Discount retailer Ollie’s adds Big Lots stores, as a luxury-goods seller retreats from malls
Retailers have responded to a long period of inflation with a renewed emphasis on value over less-essential products, such as ...
Trump's tariffs, a new ordeal for the luxury goods industry
The US is the leading market for luxury brands, the leading purchaser of French cosmetics and women's fashion, and ranks ...
The Destructive and Relentless Takeover of the Luxury Brand Intensifies
The luxury market is under siege. Counterfeits, fraudulent goods, and supply chain manipulation are no longer just nuisances-they are an existential threat to brands that have spent decades, even ...
Luxury knows no crisis at auction houses
Designer bags, brand-name watches, jewelry, wine... Sales of high-end objects are rising at auction houses, attracting a younger clientele.
Kering’s Shares Drop After Appointment of Demna as Gucci’s New Artistic Director
The French luxury-goods company named Demna Gvasalia as the new artistic director of its flagship label Gucci, as the group ...
Axe tourist tax to draw in luxury goods shoppers from the US, retailers tell Chancellor
Renewed calls for the reform are coming from the tailor to King Charles and representatives of the major retailers.
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Luxury set to be more expensive
According to informed officials, the tax – now known as the High Value Goods Tax (HVGT) – is expected to be imposed for big-ticket items such as private jets, yachts, jewellery and luxury cars.