Luxury Consumer Stories

  • An eye on Christian Dior’s new CEO

    An eye on Christian Dior’s new CEO

  • Middle East is the new cruise destination everyone’s got to visit

    Middle East is the new cruise destination everyone’s got to visit

  • Samsonite: robust results send share price up 3.5%

    Samsonite: robust results send share price up 3.5%

  • Live Nation best LGBTQ employer in U.S.

    Live Nation best LGBTQ employer in U.S.

  • LVMH shakes up management to reflect changes in luxury sector

    LVMH shakes up management to reflect changes in luxury sector

  • Richemont releases first-half earnings report for 2017

    Richemont releases first-half earnings report for 2017

  • Richemont promotes from within to speed up watch recovery

    Richemont promotes from within to speed up watch recovery

  • Carnival Corp signs agreement with Shell to power greener cruise ships

    Carnival Corp signs agreement with Shell to power greener cruise ships

  • Chinese travel market continues to grow – Ctrip looks to dominate

    Chinese travel market continues to grow – Ctrip looks to dominate

  • LVMH launches new brand to celebrate the “art of hosting”

    LVMH launches new brand to celebrate the “art of hosting”

  • Tiffany & Co. has its own slant on “every day objects”

    Tiffany & Co. has its own slant on “every day objects”

  • Nike uses AR to sell hyped sneakers

    Nike uses AR to sell hyped sneakers

  • Live Nation sees a record third quarter

    Live Nation sees a record third quarter

  • Dufry extends Malta International Airport agreement

    Dufry extends Malta International Airport agreement

  • Ferrari races ahead with earnings beat

    Ferrari races ahead with earnings beat

  • IDEXX Laboratories beats the street on earnings in third quarter

    IDEXX Laboratories beats the street on earnings in third quarter

  • Burberry’s creative director to exit company by 2019

    Burberry’s creative director to exit company by 2019

  • Hermes to add 500 jobs expanding leather good segment in France

    Hermes to add 500 jobs expanding leather good segment in France

  • Marriott plans big Asia Pacific push over next 12 months

    Marriott plans big Asia Pacific push over next 12 months

  • Anta Sports looks to capitalize on two-child policy with King Kow

    Anta Sports looks to capitalize on two-child policy with King Kow

  • Las Vegas Sands beats analysts’ expectations in Q3

    Las Vegas Sands beats analysts’ expectations in Q3

  • Nike focuses on women’s wear – challenges Lululemon

    Nike focuses on women’s wear – challenges Lululemon

  • New Oriental Education is putting long-term growth first

    New Oriental Education is putting long-term growth first

  • Gucci is the cream of the crop in Kering’s strong third quarter

    Gucci is the cream of the crop in Kering’s strong third quarter

  • Pandora in Brazil: breaking barriers to reinvent the jewelry industry

    Pandora in Brazil: breaking barriers to reinvent the jewelry industry

  • Luxottica reiterates 2017 guidance despite hurricane disruption

    Luxottica reiterates 2017 guidance despite hurricane disruption

  • Jake Gyllenhaal’s first Eternity ad goes live

    Jake Gyllenhaal’s first Eternity ad goes live

  • Inside Kering’s “Crafting Tomorrow’s Luxury” strategy

    Inside Kering’s “Crafting Tomorrow’s Luxury” strategy

  • Moncler goes big in Milan, as brand courts “fourth fashion capital”

    Moncler goes big in Milan, as brand courts “fourth fashion capital”

  • Puma shares jump 4% after unscheduled earnings announcement

    Puma shares jump 4% after unscheduled earnings announcement

  • Remy Cointreau sees strong demand from east and west

    Remy Cointreau sees strong demand from east and west

  • Zalando: revenue up, profit down – but the strategy’s working

    Zalando: revenue up, profit down – but the strategy’s working

  • Marriott wins big from Avendra purchase

    Marriott wins big from Avendra purchase

  • As the rich get richer, luxury car sales are booming

    As the rich get richer, luxury car sales are booming

  • Will the Chinese cosmetics market be luxury’s “next big thing”?

    Will the Chinese cosmetics market be luxury’s “next big thing”?

