Black Friday store visits will drop this year for the first time since it became a key shopping day in 2013, a new study says. But another forecast says spending over the Black Friday period will rise above inflation.
After Versailles last year, the NY Times is staging its international luxury conference 2017 in Brussels, a two-day event that will explore the evolution of the luxury market in a constantly changing world.
Italian luxury outerwear company Moncler said on Monday it would end its Gamme Rouge and Gamme Bleu lines and their designers Giambattista Valli and Thom Browne would leave the company to focus on their own brands.
Private equity firm Tengram Capital has announced it will acquire luxury skincare brand ReVive from Shiseido Americas Corporation and will bring on two key execs from its former Laura Geller New York team.
Burberry shares continued to fall Friday as investors were spooked about planned changes at the label and the money they will cost. But Belgian Billionaire Albert Frere took the opportunity to raise his stake.
Luxury goods group Richemont on Friday appointed Jérôme Lambert, currently head of operations, to the newly created role of chief operating officer responsible for the Swiss group's watch and fashion brands.