Compagnie Financiere Richemont SA on Friday struck an upbeat tone despite macro uncertainty ahead as second-quarter sales recovered in Asia-Pacific. The Swiss luxury-goods group CFR, +3.23%, which counts jeweler Cartier Read more
Tag: Luxury Goods
Hugo Boss lifts outlook after forecast-beating earnings and sales
Hugo Boss AG on Thursday raised its sales and earnings expectations for the full year as top-line growth fuelled higher profits in the third quarter. The German premium-fashion firm BOSS, Read more
This Lay’s x Balenciaga potato chip bag reportedly costs $1,800. Who’s biting?
Betcha can’t afford even just one. PepsiCo-owned PEP, +1.61% Frito-Lay’s potato chips has tongues wagging over its handbag collaboration with luxury fashion line Balenciaga. Why? Well, the floppy leather clutch Read more
The opulent 2023 Genesis G90 goes toe-to-toe with its German rivals BMW and Mercedes
The 2023 Genesis G90 is a highly appealing and more affordable alternative to more expensive full-size German luxury sedans. It enters an all-new generation for 2023. Pricing starts at $88,400. Read more
Burberry chief creative officer Riccardo Tisci to step down
Burberry Group PLC BRBY, +3.03% said that Chief Creative Officer Riccardo Tisci will step down at the end of September, to be replaced by Daniel Lee. The U.K. luxury brand Read more
Ralph Lauren looks to boost profit margins after years of restructuring
Ralph Lauren Corp. aims to buy back more stock and boost its profit margins as it benefits from strong consumer demand after years of restructuring. The New York-based luxury retailer on Monday Read more
RealReal blames the ‘Great Resignation Part Two’ for mixed results, downbeat outlook
Shares of RealReal Inc. fell Wednesday, after the luxury goods reseller blamed a sales labor shortfall and a shift in demand to lower-priced items for its mixed second-quarter results and Read more
Hugo Boss profits double as Americas sales surge
Hugo Boss AG BOSS, +2.18% on Wednesday said that second-quarter net profit more than doubled, supported by strong sales growth. The German premium-apparel maker said net profit for the three-month Read more
Hermes profits surge as U.S. sales grow, China rebounds
Hermes International SCA RMS, +7.01% on Friday maintained its medium-term growth goal as first-half earnings soared on record profitability and despite headwinds from lockdowns in China. The luxury-fashion company, known Read more
Jeweler who sold Trump-Maples ring sentenced to 12 years in multi-million ‘Yellow Rose’ diamond scam
A Michigan jeweler to the stars who twice auctioned an engagement ring Donald Trump gave to his second wife Marla Maples, has been sentenced to 12 ½ years in prison Read more