  • Royal Caribbean’s Symphony of the Seas is on its way: prepare to be amazed

    Royal Caribbean’s Symphony of the Seas is on its way: prepare to be amazed

  • Brown-Forman appoints new UK boss

    Brown-Forman appoints new UK boss

  • How Kering is making eyewear sustainable

    How Kering is making eyewear sustainable

  • It’s official: the Ferrari SUV is happening

    It’s official: the Ferrari SUV is happening

  • LVMH smashes analysts’ expectations

    LVMH smashes analysts’ expectations

  • Anta Sports will sponsor 2022 Olympic and Paralympic Games in Beijing

    Anta Sports will sponsor 2022 Olympic and Paralympic Games in Beijing

  • Ferrari: neither electric, nor self-driving

    Ferrari: neither electric, nor self-driving

  • Cartier at 170 – the perfect marriage of timeless and timely

    Cartier at 170 – the perfect marriage of timeless and timely

  • Live Nation buys United Concerts

    Live Nation buys United Concerts

  • Burberry looks to Coty to bolster beauty business

    Burberry looks to Coty to bolster beauty business

  • How Tiffany & Co. conquered mobile

    How Tiffany & Co. conquered mobile

  • Inditex sees “robust” first half of 2017

    Inditex sees “robust” first half of 2017

  • China’s luxury market returns to form

    China’s luxury market returns to form

  • Macau tops estimates as Golden Week begins

    Macau tops estimates as Golden Week begins

  • Nike’s ‘direct-to-customer’ strategy is taking shape

    Nike’s ‘direct-to-customer’ strategy is taking shape

Latest Luxury Stories

  • An eye on Christian Dior’s new CEO

    An eye on Christian Dior’s new CEO

    Luxury, Friday, 17 November 2017

    With a major shake up going on in luxury titan LVMH’s management team, few appointments will be as important as the new top man at Christian Dior, long considered a jewel in the group’s crown. That man, Pietro Beccari, is currently in charge of another ...
  • Middle East is the new cruise destination everyone’s got to visit

    Middle East is the new cruise destination everyone’s got to visit

    Luxury, Thursday, 16 November 2017

    In 2009, 87 cruise ships docked in Dubai. Yet, in the last winter season alone, that figure had almost doubled to 157. What’s driving this rapid expansion? In part, it is down to infrastructural investments by Middle Eastern countries that make the area more ...
  • Samsonite: robust results send share price up 3.5%

    Samsonite: robust results send share price up 3.5%

    Luxury, Thursday, 16 November 2017

    Global luggage kingpin Samsonite reported robust third-quarter earnings this week that sent its share price up by 3.5%. The company said that net sales, at constant currency, grew by 18.7% year on year. Minus Tumi, which Samsonite acquired last year, that becomes ...
  • Live Nation best LGBTQ employer in U.S.

    Live Nation best LGBTQ employer in U.S.

    Luxury, Wednesday, 15 November 2017

    According to the Human Rights Campaign, live event mastermind Live Nation is the best place to work in the U.S. if you are lesbian, gay, bisexual, transgender, or queer (LGBTQ). The Campaign rated 947 of the nation’s biggest businesses, and Live Nation was one ...
  • LVMH shakes up management to reflect changes in luxury sector

    LVMH shakes up management to reflect changes in luxury sector

    Luxury, Wednesday, 15 November 2017

    The world’s largest luxury group, LVMH, has moved top talent around its many boardrooms in  what is, according to the New York Times, “a sign that the turbulence that has significantly altered the luxury creative landscape in recent years has moved ...
  • Richemont releases first-half earnings report for 2017

    Richemont releases first-half earnings report for 2017

    Luxury, Tuesday, 14 November 2017

    The world’s second largest luxury company, Richemont, released an earnings report for the first half of its financial year (ending September 30). The company, which is known for a variety of high-end brands like Cartier and Van Cleef & Arpels, said sales ...
  • Richemont promotes from within to speed up watch recovery

