Luxury brands like Gucci are reportedly spending billions to stay at high-profile addresses. As The Wall Street Journal (WSJ) reported Saturday (April 6), these companies are worried that if they don’t snatch up their flagship stores, one of their competitors will purchase the property and evict them....
LVMH is making its way to Tinseltown, establishing a foothold in film and television to drive brand visibility and relevance. The luxury giant, owner of Louis Vuitton, Moët Hennessy, Tiffany & Co., Christian Dior and many others, shared plans for its new venture, 22 Montaigne...
Luxury group Kering reported a 9% decline in revenue on a comparable basis in the third quarter, attributing the drop to macroeconomic conditions and its own changes in distribution. Among the group’s brands, Gucci’s revenue was down 7% on a comparable basis, Yves Saint Laurent’s was down...
The luxury goods sector may be facing a potential downturn, according to RBC Capital Markets. The investment bank said in a recent note that one of the key factors is the expectation of a consolidation of the strong gains that luxury goods makers have experienced in...
April 08, 2024
Luxury firms Chanel and LVMH are reportedly competing to become the new owner of a building on Manhattan’s Fifth Avenue. Both companies have been in talks to buy the location on the luxury shopping corridor, Bloomberg reported Monday (April 8). Global luxury retailers have been competing to buy buildings on Fifth Avenue for months, according to the report. Kering bought one for […]
April 07, 2024
Luxury brands like Gucci are reportedly spending billions to stay at high-profile addresses. As The Wall Street Journal (WSJ) reported Saturday (April 6), these companies are worried that if they don’t snatch...
October 24, 2023
Luxury group Kering reported a 9% decline in revenue on a comparable basis in the third quarter, attributing the drop to macroeconomic conditions and its own changes in distribution. Among the group’s...
October 11, 2023
The luxury goods sector may be facing a potential downturn, according to RBC Capital Markets. The investment bank said in a recent note that one of the key factors is the...
