Millennial and Gen Z consumers, especially from Asia, plus the growth of online, a booming secondhand market, and a desire for social responsibility are all pushing growth higher in the luxury market, a new study shows.
Omega, which has accompanied James Bond for more than two decades, is joining in the festivities for the 50th anniversary of the film "On Her Majesty's Secret Service" with a set of two Seamaster Diver 300M watches.
Two months after unveiling the first collection, the label revived by LVMH is available online and on the high street, at 80 multibrand stores and several pop-up stores, the first at Galeries Lafayette in Paris.
Nordstrom's new store, located a few blocks from Central Park, marks the 118-year-old company's first flagship offering in the nation's biggest retail market and aims to reboot a format that has been fading.
Trouva, the online marketplace that specialises in offering hard-to-find pieces from a wide variety of retailers, has received an investment boost and plans to use the cash to fund its European expansion.
A richly embroidered jacket by Yves Saint Laurent inspired by Vincent van Gogh's "Sunflowers" was sold at auction Wednesday for 382,000 euros ($420,000), a record for a garment from the celebrated French designer.
Luxe fashion names are focusing heavily on boosting their e-tail ops and Hackett said it has achieved 97% growth in international e-tail, three months after partnering with cross border e-commerce specialist Global-e.
A 49-carat diamond which analysts estimate to be worth up to $12 million was among over a dozen jewel-encrusted items snatched from a German state museum in a spectacular heist, the museum confirmed Wednesday.