    Richemont promotes from within to speed up watch recovery

    Luxury, Monday, 13 November 2017

    Luxury giant Richemont, the company behind brands such as Cartier, Dunhill, and Montblanc, is looking to speed up recovery at its watch business. To do so, it has appointed Richemont veteran Jerome Lambert to the newly created role of chief operating officer. ...
  • Carnival Corp signs agreement with Shell to power greener cruise ships

    Carnival Corp signs agreement with Shell to power greener cruise ships

    Luxury, Friday, 10 November 2017

    Carnival Corporation, the world’s most popular cruise line, has signed an agreement with Shell to power North America’s first fully LNG-powered cruise ships. LNG is the world’s most sustainable fossil fuel, and will power two new ships that are ...
  • Chinese travel market continues to grow – Ctrip looks to dominate

    Chinese travel market continues to grow – Ctrip looks to dominate

    Luxury, Thursday, 09 November 2017

    The sheer scale of China’s travel market is massive. It is the largest cruise market in the world, and the Air Transport Association says that it will only take the country’s air travel market five years to catch up. By 2022, China will have more people ...
  • LVMH launches new brand to celebrate the “art of hosting”

    LVMH launches new brand to celebrate the “art of hosting”

    Luxury, Wednesday, 08 November 2017

    French luxury conglomerate LVMH is one of the most powerful luxury companies in the world. Now, it’s turned its attention towards hosting with a new lifestyle brand, Clos19. The brand is focused on indulgence and extravagance, and is pitched towards socialites ...
  • Tiffany & Co. has its own slant on “every day objects”

    Tiffany & Co. has its own slant on “every day objects”

    Luxury, Wednesday, 08 November 2017

    Fancy spending $1,000 on a tin can? If so, you might be the kind of customer who can appreciate iconic luxury brand Tiffany & Co.’s new line of “every day objects”. Some clarification is in order: the aforementioned tin can isn’t really a ...
  • Nike uses AR to sell hyped sneakers

    Nike uses AR to sell hyped sneakers

    Luxury, Tuesday, 07 November 2017

    Athletic apparel kingpin and legendary sneaker specialist Nike has found a new way to sell ‘hyped’ sneakers: augmented reality. By ‘hyped’ we mean sneakers that are part of a limited edition run, or exclusive in some other way – and ...
  • Live Nation sees a record third quarter

    Live Nation sees a record third quarter

    Luxury, Tuesday, 07 November 2017

    Gig and event ticket seller Live Nation released earnings results in November that set a new record for its third quarter. More than that, taken in tandem with the strength of the first half of the year, the company is on track for its best ever year regarding ...
  • Dufry extends Malta International Airport agreement

    Dufry extends Malta International Airport agreement

    Luxury, Tuesday, 07 November 2017

    Global duty free retailer Dufry has signed an extension to its concession contract at Malta International Airport. The agreement, which covers three stores, and will see Dufry increase its commercial space at the location by 20%, includes new terms for investment, ...
  • Ferrari races ahead with earnings beat

    Ferrari races ahead with earnings beat

    Luxury, Monday, 06 November 2017

    Iconic supercar maker Ferrari reported quarterly earnings at the beginning of November, beating the street on earnings and raising its full year guidance. The company said that adjusted earnings before interest, tax, depreciation, and amortization, rose by 13% year ...
  • IDEXX Laboratories beats the street on earnings in third quarter

    IDEXX Laboratories beats the street on earnings in third quarter

    Luxury, Friday, 03 November 2017

    IDEXX Laboratories is a developer, manufacturer and distributor of products and services aimed at the veterinary market (for pets, livestock, and more). This week, it released third quarter earnings that beat Wall Street estimates. The company was expected to earn ...
  • Burberry’s creative director to exit company by 2019

    Burberry’s creative director to exit company by 2019

    Luxury, Thursday, 02 November 2017

    Christopher Bailey, Burberry’s creative director and former CEO, is leaving the company at the end of 2018. The news comes not long after the appointment of Marco Gobbetti, whose mission includes turning Burberry’s fortunes around and cutting costs. Mr. ...
  • Hermes to add 500 jobs expanding leather good segment in France

