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....The company is the latest to cut back on its UK manufacturing. Last week, the luxury goods group Burberry dropped plans to revive the Temple Works mill in Leeds and delayed a decision on whether to build a new factory next door for at least a year. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 02:51:53 PM
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....Sales included the the Fujita collection in New York, the Givenchy collection in Paris, and the Lambrecht and De Balkany collections in London. Christie’s holds about 350 auctions a year, selling a range of luxury goods including fine art, handbags, jewellery and wine. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 09:27:36 AM
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Latest Finance News related to Luxury Goods

GlaxoSmithKline to sell UK Horlicks brand and scrap factory plans image
Source : Guardian [Read Article] Wednesday 19th of July 2017 02:51:53 PM
....The company is the latest to cut back on its UK manufacturing. Last week, the luxury goods group Burberry dropped plans to revive the Temple Works mill in Leeds and delayed a decision on whether to build a new factory next door for at least a year. ...
Christie’s reports soaring sales of £10m-plus art image
Source : Guardian [Read Article] Wednesday 19th of July 2017 09:27:36 AM
....Sales included the the Fujita collection in New York, the Givenchy collection in Paris, and the Lambrecht and De Balkany collections in London. Christie’s holds about 350 auctions a year, selling a range of luxury goods including fine art, handbags, jewellery and wine. ...
One in three Burberry shareholders revolt against executive pay deal image
Source : Guardian [Read Article] Thursday 13th of July 2017 03:37:20 PM
.... Bailey will now focus on his creative role under the title of president. The new appointment followed pressure from shareholders concerned that Bailey was struggling to handle his dual role in a luxury goods market faced with slowing sales across key markets such as China and the Middle East. ...
UK attracts record overseas tourists after pound's Brexit slide image
Source : Guardian [Read Article] Friday 16th of June 2017 11:47:05 AM
....2bn, up 14%. Chinese visitors shopping for bargains in London have helped luxury goods companies, but tourism body Visit Britain said the biggest increase in long-haul passengers has been from North America. ...
Burberry's Bailey to get £10.5m in shares when he checks out as CEO image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:35:18 PM
....Burberry is to hand Christopher Bailey shares worth £10. 5m next month when day-to-day management of the luxury goods retailer switches to a newly recruited chief executive. ...
Coach announces $2.4bn bid for Kate Spade brand image
Source : Guardian [Read Article] Monday 8th of May 2017 01:51:46 PM
....Coach announced a $2. 4bn bid for Kate Spade on Monday, tying together two premier brands in the luxury goods sector that have fought to snare younger shoppers. ...
Cycling fashion outfit Rapha plots route into the fast lane image
Source : Guardian [Read Article] Monday 1st of May 2017 01:44:14 PM
....”. Last year Rapha was said to be on the shopping list of Catterton, the private equity arm of the luxury goods group LVMH, which has since bought the Italian bike brand Pinarello. ...
Christian Dior and LVMH combined by French billionaire image
Source : BBC [Read Article] Tuesday 25th of April 2017 11:31:29 AM
. France's richest man has made a £10bn move to combine the Christian Dior fashion house and luxury goods firm LVMH under the same ownership. ...
Luxury goods giant LVMH grabs full control of Christian Dior image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:15:06 AM
....55 in morning trade on Tuesday. Luca Solca, the head of luxury goods at Exane BNP Paribas, said: “It adds a strong brand to the LVMH portfolio at a reasonable valuation. ...
Jimmy Choo seeks well-heeled buyer image
Source : BBC [Read Article] Monday 24th of April 2017 06:35:35 AM
....Valued at about £700m, analysts believe Jimmy Choo could attract attention from rival luxury houses along with Chinese, Middle Eastern and Russian buyers. As well as shoes, Jimmy Choo produces a range of luxury goods, but has seen sales slow in recent years. ...
Government cap on energy prices would spark backlash | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of April 2017 06:12:57 PM
.... That’s all that’s required, and he did it well. Burberry shareholders did splendidly during the boom years for luxury goods, but the recent air of frustration won’t be cleared by yet another update that was long on grumbles about the “uncertain environment”, even though the company received the great gift of a lower pound. ...
Hermes reports record annual profits image
Source : BBC [Read Article] Wednesday 22nd of March 2017 10:15:28 AM
....However, he said he remained cautious given the "uncertain environment". The results hint at a wider recovery in the luxury goods market. ...
