Cartier opens new flagship boutique in Vienna
After a phase of intensive expansion and renovation work, the Cartier boutique in Vienna shines in new splendor. In total, the renovation of the listed building in…
Category: Luxury Retail
Rolex CEO warns of challenges in the future
Smaller watchmaking businesses may suffer a 15% drop in sales this year but still end up larger than before the post-pandemic boom, the chief executive…
Richemont Group acquires privately owned Italian jeweler Vhernier
Swiss luxury giant Richemont announced on Tuesday that it has reached an agreement to acquire 100% of Vhernier S.p.A., the Italian jewellery house, in a private transaction. Forty-year-old Vhernier…
Luxury brands prices increase alienates aspirational consumers
In the past years major luxury brands have been increasing prices focusing on the highest end of the market spectrum and targeting the most affluent…
Swiss watch exports massively soaring
For the third consecutive year, watch exports experienced strong growth in 2023, exceeding the 26 billion francs mark for the first time. But a few…
Jacob & Co opens new store in Seoul
Located in The Hyundai Trade Center Store, the Jacob & Co. Seoul boutique opens in partnership with retail leader Time Palace. The Jacob & Co. boutique hosted…
China’s luxury market expected to grow 4 to 6 percent in 2024
The fact that China’s economy may now be weakened but its domestic luxury market is almost double the size it was in 2019, with growth…
Luxury brands and retailers expect more turbulence in 2024
With wars grinding in Ukraine and the Middle East, and a record number of countries holding elections in 2024, consumers are, understandably anxious, and more…
Demand for major luxury watch brands on the decline
The biggest ever boom in Swiss luxury watches is coming to an end. For three years, the industry enjoyed a surge of renewed interest that…
Luxury retail could slow down in 2024
Following years of growth, the luxury industry might face a slowdown, according to RBC Capital Markets. LVMH’s stock price falling -7% following its quarterly results, its biggest…
Visitors cut spending on luxury goods due to Britain’s tourist tax
A new report from the British luxury council which represents around 600 businesses in London, has found that spending in the capital by tourists this…
Sluggish first quarter for US luxury retail sales
For the first quarter of 2023, the majority of luxury brands and groups saw a decline in sales in America (Kering, Burberry, Prada, Richemont etc). Hermès is one…
Les ventes de LVMH ralentissent aux États-Unis alors que la Chine rebondit
Les ventes de LVMH aux États-Unis ont diminué au deuxième trimestre, la morosité de l’économie ayant dissuadé certains acheteurs d’acheter vêtements et sacs à main…
Luxury goods, a prime investment for money launderers
Luxury goods and their potential connection to “dirty money” or illicit activities is a constant subject of scrutiny and concern. Most luxury brands have faced…
Tod’s Group welcome new generation of managers
Our children will join the company says Diego Della Valle, CEO of Tod’s Group. Arnault works a lot, in Italy I do not see the creation of…