This time last year, Shanghai — China’s capital of fashion and luxury — was in the throes of a ruthlessly enforced Covid lockdown. The city’s glittering high-end malls and avenues […]
Luxury Goods and Services
Trending topics and news from the Luxury Goods and Services category
Back to news homeWhy Companies Are Pushing Premium Products With Higher Prices
Six Flags, the theme park operator, recently shifted to a more premium model by raising prices and limiting discounts, which Selim Bassoul, the chief executive, described as “bold changes to […]
LVMH Shuffles Leadership at Dior and Louis Vuitton, Its Top Brands
A new year brings a leadership shuffle to the ranks of Louis Vuitton Moët Hennessey, the world’s largest luxury goods group by sales, as its chairman and chief executive, Bernard […]
Billions of Dollars Are at Stake in a Puzzling Holiday Shopping Season
It doesn’t matter much to retailers, who used the early holiday sales to try to offload products before most shoppers had even picked out their Halloween costumes. But it signaled […]
Billions of Dollars at Stake in a Puzzling Holiday Shopping Season
It doesn’t matter much to retailers, who used the early holiday sales to try to offload products before most shoppers had even picked out their Halloween costumes. But it signaled […]
In Fashion Industry, a Fine Line Between Collaboration and Collusion
In the spring of 2020, during the earliest and darkest months of the coronavirus pandemic, a group of clothing executives and designers began talking — tentatively — about upending some […]
They Flocked to China for Boom Times. Now They’re Thinking Twice.
A.H. Beard, a 123-year-old luxury mattress manufacturer based in Australia, started eyeing China around 2010. At the time, the family-owned company faced looming competition from low-cost, foreign-made mattresses in its […]
No Ikea Shelves, No Levis: The Western Retail Exodus From Russia Is On
Ms. Townsend said that luxury brands may also be nervous about selling in Russia because, increasingly, many of the wealthiest people in the country were subject to sanctions.“Typically, when you […]
They Made Millions on Luna, Solana and Polygon: Crypto’s Boom Beyond Bitcoin
Brenda Gentry, 46, a cryptocurrency speculator from San Antonio, said she started buying Bitcoin in 2020 before switching her focus to lesser-known tokens like Bund, which is tied to a […]
Barcelona Banks on Superyachts, Becoming a Hub
The yacht maintenance business has been jumping. MB92, which also owns a smaller yard in La Ciotat, France, reported revenue of €191 million (about $215 million) in 2021, up from […]