14 of the world’s 20 biggest stock markets have hit record highs, with U.S. equities riding a $12 trillion rally18 May 2024
Hermes emerges as the outlier with strong China sales, while the rest of luxury bleeds from the lack of shoppersBy Press Room25 April 2024 Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader…
Gucci-owner Kering’s Gen Z heir claims his grandfather Francois Pinault’s seat on Christie’s board in major succession moveBy Press Room5 April 2024 European luxury houses are legacy companies, often with family strongholds. Kering, the company behind Gucci and Saint Laurent, is no…
The Gen Z and millennial rebellion against full-price luxury is hurting Burberry and Kering, but propping up secondhand marketplacesBy Press Room3 March 2024 Ever dreamt of buying your first luxury handbag? With sky-high rents and a challenging job market, investing in luxury has…
Gucci-owner Kering is buying up prime property in New York worth nearly $1 billion as luxury slowdown presses onBy Press Room23 January 2024 The luxury industry’s rocky road the last few months has prompted questions about the end of the “roaring 20s”—the period…