expected full-year sales, in the strongest sign yet of a potential turnaround in the high-end sector.CNBC - 3d -
Which Says Luxury: Specialty Work or Gobs of Gems?
Brands still pile on the glitter, but skills such as enamel and miniature work have become the real distinguishing characteristics of high-end watches.The New York Times - 5d -
Knife-wielding robber who stole £4m of luxury cars caught after online boasts
Kyle Camp and his gang threatened owners at home and stole £4m worth of cars in Greater Manchester.BBC News - 6d -
New Luxury Hotel in Serbia Will Be a Trump-Kushner Joint Project
The plan illustrates the continued ambitions of the Trump family to forge new international deals even as President Trump has returned to the White House.The New York Times - 6d -
Luxury brands urge return of UK tax-free tourist shopping
Watch and jewellery companies report double-digit falls in sales to foreign visitors since measure was abolished post-BrexitFinancial Times - Jan. 24 -
GM reveals new performance Cadillac Lyriq as it plans to lead EV luxury sales in 2025
DETROIT — General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq, as the Detroit automaker targets becoming the top-selling luxury EV brand this ...NBC News - Jan. 23 -
GM reveals new performance Cadillac Lyriq as it plans to lead EV luxury sales in 2025
General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq.CNBC - Jan. 23 -
For drag queen talk show host Delta Work, the phrase 'luxury public access' is more than a manifesto
On Thursday, Delta is celebrating her birthday and her podcast's 2025 kickoff with an installment of 'Very Delta Live' at Hamburger Mary's in Long Beach.Los Angeles Times - Jan. 23 -
2025 Travel: Luxury Resorts Prioritize Privacy and Being Worth the Expense
Even travelers of means want their money’s worth as they go farther afield, avoiding crowds and heat waves.The New York Times - Jan. 22 -
Cruz expects to see TikTok sale under Trump
Sen. Ted Cruz (R-Texas) said Monday that he expects to see TikTok sold under President-elect Trump, as the incoming president has vowed to protect the app. “Well, the statute allowed for a 90-day ...The Hill - Jan. 20 -
Wine sales drying up as Americans turn elsewhere
U.S. wine sales continued a multiyear decline in 2024, which experts attribute to shifting demographics, health concerns, new competition and economic forces.NBC News - Jan. 19 -
British retail sales unexpectedly drop in December
Pound falls and gilts rally as investors bet on more interest rate cutsFinancial Times - Jan. 17 -
Luxurious Pompeii spa complex unearthed after 2,000 years
A huge private bathhouse is found after lying hidden for 2,000 years under volcanic rock and ash.BBC News - Jan. 17 -
Luxury’s ‘America first’ moment
Flush stock market investors and newly-minted crypto bros have clearly been busy with festive shoppingFinancial Times - Jan. 17 -
Why ’Succession’-style ‘quiet luxury’ may need to go away to revive luxury goods
Winning back shoppers and reviving the luxury-goods industry’s sales will depend in part on ditching the plain, understated tones of the “quiet luxury” trend, BofA analysts said.MarketWatch - Jan. 16 -
Abercrombie sale: Everything worth buying now
At Abercrombie, you can save up to 50% off sitewide — including clearance items. We rounded up our editors’ favorite mens and womens pieces from the sale.NBC News - Jan. 16 -
EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024
DETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the U.S. for the first time last year — marking a landmark year for “green” vehicles but coming ...NBC News - Jan. 16 -
Richemont stock is surging by the most ever. Other luxury plays are jumping too.
The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales as it blew by analyst estimates.MarketWatch - Jan. 16 -
Luxury goods groups drive European stocks to highest level in a month
LVMH and Hermès push up Cac 40 after Richemont’s better than expected salesFinancial Times - Jan. 16 -
Stormers dent Sale's chances of qualification
Stormers cruise past Sale Sharks to claim a bonus-point victory and kickstart their Investec Champions Cup campaign in round three.BBC News - Jan. 11 -
DC's Amazon lawsuit reminds us that safety is a luxury for Black Americans
While America was getting more violent, it was Black Americans who felt the increase most acutely.The Hill - Jan. 11 -
Italy’s luxury wineries rely on illegal migrant workers
Barolo, Barbaresco and other high-end wines made in Langhe region grapple with dependence on undocumented labourersFinancial Times - Jan. 10 -
As Art Sales Fall, Christie’s and Sotheby’s Pivot to Luxury
With both supply and demand for big-ticket art in a slump, Sotheby’s and Christie’s are making major bets on selling handbags, classic cars and niche experiences.The New York Times - Jan. 9 -
Greggs shares drop on sales slowdown
UK bakery chain blames ‘subdued high street footfall’ for weaker earningsFinancial Times - Jan. 9 -
British luxury carmaker Rolls-Royce says super rich fueling a demand boom for bespoke models
BMW-owned Rolls Royce Motor Cars, like other luxury car brands, has seen an uptick in demand for bespoke and complex car models in recent months.CNBC - Jan. 8 -
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December sales provide little cheer for retailers
Black Friday boosted monthly sales, but overall 2024 was a lacklustre year for retail, figures show.BBC News - Jan. 7 -
Biden plans $8bn arms sale to Israel
Last-minute show of support for US president’s close ally as he nears his final days in officeFinancial Times - Jan. 4 -
‘There will be a bit of a slump’: London braced for luxury hotel glut
Biggest number of room openings in more than a decade prompts concerns about oversupply and price cutsFinancial Times - Jan. 4 -
Biden Blocks Sale of U.S. Steel to Nippon Steel
The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership from political leaders and the United Steelworkers union.The Wall Street Journal - Jan. 3 -
Biden blocks US Steel sale
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Biden blocks US Steel sale President Biden has announced he will block the sale ...The Hill - Jan. 3 -
Thai PM declares luxury handbags, watches among $400 million in assets
Thailand's youngest-ever leader has more than 200 designer handbags worth over $2 million, as well as property in London and Japan, her party said.CBS News - Jan. 3 -
Tesla sales declined for first time in a decade
Tesla sales for 2024 declined for the first time in 10 years despite enticing financing offers and low-priced leases. CBS MoneyWarch correspondent Kelly O'Grady has more on the alarming trend. ...CBS News - Jan. 2 -
Tesla's annual sales drop for the first time in a decade
Tesla's increase in global sales in the fourth quarter was not enough to overcome a sluggish first half of the year.CBS News - Jan. 2