    Hermes to add 500 jobs expanding leather good segment in France

    Luxury, Wednesday, 01 November 2017

    Luxury handbag maker Hermes International has revealed plans to open two new leather goods production sites in the next two years. Both of these sites will be in France, and they are a strong reflection of the rising demand for the company’s leather products, ...
  • Marriott plans big Asia Pacific push over next 12 months

    Marriott plans big Asia Pacific push over next 12 months

    Luxury, Tuesday, 31 October 2017

    The coming year will see the world’s largest hotelier, Marriott International, increase its Asia Pacific footprint considerably. The company plans to open 16 new resorts in the region, across 7 brands in 10 countries. Currently, it has 130 “upper-upscale ...
  • Anta Sports looks to capitalize on two-child policy with King Kow

    Anta Sports looks to capitalize on two-child policy with King Kow

    Luxury, Tuesday, 31 October 2017

    Leading Chinese sportswear company Anta Sports is looking to capitalize on the relaxation of China’s one-child policy through recent acquisition King Kow. The country has played havoc with its demography over the past few decades by restricting couples right ...
  • Las Vegas Sands beats analysts’ expectations in Q3

    Las Vegas Sands beats analysts’ expectations in Q3

    Luxury, Monday, 30 October 2017

    Las Vegas Sands reported better than expected third quarter earnings last week, as the luxury recovery persists into the last few months of 2017. The company reported earnings per share of 77¢, a full 14.9% higher than analysts’ expectations of 67¢ ...
  • Nike focuses on women’s wear – challenges Lululemon

    Nike focuses on women’s wear – challenges Lululemon

    Luxury, Monday, 30 October 2017

    Global athletic apparel market leader Nike is shifting its focus onto yoga pants and sports bras. The company has had a sluggish year so far, remaining on top, but seeing its lead narrowed by ambitious underdogs like Puma and Adidas. Now, in an effort to return to ...
  • New Oriental Education is putting long-term growth first

    New Oriental Education is putting long-term growth first

    Luxury, Friday, 27 October 2017

    New Oriental Education released third quarter earnings this week that offered a clear picture of the company’s strategy: to prioritise long-term market share over short-term profitability. This is a reflection of the fact that New Oriental has changed its ...
  • Gucci is the cream of the crop in Kering’s strong third quarter

    Gucci is the cream of the crop in Kering’s strong third quarter

    Luxury, Thursday, 26 October 2017

    Kering saw fantastic results across the board in its third quarter, beating sales forecasts and painting a positive picture for the luxury sector’s imminent earnings season. Investor sentiment was buoyed by the news, and Kering saw its share price increase by ...
  • Pandora in Brazil: breaking barriers to reinvent the jewelry industry

    Pandora in Brazil: breaking barriers to reinvent the jewelry industry

    Luxury, Thursday, 26 October 2017

    Pandora, Danish-based queen of affordable jewelry, faces a unique challenge in Brazil: to recreate the jewelry market, making it more egalitarian, more diverse, and more open to people at all price points. 2017 has been a rough ride for Pandora so far, but if the ...
  • Luxottica reiterates 2017 guidance despite hurricane disruption

    Luxottica reiterates 2017 guidance despite hurricane disruption

    Luxury, Wednesday, 25 October 2017

    Eyewear giant Luxottica, best known as the company behind the overwhelming majority of brands on the market, like Ray-Ban, had its third quarter earnings hit hard by hurricanes. This is because North America is its biggest market, and the region has been pummeled in ...
  • Jake Gyllenhaal’s first Eternity ad goes live

    Jake Gyllenhaal’s first Eternity ad goes live

    Luxury, Wednesday, 25 October 2017

    At the beginning of October, iconic fashion brand Calvin Klein announced that Jake Gyllenhaal – the actor best known for roles in Donnie Darko, Southpaw, and more – is to be the face of signature fragrance Eternity. Gyllenhaal has a devoted following ...
  • Inside Kering’s “Crafting Tomorrow’s Luxury” strategy

    Inside Kering’s “Crafting Tomorrow’s Luxury” strategy

    Luxury, Tuesday, 24 October 2017

    French luxury giant Kering has made headlines throughout 2017 for its approach to sustainability. The company’s efforts have seen it crowned the world’s greenest luxury company, and Kering has taken its ethical approach to luxury even further, entering ...
  • Moncler goes big in Milan, as brand courts “fourth fashion capital”

