Luxury Market news and trends

RBC Capital Markets Predicts Luxury Sector Downturn
Retail // 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 expectation of a consolidation of the strong gains that luxury goods makers have experienced in...

Apple’s New Product Release Event Sends Ripples Through Stock Market
Apple // September 14, 2017

PYMNTS’ Twitter followers weren’t too excited about the latest from Apple: In an informal poll, more than half of respondents told us they were not impressed by the new iPhones 8 or X, Apple Watch or Apple TV, which were all revealed this week on...

Luxury Market Retailer Farfetch Gets $397M Infusion
Retail // June 23, 2017

Luxury market high-end fashion finds are typically reserved for the ultra elite. While traveling the world to find the chicest ensemble may become an onerous task, eCommerce has naturally stepped up to fill that void. One company that’s helping to move the luxury market forward is...

Luxury Market Gets Tougher For Michael Kors After Coach Buys Kate Spade
Retail // May 11, 2017

Already facing struggling sales after rapid expansion, Michael Kors Holdings Ltd. must now deal with the merger of two of its biggest rivals. According to Bloomberg Pursuits, Coach Inc.’s $2.4 billion acquisition of Kate Spade & Co. creates a powerhouse that will put pressure on Michael Kors. Both...

Quick Reads
RBC Capital Markets Predicts Luxury Sector Downturn

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 expectation of a consolidation of the strong gains that luxury goods makers have experienced in recent years, Seeking Alpha reported Wednesday (Oct. 11). RBC’s European team covering […]

Apple’s New Product Release Event Sends Ripples Through Stock Market

September 14, 2017
PYMNTS’ Twitter followers weren’t too excited about the latest from Apple: In an informal poll, more than half of respondents told us they were not impressed by the new iPhones...

Luxury Market Gets Tougher For Michael Kors After Coach Buys Kate Spade

May 11, 2017
Already facing struggling sales after rapid expansion, Michael Kors Holdings Ltd. must now deal with the merger of two of its biggest rivals. According to Bloomberg Pursuits, Coach Inc.’s $2.4 billion...