Kering shares sink 9% after profit warning on declining Gucci sales

The new Gucci store on Bond Street on 27th September 2023 in London, United Kingdom.  Mike Kemp | In Pictures | Getty Images Shares of French luxury group Kering sank more than 9% at open on Wednesday, after the company warned it expects a sharp downturn in first-half profits as a result of waning demand for its … Read more

Why orchids are so loved: festival in Hong Kong celebrates the flowers’ beauty and shows how to raise them at home

In Thailand, they are considered a national symbol of respect and honour, and in Japan, they represent luxury and perfection. Hong Kong has a rich variety of native orchids – 133 known species, in fact – and spring, with its combination of high rainfall and humidity, produces the ideal damp environment for them to thrive. … Read more

Luxury Designer Nancy Gonzalez Sentenced to 18 Months in Prison

Luxury handbag designer Nancy Gonzalez was sentenced to 18 months in prison Monday for illegally importing merchandise from Colombia to the U.S. that was made with skins from protected wildlife. Gonzalez had pled guilty in November, as had her company, Gzuniga Ltd., and an associate Mauricio Giraldo. Gonzalez was sentenced to 18 months in prison … Read more

Unclaimed Baggage sells items in lost luggage at steep discounts

Live snakes, a mounted ram head, a Halloween card signed by Richard Nixon. Those are some of the most fascinating items found in lost luggage in 2023, according to a new report by Unclaimed Baggage, a store that buys lost items from airlines, sight unseen. The company also found a 13-foot vaulting pole, gruesome props … Read more

Handbag Sticker Shock? Try These 10 Entry-level Luxuries Instead

Price increases on high-end handbags have become public fodder that rivals the latest celebrity divorce scandal. PurseBop, an online forum for luxury collectors, has been publishing like-for-like data on bag prices for 11 years, but those articles have seen a “huge surge in readership lately,” said founder Monika Arora. “Everyone wants to know what they’re … Read more

High-end Swiss Watches Are Not Immune to Global Export Tumble in March

PARIS – On the heels of a busy edition of the Watches and Wonders convention, the Swiss watch industry woke up to a bad hangover with its March export figures on Thursday. Exports in the month fell 16.1 percent year-on-year, remaining barely above the 2 billion Swiss franc mark, according to figures released by the … Read more

Maharajas’ Express to Palace on Wheels

Luxury trains in India date back to its colonial era, when opulent carriages transported dignitaries, officials and royalty. More trains were built in the 19th century for the country’s maharajas and other ruling elites and their families. Following India’s independence in 1947, privy purses — or governmental payments to these rulers — ended. Without the … Read more

Meghan Markle fans defend major mistake on new jam product | Royal | News

Delfina Blaquier, a lifestyle influencer and friend of Meghan’s, recently shared a picture of the jam on her Instagram. The jam comes in a small, vintage looking glass container with a linen top. Delfina also shared a picture of the jam spread over a piece of toast. The post read: “Strawberry jam makes me happy … Read more

Revenue Falls 2 Percent Confirming Luxury Slowdown

Updated April 16, 4:41 p.m. EST. PARIS – Luxury spending is slowing as aspirational customers tighten their purse strings, but LVMH Moët Hennessy Louis Vuitton has no plans to trim its prices to woo back this once-booming cohort. Instead, it is playing the waiting game. The French luxury conglomerate said group sales fell 2 percent … Read more