Flat global luxury sales forecasts follow a pent-up post-pandemic spending surge that pushed sales during the 2021-23 period up 24% over 2019 levels. Last year, sales of personal luxury goods grew ...

Saks Global and Authentic Brands Group are looking to diversify their partnership into retail, hospitality and events as they ...

The world’s wealthiest are continuing to adorn themselves with the finest jewelry even as broader luxury shoppers pull back.

MILAN/PARIS (Reuters) - Sales of luxury goods worldwide are likely to fall between 2% and 5% this year, consultancy Bain & Co ...

The global luxury market shrank 2% in 2024, the first decline in 15 years. Rising prices and economic angst are hurting spending, retail and luxury experts told BI. The luxury market is losing a ...

(RTTNews) - LVMH shares tumbled 7.8 percent on Tuesday after the company reported a surprise drop in first-quarter sales, surrendering its long-held title as the world's most valuable luxury brand ...

The luxury boom is slowing, hurt by a pullback in spending among middle-income households. The global luxury market shrank 2% in 2024, the first decline in 15 years. Rising prices and economic ...

Bain & Co. has significantly downgraded its forecast for worldwide luxury goods sales ... Advt Bain's previous forecast for flat sales to 4% growth was issued in November. Top labels including ...