Former IMF chief gets four years in jail for embezzlement in Spain image
Source : Guardian [Read Article] Thursday 23rd of February 2017 04:40:36 PM
....The defendants had been accused of spending a total of of €12m (£10. 5m) between 2003 and 2012, using “black credit cards” to pay for hotels, parties and luxury goods. ...
UK enjoys record tourism as fall in pound boosts visitor numbers image
Source : Guardian [Read Article] Friday 17th of February 2017 05:58:19 PM
.... Economists point out that tourism will only go some way to offsetting a slowdown in domestic spending. Reports after the referendum suggested retailers enjoyed stronger sales as overseas visitors exploited the weak pound to snap up luxury goods such as watches and jewellery. ...
Luxury retailers hope Chinese new year tourists will leave them crowing image
Source : Guardian [Read Article] Saturday 28th of January 2017 08:00:49 AM
....Chinese shoppers are particularly good news for the UK’s retail sector asthey are big spenders, spending an average of £2,174 each during their stay – about three and a half times the average of other visitors. Patricia Yates, director of tourism at VisitBritain, said the evidence was that the Chinese opt for mid-price accommodation so they can concentrate on acquiring luxury goods, particularly handbags and purses and other personal accessories. ...
Animal rights activist Peta buys stake in Louis Vuitton image
Source : BBC [Read Article] Friday 13th of January 2017 11:15:24 AM
....Such a move is common among pressure groups. The move by Peta - People for the Ethical Treatment of Animals - follows its investigation into the way that crocodile skin, which is often used for luxury goods, is harvested. ...
Jaguar Land Rover and Rolls-Royce car sales rise image
Source : BBC [Read Article] Monday 9th of January 2017 07:24:06 AM
....Rolls-Royce - which is owned by BMW - has seen record sales in the US, Japan, the UK and Germany. The only market where conditions were difficult was the Middle East, "where consumer demand for all luxury goods was dampened by economic and political uncertainty". ...
We name this ship Brexit Britain - yacht firms toast booming market image
Source : Guardian [Read Article] Friday 6th of January 2017 07:10:48 PM
....Convincing existing customers to upgrade to the latest model is key to success in the boat building industry. Antony Sheriff, executive chairman of Plymouth-based Princess Yachts, said he has to keep reminding his shareholders (including LVMH, the luxury goods group) why the company sells small boats when the big profits are made on its 40-metre superyachts, that sleep 12 guests. ...
China's Alibaba back on US counterfeits blacklist image
Source : BBC [Read Article] Thursday 22nd of December 2016 01:16:33 AM
.... . Taobao said earlier this year it had tightened controls on its sale of luxury goods, requiring sellers to show proof of authenticity. ...
Mulberry slips into red but sales grow image
Source : Guardian [Read Article] Thursday 8th of December 2016 09:12:29 AM
....Mulberry has slipped into the red after investing more in products, but sales rose strongly as the British handbag maker’s new collection helped it win back customers. The company announced it was setting up a new business in Asia, a key luxury goods market, as it reported a loss before tax of £500,000 for the six months to 30 September, compared with a profit of £100,000 a year earlier. ...
Tiffany blames Trump protests for hitting sales at flagship jewellers image
Source : Guardian [Read Article] Tuesday 29th of November 2016 01:52:08 PM
....Many of the demonstrations before and after the election have centred on the president-elect’s skyscraper in midtown Manhattan, located on the same block as the jewellery store on Fifth Avenue and 57th Street. The site, described by the luxury goods company as “simply the most famous store there is”, is a tourist attraction almost as much as a retail outlet, mainly because of the enduring image of Audrey Hepburn’s alfresco dining and window shopping in the 1961 film Breakfast at Tiffany’s. ...
Burberry cuts product lines in response to volataile market image
Source : Guardian [Read Article] Wednesday 9th of November 2016 01:13:09 PM
....”. Analysts at Citi said the outcome of the US presidential election and exchange rate volatility could potentially weigh on consumer confidence and global demand for luxury goods. ...
On your behalf image
Source : BBC [Read Article] Sunday 23rd of October 2016 11:09:04 PM
....At the height of a boom last year in demand in China for milk formula, a buying surge from daigou attracted criticism in sections of the Australian media for leaving domestic shoppers empty-handed. Daigou came to prominence in Europe by shipping luxury goods such as Gucci handbags to China. ...
