SHANGHAI >> China’s second-hand and grey markets for luxury goods are booming, as price hikes from luxury brands in a weak ...

Demand for luxury goods is slowing in China, and tough economic conditions aren't only to blame for this.

LVMH reported 3Q2024 ended down 3%, with Asia off 16% and Fashion & Leather Goods down 5%. LVMH called it a cyclical downturn ...

Pansuk Siriwipa spent money from the business on a private jet flight, a downpayment for a sports car and a property in ...

European luxury shares have slid on investor concerns that Hermes handbags and Dior slingbacks may be Beijing's next targets ...

The Dior and Louis Vuitton owner reported disappointing earnings. As LVMH is a bellwether for the luxury industry, it bodes ...

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A Thai woman involved in the $32 million luxury goods scam has pleaded guilty to cheating and money laundering on Monday (Oct ...

Imports of watches from China saw a 64 percent year-on-year increase, suggesting North Korea's leader is stepping up rewards ...

By Mimosa Spencer and Dominique Patton PARIS (Reuters) -French luxury giant LVMH reported a 3% fall in third-quarter sales on ...

Plus, there's the waste factor. In the past, some luxury brands would reportedly destroy unsold items to protect their image.