Watch group Swatch saw its sales decline by more than 12% and its profits by 75% in 2024.

Simon Property Group bought 100 percent of Kering ’s The Mall Luxury Outlets, which it established in 2001. The Mall operates two outlet centers in Italy — one near Florence in Leccio and another on ...

Kering said it finalized the sale of The Mall Luxury Outlets in Italy to U.S. retail investment trust Simon Property Group. Kering--which houses Gucci, Saint Lauren and Balenciaga--said Thursday that ...

Consumer companies ticked down amid mixed earnings. Gucci owner Kering and other European luxury brands sold off following a lackluster earnings report from bellwether LVMH.

Germany's consumer confidence edges lower heading into February. France (CAC:IND) -0.32% The pan-European Stoxx ...

Luxury stocks face volatility despite LVMH’s 1% sales rise. Kering and Hermes saw share declines, while Richemont and ...

The updates pointed to a possible bottom of the recession in the luxury sector, which has been struggling with falling demand. In addition, a strong rebound in the U.S. was viewed as a potential ...

While LVMH's results "challenge the sector narrative that all luxury companies have seen the acceleration" seen at Richemont ...

Marque, who will join Gucci on April 1, previously held executive roles at L’Oréal Luxe, Hermès and DFS Group.

Stella McCartney is repurchasing the minority stake held by LVMH in the house she founded about five years after the luxury ...

In the four decades leading up to the pandemic, 800 million Chinese exited poverty and began to buy things beyond their ...

Alarm bells are ringing across the high-end sector. 2024 did not end as luxury brands had hoped, and the figures published by ...