FTSE 100 dips as tobacco shares mixed image
Source : BBC [Read Article] Friday 21st of October 2016 08:24:26 AM
....Fashion house Burberry was the biggest riser on the FTSE 100, up 3. 1%, on a report that US luxury goods company Coach was mulling a merger. ...
Louis Vuitton handbags 'cheapest in London' after Brexit vote image
Source : BBC [Read Article] Wednesday 12th of October 2016 03:16:25 PM
.... . According to research from Deloitte, items from the designer and other luxury goods now cost less in Britain in dollar terms than anywhere else. ...
iPhone 7? You're fired! image
Source : BBC [Read Article] Saturday 1st of October 2016 11:10:06 PM
.... It reported that when it contacted the company to check the story a company spokesman called Mr Liu confirmed that the warning was issued on behalf of the firm's chairman. He said it was intended to encourage staff to pay more attention to their family instead of luxury goods. ...
FTSE 100 hangs on to gains at close image
Source : BBC [Read Article] Wednesday 14th of September 2016 08:08:49 AM
.... It reported strong annual results and also proposed raising its dividend payout by 21%. Shares in European luxury goods firms were lower after France's Hermes warned of an "increasingly uncertain trading environment" and Switzerland's Richemont announced disappointing results. ...
How to become a billionaire image
Source : Guardian [Read Article] Saturday 10th of September 2016 06:00:23 AM
....After tech, it’s consumer brands where the biggest fortunes lie. Of the 100 richest people in the world, 20 have made it from luxury goods and booze. ...
Burberry chief operating officer resigns after seven years image
Source : Guardian [Read Article] Friday 10th of June 2016 12:55:44 PM
....”. Luca Solca, a luxury goods analyst at Exane BNP Paribas, said the departure of Smith cleared the way for a potential restructure at Burberry that could bring in a digital and retail boss in a role similar to the one Ahrendts holds at Apple. ...
Giorgio Armani revenues hit by China slowdown image
Source : Guardian [Read Article] Wednesday 1st of June 2016 01:03:09 PM
....Big luxury brands such as Burberry and Hugo Boss have also been hit by the economic slowdown in China and emerging markets, while terrorist attacks in Paris and Brussels have deterred overseas tourists from visiting Europe. Hugo Boss is cutting its prices in Asia in response to waning demand for luxury goods. ...
Greece pushes fresh austerity drive through parliament image
Source : Guardian [Read Article] Sunday 22nd of May 2016 08:16:31 PM
....”. The belt-tightening legislation, outlined in a 7,500-page omnibus bill, includes measures that range from the taxation of coffee and luxury goods to the creation of a new privatisation fund in charge of real estate assets for the next 99 years. ...
Christopher Bailey: from Burberry chief executive to chief hatchet man image
Source : Guardian [Read Article] Wednesday 18th of May 2016 06:50:58 PM
....The removal period extends as far as March 2019, which might be seen as leisurely. But the exercise will plainly be a shock to a company that has not worried about internal efficiencies during its astonishing 15-year rise from unloved subsidiary of the old Great Universal Stores to winner in the global luxury goods love in. ...
Burberry to cut jobs and product range to save £100m a year after profit fall image
....Burberry is to cut jobs and reduce its product range by up to one-fifth in an attempt to save at least £100m a year, following a 10% fall in profit. Christopher Bailey, the chief creative officer of the British clothing brand, who also became its chief executive in 2014, said “change is not a choice” as the market for luxury goods faces challenging trading conditions. ...
City News: Burberry, Amigo Loans, Football, SSE and travel industry image
Source : Daily Express [Read Article] Sunday 15th of May 2016 09:02:00 AM
.... Since February 2015, the firm’s shares have tumbled more than 40 per cent and closed on Friday at 1139p. In order to weather the tough market for luxury goods, Bailey is cutting costs and trying to improve efficiency. ...
Almost half of world's superyachts have UK or US owners, survey finds image
Source : Guardian [Read Article] Monday 18th of April 2016 06:13:04 PM
....But ownership is not in decline: during the same period, orders increased to 166, from 152 in 2014, taking the total order book of uncompleted superyachts to 455. Related: World's super rich keep buying up luxury goods in face of wealth decline. ...
City news: RBS, Burberry, Debenhams image
Source : Daily Express [Read Article] Friday 15th of April 2016 12:01:00 AM
....---------------------------------------------------------------------------------------. A DROP in spending on luxury goods in Europe by Chinese tourists checked sales growth at Burberry. ...