    Moncler goes big in Milan, as brand courts “fourth fashion capital”

    Luxury, Monday, 23 October 2017

    French-Italian luxury label Moncler, once famous for its stylish ski jackets, but now much more diversified, is making a big impression in Milan. The company has chosen to open its largest ever flagship store in the city – or rather, has created its largest ...
  • Puma shares jump 4% after unscheduled earnings announcement

    Puma shares jump 4% after unscheduled earnings announcement

    Luxury, Friday, 20 October 2017

    Athleisure specialist Puma made an unscheduled announcement earlier in the week that sent its share price up by 4%. The company offered an early snapshot of its third quarter earnings, the full report of which will be arriving on October 24. And investors like what ...
  • Remy Cointreau sees strong demand from east and west

    Remy Cointreau sees strong demand from east and west

    Luxury, Thursday, 19 October 2017

    Remy Cointreau reported second quarter earnings on Tuesday, saying that strong demand from China and the U.S. drove sales up. Investors could be forgiven for thinking that these better than expected results would lead to a massive pick up over the next six months ...
  • Zalando: revenue up, profit down – but the strategy’s working

    Zalando: revenue up, profit down – but the strategy’s working

    Luxury, Thursday, 19 October 2017

    Preliminary figures released on Wednesday showed that profit in online fashion seller Zalando’s third quarter has fallen due to aggressive investment in growth and expanding market share. Investors weren’t thrilled by news of lowered margins, but there ...
  • Marriott wins big from Avendra purchase

    Marriott wins big from Avendra purchase

    Luxury, Wednesday, 18 October 2017

    The world’s largest luxury hotelier, Marriott International, saw its share price rise on Monday as news of an acquisition broke. While Marriott is neither buyer nor bought, the company is a majority shareholder in the latter. Food services company Aramark is ...
  • As the rich get richer, luxury car sales are booming

    As the rich get richer, luxury car sales are booming

    Luxury, Tuesday, 17 October 2017

    It’s great news for luxury car companies, as an increasing number of high net worth individuals are spending their cash on Ferraris and Lamborghinis. Over the past five years, the number of people in the top bracket of wealth worldwide has risen drastically ...
  • Will the Chinese cosmetics market be luxury’s “next big thing”?

    Will the Chinese cosmetics market be luxury’s “next big thing”?

    Luxury, Tuesday, 17 October 2017

    International cosmetics companies face a tricky situation when it comes to China. While animal testing is frowned upon – or even banned – in many regions, it is mandatory in China. At least, it is mandatory for so-called “special use” ...
  • Royal Caribbean’s Symphony of the Seas is on its way: prepare to be amazed

    Royal Caribbean’s Symphony of the Seas is on its way: prepare to be amazed

    Luxury, Monday, 16 October 2017

    Royal Caribbean’s newest cruise liner, which will hit the water in April next year, will be the world’s largest boat by far: five times the size of the legendary Titanic. It will hold 2,774 staterooms on 16 guest decks – and that’s just the ...
  • Brown-Forman appoints new UK boss

    Brown-Forman appoints new UK boss

    Luxury, Monday, 16 October 2017

    Brown-Forman Corporation has announced the appointment of a new country manager for its second-largest region, the UK. Jeremy Shepherd will succeed Andrew Wilby (who is retiring) in the role from January 1, 2018. Shepherd, who will be based in London, will be part ...
  • How Kering is making eyewear sustainable

    How Kering is making eyewear sustainable

    Luxury, Friday, 13 October 2017

    French luxury giant Kering is leading the charge towards ecological sustainability in the fashion world. Last month, the company was awarded coveted position as the world’s most sustainable luxury company by DJSI. This is widely seen as the industry’s ...
  • It’s official: the Ferrari SUV is happening

    It’s official: the Ferrari SUV is happening

    Luxury, Thursday, 12 October 2017

    This week, Sergio Marchionne has confirmed speculation that Ferrari will be making its first sports utility vehicle (just don’t call it an SUV!). Investors have been eager to see which way the company would turn ever since the possibility was floated earlier ...
  • LVMH smashes analysts’ expectations

