LVMH revenue slides as luxury retailer continues to combat uncertain market July 23, 2024 LVMH, the multibillion-pound owner of Dior and Louis Vuitton, has reported a drop in revenue in the first half of the year, joining other major fashion brands which are suffering from a slump in demand. Revenue for the luxury retail brand came in at €41.7bn (£35bn) for the first half of 2024, the firm said [...]
Rolls-Royce Motor Cars: Sales accelerate to almost £1bn as global demand grows July 23, 2024 Rolls-Royce Motor Cars saw its revenue accelerate to almost £1bn in 2023 as demand for personalised luxury vehicles continued across the world, it has been revealed.
Burberry: Meet the new CEO charged with ‘rebalancing’ luxury brand as job cuts loom July 15, 2024 Meet Burberry's new CEO, its fourth boss in a decade, charged with turning around beleaguered label as job cuts loom.
Is your Rolex watch real? One in ten aren’t July 13, 2024 Technological developments have encouraged a boom in high-end counterfeiting, with CNC machines like 3D printers helping to make fakes harder to spot.
Profit falls at Watches of Switzerland but Rolex seller maintains guidance June 27, 2024 The rolex seller reported that pretax profit fell 40 per cent in the year to April, falling from £155m to £92m.
Ferrari Group strikes gold as shipping bottlenecks give way to record sales June 20, 2024 Ferrari Group, which specialises in shipping jewelry and luxury goods across the globe, has reported the strongest sales in its 50 year history as ongoing efforts to expand its catchment area begin to pay off.
‘Old Money’ Tiktok trend drives demand for Rolex’s as buyers willing to pay more for ‘immediate access’ May 18, 2024 The boss behind one of Britain’s best known sellers of Rolex and Tag Heuer watches said there has been a surge in interest for luxury goods from Gen Z shoppers as they look to emulate the dress sense of the upper classes.
Watches of Switzerland bolsters luxury portfolio with £104m Roberto Coin deal May 9, 2024 Luxury watch retailer Watches of Switzerland has bought the Italian jewellery brand Roberto Coin for $130m (£104m).
Ferrari profit rises but investors cool on mixed outlook May 7, 2024 Profit at Ferrari rose by nearly a fifth in the first quarter, driven by increasing demand for bespoke personalisations.
The luxury watch market bubble has burst. What next for Rolex, Patek Philippe and Audemars? April 20, 2024 The pandemic-era boom, which saw luxury watch prices rise by 20 per cent in just the fourth quarter of 2021, is now over.