LVMH boss hits back at 'extreme leftists' over depiction in film image
Source : Guardian [Read Article] Thursday 14th of April 2016 02:56:53 PM
. France’s richest man, Bernard Arnault, the chief executive of luxury goods conglomerate LVMH, has hit back at a blockbuster documentary in which the little guys take him on – and end up laughing all the way to the bank. ...
Luxury retailer LVMH sees revenues rise image
Source : BBC [Read Article] Tuesday 12th of April 2016 12:57:01 AM
.... . "Overall this is not very surprising, as LVMH and LVMH fashion and leather goods are so big that they can be seen as a proxy of the luxury goods sector - and the luxury goods sector is on the back foot," said Luca Solca, analyst at Exane BNP Paribas. ...
Jimmy Choo says Asia will help it outperform luxury market image
Source : Guardian [Read Article] Tuesday 22nd of March 2016 08:52:39 AM
....Japanese revenues were up 29%, driven by domestic demand as well as an influx of tourists from mainland China. Growth in the luxury goods market has slowed, particularly in the second half of 2015 after the Paris attacks put tourists off travelling to Europe, where many luxury brands make a significant proportion of their sales. ...
Why do so many brand spin-offs fail? image
Source : BBC [Read Article] Tuesday 22nd of March 2016 12:08:19 AM
....A Harvard Business Review study of 150 luxury brand extensions says that the number of new areas a company extends into isn't a problem by itself, but says their success depends on whether they are "adjacent" products: things which have some kind of logical link to the company's main offering. It's an approach which Italian jewellery and luxury goods firm Bulgari has tried to take. ...
Wall Street bonuses fell 9% in 2015 after new regulations and decline in profits image
....5bn, comes from the financial industry, mostly through income taxes. The real estate and luxury goods markets, which typically enjoy an uptick in business at bonus time, will also be nervously watching to see how the fall will impact their businesses. ...
Burberry jumps 5% on takeover talk but FTSE falls after Chinese data image
Source : Guardian [Read Article] Tuesday 8th of March 2016 09:48:22 AM
. As markets fall back after poor Chinese export figures, Burberry is bucking the trend following reports the luxury goods group is preparing defences against a possible bid. ...
World's super rich keep buying up luxury goods in face of wealth decline image
Source : Guardian [Read Article] Wednesday 2nd of March 2016 12:01:07 AM
. The global super rich continued to splash out on super-yachts and luxury goods last year, despite a decline in their overall wealth in the wake of financial market turmoil. ...
Signs of a wealthy home: See the checklist that shows you're worth more than you think image
.... AGA or Rangemaster. Selwyn Fernandes, managing director of LV Home Insurance, said: "An increase in disposable incomes has seen many people fill their homes with luxury goods but because they don’t consider themselves ‘mid-net-worth’ it, many people haven’t upgraded their contents cover at the same time. ...
Burberry to launch instant catwalk sales image
Source : BBC [Read Article] Monday 22nd of February 2016 12:32:06 PM
. Burberry, Britain's biggest luxury goods firm, is changing the way it presents and sells its collections. ...
Anglo American goes for bold but has the miner left it too late? image
Source : Telegraph [Read Article] Wednesday 17th of February 2016 10:09:01 AM
.... . In contrast, Chinese demand for base and precious metals is expected to grow to feed rising sales of consumer and luxury goods as people’s disposable incomes increase. ...
N Korea to cut hotlines with South image
Source : BBC [Read Article] Thursday 11th of February 2016 02:12:19 AM
....The current shutdown came as the US Senate voted unanimously in favour of tougher sanctions against North Korea. The draft legislation targets any person or entity trading or financing anything related to weapons of mass destruction, conventional arms proliferation, North Korea's rocket programme, money laundering, narcotics trafficking, human rights abuses, activities that threaten US cyber security, and the import of luxury goods. ...
VIDEO: Why is make-up a hard sell in India? image
Source : BBC [Read Article] Monday 8th of February 2016 12:09:01 AM
....But that is now changing, particularly in the major cities. Domestic brands have grown fast and a number of foreign cosmetics firms are expanding too - including Sephora, a company owned by the French luxury goods brand, Moet Hennessy Louis Vuitton (LVMH). ...