    LVMH smashes analysts’ expectations

    Luxury, Wednesday, 11 October 2017

    French luxury giant LVMH has just reported a fantastic set of quarterly figures. For the three months to Sept. 30, the company saw organic sales growth in its perfumes and cosmetics division rise by 17% - that’s almost double the 9% that analysts had expected ...
  • Anta Sports will sponsor 2022 Olympic and Paralympic Games in Beijing

    Anta Sports will sponsor 2022 Olympic and Paralympic Games in Beijing

    Luxury, Wednesday, 11 October 2017

    Chinese sporting apparel and equipment maker, Anta Sports, has been named as the fourth domestic sponsor of the upcoming Winter Olympic and Paralympic Games in Beijing. The games will take place in 2022, giving the company plenty of time to get its designs right! ...
  • Ferrari: neither electric, nor self-driving

    Ferrari: neither electric, nor self-driving

    Luxury, Tuesday, 10 October 2017

    If it seems like all the world’s automakers, governments, and drivers are eager to embrace autonomous driving and electrification, you haven’t been looking at a high enough price point. Ferrari is dead against designing a fully autonomous, fully ...
  • Cartier at 170 – the perfect marriage of timeless and timely

    Cartier at 170 – the perfect marriage of timeless and timely

    Luxury, Tuesday, 10 October 2017

    Cartier has been creating watches and jewelry for 170 years, and somehow manages to remain both innovative and true to its classical style of design. This year, that’s clearer than ever as the brand has partnered with online fashion giant Yoox Net-a-Porter ...
  • Live Nation buys United Concerts

    Live Nation buys United Concerts

    Luxury, Friday, 06 October 2017

    Ticket-selling gig booker Live Nation has continued its spate of acquisitions this month with the purchase of United Concerts. United Concerts is a Utah-based music promoter that puts on more than 170 live events throughout the year at numerous locations in the ...
  • Burberry looks to Coty to bolster beauty business

    Burberry looks to Coty to bolster beauty business

    Luxury, Thursday, 05 October 2017

    British fashion house Burberry is looking to pick up its beauty business by partnering with international beauty giant Coty. The partnership will be aimed at building a cosmetics business within Burberry’s own brand by licensing the rights out to Coty for $130 ...
  • How Tiffany & Co. conquered mobile

    How Tiffany & Co. conquered mobile

    Luxury, Thursday, 05 October 2017

    Traditional luxury companies, like the iconic Tiffany & Co., were amongst the slowest adopters of Ecommerce and mobile marketing. But if Tiffany was late to the party, it’s made the most of it since. The company’s vice president of North American ...
  • Inditex sees “robust” first half of 2017

    Inditex sees “robust” first half of 2017

    Luxury, Wednesday, 04 October 2017

    The world’s largest fashion retailer by revenue, Spanish fast-fashion expert Inditex, said that it had a “more robust” first half of 2017 than it was expecting. The company, best known for brands like Zara, Massimo Dutti, and Pull & Bear, said ...
  • China’s luxury market returns to form

    China’s luxury market returns to form

    Luxury, Tuesday, 03 October 2017

    After a rocky few years, China is emerging once more as a massive driver for the luxury goods sector. In 2012, the country’s luxury market hit a peak as Chinese officials embraced conspicuous consumption and intensive gift giving – a Chinese cultural ...
  • Macau tops estimates as Golden Week begins

    Macau tops estimates as Golden Week begins

    Luxury, Tuesday, 03 October 2017

    Despite extreme weather conditions in August, Macau’s casino revenue was higher than expected last month – a strong indicator of its health as we kick off the Golden Week holidays. Macau’s Gaming Inspection and Coordination bureau said that gross ...
  • Nike’s ‘direct-to-customer’ strategy is taking shape

    Nike’s ‘direct-to-customer’ strategy is taking shape

    Luxury, Monday, 02 October 2017

    Nike’s recent quarterly results may not have set the world alight, but hidden in their midst was perhaps the most important takeaway of Nike’s year so far: its plan to sell straight to customers is evolving. There are obvious benefits to cutting out the ...