Finance News – Luxury
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Brexit sends Brits to Europe for Louboutins in a blow to UK luxury
Due to the absence of VAT-free shopping for international customers in the UK, British consumers are increasingly purchasing high-end goods in Europe, impacting the domestic luxury...
Read Full Article →Gucci sales plunge 25% in the second quarter as woes persist at luxury giant Kering
The substantial decline in Gucci’s revenue, representing a significant portion of the overall group income, highlights ongoing financial challenges affecting the luxury conglomerat...
Read Full Article →Why the demise of Canadian retail's 'middle class' won't end with Hudson's Bay
The financial landscape of Canadian retail is shifting as mid-tier stores face challenges from consumers preferring either more affordable or high-end shopping options.
Read Full Article →Here's how the luxury real estate market is splitting up
The luxury property sector is experiencing a noticeable division, reflecting varying trends in buyer preferences and regional pricing that impact overall market valuation and inves...
Read Full Article →Up-market hotels take luxury living to a high-rise level
Accor’s decision to brand a Burleigh Heads apartment building with its luxury Mondrian label reflects a strategic move to expand its presence in the upscale accommodation market, p...
Read Full Article →A luxury version of H&M is taking over in 2025 — and making it cool to be basic
The introduction of a higher-end brand under H&M’s umbrella is expected to attract wealthier customers, potentially boosting revenue and expanding its market share in the premium f...
Read Full Article →UK's only global luxury brand to cut 1,700 jobs
Burberry plans to reduce its workforce by approximately 1,700 positions globally in the next two years as part of efforts to address significant recent financial challenges.
Read Full Article →Balsillie-owned golf venture partners with Saudi developer to build Middle East luxury resorts
A golf company led by Balsillie is collaborating with a Saudi developer to leverage its expertise in developing luxury resorts, targeting the emerging and largely unexplored golf m...
Read Full Article →Trump's $1B Dubai Tower Project to Accept Crypto Payments for Luxury Apartments
The Trump family's expansion into cryptocurrency includes a significant real estate project in Dubai, allowing luxury apartment purchases with digital currencies, reflecting a broa...
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