Related to :
How social media is transforming the fashion industry image
Source : BBC [Read Article] Friday 5th of February 2016 12:08:40 AM
....This may be a risky approach, however. Online sales in 2014 accounted for just 6% of the $250bn (£172bn; €224bn) global market for luxury goods, but they're growing at a much faster rate than shop sales, according to management consultancy McKinsey. ...
LVMH shares jump on record sales image
Source : BBC [Read Article] Wednesday 3rd of February 2016 09:07:45 AM
....5% on Wednesday after it posted record sales last year despite weakness in China, although profits were less than expected. The world's biggest luxury goods group said sales rose 16% in 2015 to €35. ...
Cost of UK retail crime soars to a record £613m image
Source : Guardian [Read Article] Monday 1st of February 2016 12:01:12 AM
. The annual bill for UK retail crime soared to £613m last year – the highest level since records began – driven by sophisticated criminal gangs stealing luxury goods such as designer clothing and hi-tech gadgets to order. ...
Jimmy Choo sales step ahead as Asian shoppers snap up shoes image
Source : Guardian [Read Article] Thursday 28th of January 2016 12:21:57 PM
....The company said it had seen strong growth in Asia, especially Japan. Other luxury goods retailers such as Burberry have been hit by a slowdown in China. ...
Number of Chinese tourists visiting UK soars nearly 40% image
Source : Guardian [Read Article] Wednesday 27th of January 2016 01:00:28 PM
....Luxury retailers such as Burberry have reported “more challenging” conditions in the UK towards the end of last year because of a slowdown in spending by tourists from China and the Middle East. The relatively high value of the pound against the euro has encouraged visitors to pick up luxury goods on the continent instead of in London or the Bicester Village discount shopping centre in Oxfordshire. ...
Four steps that plunged the FTSE into a 'bear market' image
Source : Telegraph [Read Article] Wednesday 20th of January 2016 03:46:08 PM
.... These tensions crescendoed on "Black Monday", which wiped billions off the value of FTSE stocks. Particularly hard hit were commodities and luxury goods producers, both of which have been reliant on Chinese demand. ...
Should we be worried by economic warnings of a bear in the China shop? | George Magnus image
.... Yet the campaign is having unintended consequences. It is stifling enterprise and initiative, and undoubtedly compromising economic activity, including for example the luxury goods sector, as companies such as Burberry and Prada can testify. ...
Richemont sales hit by Paris attacks image
Source : BBC [Read Article] Thursday 14th of January 2016 05:37:24 PM
.... . The world's second-biggest luxury goods group has been hit by the economic slowdown in Asia and in Europe. ...
Burberry sales up but outlook for sector remains uncertain image
Source : Guardian [Read Article] Thursday 14th of January 2016 12:08:55 PM
....”. Burberry has responded to the tough climate for luxury goods by cutting £25m of annual costs, through reducing travel expenses and imposing a hiring freeze outside its stores. ...
Why firms limit how much you can buy image
Source : BBC [Read Article] Thursday 14th of January 2016 12:00:24 AM
.... . Taxes and currency differences make luxury goods far more expensive in China. ...
Angela Ahrendts: the woman aiming to make Apple a luxury brand | Observer profile image
.... In other words, a lot of money. What does Ahrendts, who studied merchandising and marketing at Ball State University in Muncie, Indiana, do to deserve that? Her big initiative is to make Apple stores more like luxury goods outlets. ...
The collapse in the price of oil is a challenge to the old world order image
Source : Telegraph [Read Article] Wednesday 30th of December 2015 09:06:18 PM
.... Others, including Iraq and Bahrain, will find it much tougher; Saudi Arabia has just been forced to pass an emergency budget. All will slash their purchases of Western assets and luxury goods, hitting the London economy. ...
Thomas Pink finance boss limbers up for Sweaty Betty role image
Source : Telegraph [Read Article] Wednesday 30th of December 2015 04:07:25 PM
.... . The group, which is owned by LVMH, the French-based luxury goods group, now runs more than 60 franchise stores around the world, including in China, Hong Kong, the Middle East and Mexico. ...
Foreign shoppers fuel Boxing Day sales boom image
Source : Guardian [Read Article] Saturday 26th of December 2015 08:20:12 PM
. Shoppers from overseas with a penchant for luxury goods helped to fuel a Boxing Day sales bonanza as millions hit the stores, leading experts to suggest that reports about the death of the high street have been premature. ...
