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Gucci sales hit by Asia slump, faces profit and stock decline
Gucci, Kering's largest brand, saw an 18% decline in revenue in the first quarter.
Meghan Morris
The fall of Gucci was inevitable
Gucci's growth under Alessandro Michele was unsustainable. Its new designer now faces a struggle to…
Madeline Berg
Gucci has reportedly extended its lease in the Trump Tower. Other companies, including Tiffany's, have pulled away from the former president.
Gucci, the Trump Tower's biggest commercial tenant, has extended its lease for the building beyond …
Grace Dean
Coty drops 19% as quarterly revenue misses Wall Street expectations
Makeup sales for Coty were soft during the second quarter as COVID-19 hurt traffic at stores.
Carla Mozée
Golden Goose, the luxury sneaker worn by Taylor Swift and other celebs, could go public this week
The Italian brand, which sells pre-distressed sneakers, is a hit with celebrities including Taylor …
Shubhangi Goel
Coach owner Tapestry acquires rival Capri Holdings for $8.5 billion adding Michael Kors and Versace to its offering to create a US fashion giant
The new deal represents one of the biggest acquisitions in the fashion industry in recent years and…
Mary Hanbury
Bernard Arnault, owner of Louis Vuitton, beats Jeff Bezos; becomes the richest man in the world
Arnault spent $538 million dollars in recent months acquiring shares of his own French label bra…
French luxury stocks are diving after Trump threatens $2.4 billion in tariffs on champagne and handbags
The US Trade Representative proposed the fresh tariffs in retaliation to France's new digital servi…
Theron Mohamed
Dior reopened its factory so volunteer artisans can start making hand-sewn masks
Vogue Business' Annachiara Biondi reported that the fashion and luxury sector as a whole could see …
Dominic-Madori Davis
Meet the cofounders of Pizzaslime, who created Gen Z's go-to for meme fashion and recently launched a record label with Diplo
Pizzaslime has perfected meme fashion with a creative agency, record label, TV show, and merch line…
Hillary Hoffower
Birkin bags and silk scarves set Hermes sales on fire
The luxury goods maker said in its 2015 results statement that sales in Europe and Japan were so go…
Lianna Brinded
Amazon's HQ2 in Virginia just cleared a major hurdle, and it reveals a key difference from its New York project
Though the vote among the five-member board was unanimous, the atmosphere in the room was reportedl…
Dennis Green
Nordstrom is banking on cooler brands to defy the department-store curse
"This partnership means more people can get their Reformation fix in real life and more importantly…
Mary Hanbury
Prada is in crisis
"[Prada and Gucci's bad China results] does not however mean that the Chinese are falling out of lo…
Lianna Brinded
Meet the millennial cofounders of Apparis, the cult-favorite vegan coat brand that raised $3 million in funding this year and just launched a collaboration with Juicy Couture
Apparis' millennial cofounders Amelie Brick, 37, and Lauren Nouchi, 29, have won backing from Karli…
Dominic-Madori Davis
Our mission to buy a fake Rolex on Facebook reveals how the company is playing host to countless criminal enterprises
Because Facebook doesn't take responsibility for payments, and Marketplace is only open to individu…
Shona Ghosh
Why Apple products are so expensive
Narrator: With Apple's computers, these upgrades get even more expensive. If you want a 13-inch Mac…
Clancy Morgan,Jack Houston
Less Than One-Third Of Top Retailers Currently Send Their Customers Push Notifications
RETAILERS NOT SENDING PUSH NOTIFICATIONS: Although a mobile strategy is becoming a must for retaile…
Cooper Smith
Luxury Goods In China Have Lost Their Luster
The shrinking ranks of wealthy residents in China has also reduced luxury spending. One in three so…