luxury goods

Lifestyle

Jane Birkin’s original Hermès bag sells for €8 million at auction

Born out of a chance encounter, Jane Birkin's original Hermès bag has surpassed all expectations and sold for €8.6 million in Paris to become the second most valuable fashion item ever bought at an auction.

10/07/2025

Business

L’Oréal acquires a majority stake in British skincare brand Medik8

The acquisition is the latest addition to L’Oréal’s skincare portfolio, as the beauty giant seeks to cash in on the dermocosmetics boom.

09/06/2025

Lifestyle

What will Jonathan Anderson bring to Dior as new creative director?

After stepping down from the role as creative director of luxury fashion house Loewe, Northern Ireland-born Jonathan Anderson has been appointed as creative director of both the women's and men's collections at Dior – becoming the first person to take on the dual role since Christian Dior himself.

08/06/2025

EuroVerify

Are Europe's luxury handbags all produced in China?

The US and China’s ongoing trade war has taken to TikTok and European fashion houses have found themselves sandwiched in the middle.

21/04/2025

Business

LVMH CEO criticises Brussels bureaucrats as US-EU tensions simmer

French businessman Bernard Arnault warned trade tensions with the US would wreak havoc on European businesses — criticising Brussels' negotiation skills.

18/04/2025

Business

How Trump’s tariffs are dampening hopes of a luxury sector revival

The global luxury sector, which has been facing slowing demand and an eroding customer base in the last several months, could be further hit by the escalating trade war between China and the US.

18/04/2025

Business

Hermès leaves wealthy clients to pay for cost of Trump tariffs

The luxury company, based in France, announced that it would be hiking prices in the US to offset the impact of US President Donald Trump’s 10% tariffs against the EU.

17/04/2025

Art

Cartier’s glittering legacy showcased in new V&A exhibition

From royal tiaras worn at coronations to celebrity showstoppers on red carpets, a new exhibition at London’s V&A Museum is showcasing over a century of Cartier’s most iconic and extravagant creations.

13/04/2025

Business

Ferrari raises prices for some models in response to Trump’s tariffs

Ferrari announced that it would increase prices for certain models up to 10% in response to Trump’s 25% auto tariffs on European car imports. The company added that its 2025 profit margins face a potential 50 basis-point reduction risk.

28/03/2025

Business

Prada sales soar as it eyes Versace acquisition despite luxury crunch

Robust earnings place the brand in a stronger position to acquire Versace from Capri Holdings.

05/03/2025

Business

Luxury carmaker Aston Martin to cut 170 jobs after another annual loss

Job losses are expected to save Aston Martin £25 million as it struggles with supply chain disruptions, inefficiencies, and weak Chinese demand.

26/02/2025

Business

Northern Ireland hotel takes a punt on €1,200 cocktail – who’s buying?

The Merchant Hotel's new tipple has been described as a "masterpiece of Irish whiskey" - but is there a market at €1,200 a pop?

12/02/2025

Business

LVMH earnings highlight uneven recovery in the luxury goods sector

LVMH posted subdued quarterly results due to continued weakness in the fashion and leather goods segment. The results slightly exceeded analysts' estimates for overall performance.

29/01/2025

Business

LVMH sells Stella McCartney minority stake as luxury sector struggles

LVMH has already sold the streetwear fashion brand Off-White recently, as well as its stake in Cruise Line Holdings amid dampened global demand for luxury goods and falling Chinese sales.

28/01/2025

Business

Jaguar Land Rover invests in custom paint services for luxury clients

Wealthy clients will be able to match their car's palette with their private jet or yacht colours, added the company statement.

27/01/2025

Business

European luxury stocks rally as Richemont posts record quarterly sales

Richemont reported strong quarterly results, driven by festival sales, despite ongoing weak demand in China. The robust earnings lifted rival share prices, buoying the European luxury sector on Thursday.

17/01/2025

Business

Lamborghini delays the launch of its first electric model to 2029

The Italian carmaker believes the market is not ready for the brand's fully electric luxury car.

17/12/2024

Culture news

Smell like Donald Trump with his Fight Fight Fight perfumes

For nearly $200, you could have the privilege of smelling like the president-elect. Make Armpits Great Again.

14/12/2024

Business

Luxury carmaker Aston Martin issues a profit warning - again

Aston Martin is raising millions to invest in electrification, as well as in other areas, while its core profit is expected to fall short of 2023 levels.

28/11/2024

Business

Will the luxury goods market shrink in 2025 due to Trump tariffs?

A study says the global luxury goods market will shrink in 2025 and Trump tariffs could make it worse.

13/11/2024