British men are splashing the cash on designer labels  image
Source : Telegraph [Read Article] Saturday 26th of December 2015 12:01:31 AM
.... The report warned of a slowdown in visitors to the UK, which could dampen luxury sales. In the year to March, there was a 7pc fall in the number of Chinese visitors, who are typically among the highest spenders of luxury goods. ...
Weak Asian sales hit Prada profits image
Source : BBC [Read Article] Tuesday 15th of December 2015 07:31:57 PM
.... . The Italian luxury goods company said net profit for the nine months to October fell 26. ...
Why Neverland is on the market in Asia image
Source : BBC [Read Article] Friday 4th of December 2015 12:02:56 AM
....Bain & Company's Claudia D'Arpizio estimates the market for second-hand luxury clothing, accessories, watches and jewellery was worth about 16 billion euros ($17bn) in 2014. "While this market threatens new product sales, it is simultaneously turning luxury goods into durables with an increasingly defined re-sell price, thus increasing their value," she says. ...
Elisabeth Murdoch joins Jimmy Choo board image
Source : Telegraph [Read Article] Friday 13th of November 2015 08:39:38 AM
.... . However, the company had its rating downgraded on Wednesday by broker Liberum Capital, who cut their 2015 profit forecasts by 19pc, citing a slowdown in the wider luxury goods sector. ...
City news: HBOS, Halfords, Burberry and BAE image
Source : Daily Express [Read Article] Thursday 12th of November 2015 11:00:00 PM
....Breezy Burberry braced for festive sales. BURBERRY sales have picked up after a sharp slowdown in demand for luxury goods from Chinese shoppers in the first half – and it insists it has never been better prepared for the key festive trading period. ...
Luxury brands beat expectations image
Source : BBC [Read Article] Thursday 12th of November 2015 10:44:07 AM
....5% amid "a difficult context in Hong Kong, Macao and to a lesser extent in continental China". In October, Burberry had also warned of an increasingly challenging environment for luxury goods in China and Hong Kong. ...
Burberry sales rise defies expectations image
Source : Guardian [Read Article] Thursday 12th of November 2015 09:02:29 AM
....Comparable store sales since the start of its third quarter had improved relative to the second, from July to the end of September. Last month Burberry missed first-half sales growth forecasts and warned of an increasingly challenging environment for luxury goods, particularly in China and Hong Kong. ...
Prudential's profits rise on back of expanding middle class in China image
Source : Guardian [Read Article] Tuesday 10th of November 2015 01:27:28 PM
....The company says its regular premium savings product remains popular with young customers in their 20s and 30s in Hong Kong, who want to save for the future in times of stock market turmoil. On the other hand, luxury goods companies such as Burberry and LVMH have been hit by a slowdown in Chinese spending. ...
Harrods owner dividend falls by one-third in tough trading year image
Source : Guardian [Read Article] Thursday 29th of October 2015 05:34:43 PM
....5bn. Related: Global luxury goods market exceeds €1tn (£700bn). ...
Global luxury goods market exceeds €1tn image
Source : Guardian [Read Article] Thursday 29th of October 2015 04:00:30 PM
. Strong sales of luxury cars and fine art have helped push the global luxury goods market higher than €1tn (£700bn) for the first time, according to a new report, despite slowing demand for personal luxuries such as jewellery and handbags. ...
Hinkley is not kowtowing to China - this is a two way street image
Source : Telegraph [Read Article] Wednesday 21st of October 2015 05:23:41 PM
.... . Although Burberry is perhaps a poor example of what over-reliance on Asia-Pacific can mean for a share price, given the stock is off 23pc since the start of this year, it has made huge strides in China, where high-end consumers desire luxury goods, and will benefit in the long term. ...
Casino firm Wynn hit by Macau slowdown image
Source : BBC [Read Article] Friday 16th of October 2015 01:11:13 AM
....China's mainland government has since gone after thousands of public officials and individuals in the private sector. Earlier this year, a luxury goods fair was cancelled in Macau because of China's crackdown on corruption. ...
City News: Car industry, Burberry, Tesco and WH Smith image
Source : Daily Express [Read Article] Thursday 15th of October 2015 05:11:00 PM
....Burberry feeling the chill in China. ABOUT £500million was wiped from the value of Burberry Group yesterday as luxury goods went out of fashion for Chinese shoppers. ...
Questor share tip: Time to check out of Burberry image
Source : Telegraph [Read Article] Thursday 15th of October 2015 04:56:21 PM
.... . The luxury goods maker opened a total of 13 new stores in the six-month period . ...

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