luxury
Top European luxury stocks have all shown a slowdown in growth in their first-quarter earnings results, although these brands displayed varying growth patterns. The Stoxx Europe Luxury 10 Index (STXLUXP), which consists of 10 companies positively exposed to European luxury goods, such as LVMH, Hermes, and Kering, fell by 2% monthly. Meanwhile, the European Stoxx 600 Index (SXXP) rose by 3% during the same period. A notable trend was that most companies reported a negative impact from weakened consumer demand in Asia, particularly in China. This sector may experience flat growth due to a sluggi...
Euronews (English)
Private railway company Midnight Trains had wanted to offer a luxury night train service from France to other cities in Europe, according to AFP news agency. The plan from the new railway company was to provide passengers with an overnight luxury trip in a private cabin, starting out their journey from Paris to a major European city end destination between 800 and 1,500 kilometres away. The first test route was to have been Paris-Milan-Venice. However, the train has failed to leave the station because of a lack of money and because the idea has not been given sufficient backing from France's p...
Euronews (English)
Richemont is set to redefine its CEO position and move Nicolas Bos into the role, effective from 1 June. Bos, who has been at the head of Richemont's jewellery brand Van Cleef & Arpels since 2013, will replace the wider firm's current CEO, Jérôme Lambert. As part of a shake-up at the firm, Bos will take on duties not currently performed by Lambert - who will stay on as chief operations officer (COO). "Building on Richemont’s expanded scale and stronger focus on retail and jewellery, Nicolas will steer the Group through the next phase of its evolution," said company chairman Johann Rupert. "The...
Euronews (English)
American tourists are flocking to Tenerife in record numbers. 5.6 million tourists visited the Spanish island in 2023, and more than 26,000 came from the United States between January and September of 2023. This marks a significant 35 per cent increase compared to the same period in 2022 and a 51 per cent growth over the 2022 summer. These figures are more than double the number of US visitors from January to September 2019. Tenerife, already known as a luxury destination for Europeans, attracts around 5 million tourists annually. Tourists from the United Kingdom comprise the largest segment, ...
Euronews (English)
Do you spend your days scrolling social media, dreaming of the very best hotels and, specifically, their dreamy pools? Many of us are guilty of exactly that, although a luxury escape seems miles out of reach. There is a solution, though. Recently, a number of apps have popped up, offering day passes at affordable prices to some of the very best pools at fancy hotels in Europe and beyond. Resort Pass, DayPass and Hotel Treats are just some of these apps offering a day’s access to some stunning facilities for around €30, meaning you can have a glamorous day out for an accessible price. DayPass i...
Euronews (English)
Colombian designer Nancy Gonzalez is known for her luxury handbags which have been worn by Salma Hayek, Britney Spears and Victoria Beckham, as well as featuring in ‘Sex and the City’ and a 2008 exhibition at New York’s Metropolitan Museum of Art. But her career frayed at the edges when she was arrested in Cali, Colombia in 2022 before being extradited to the US for a multiyear conspiracy to recruit couriers to smuggle crocodile handbags to showrooms and New York fashion events. Pulitzer-winning writer David Mamet calls Hollywood’s diversity efforts 'fascist totalitarianism' Why is Milan poise...
Euronews (English)
Los Angeles (AFP) - Fashionistas desperate to get their hands on an exclusive Birkin handbag are suing Hermes in California on grounds the company won't sell them one unless they buy other luxury products first. A class-action lawsuit argues that would-be customers have to spend tens of thousands of dollars on scarves, shoes and belts just to be given the opportunity to get their hands on one of the world's most sought-after purses. One of the plaintiffs, Tina Cavalleri, says she inquired about buying one of the coveted handbags from the French company in 2022. She "was told specialty bags are...
AFP
New York (AFP) - As his red, white and blue mainstay prepares to turn 40, Tommy Hilfiger paid tribute to New York as a leading character in his journey to the design big-time as the city's fashion week got underway. To a hip-hop and disco-heavy soundscape curated by DJ Questlove evocative of the city's recent past, Hilfiger showcased a strong campus look set off by book bags, varsity ties and nearly ubiquitous baseball caps. Under Rafael Guastavino's tiled vaulted ceilings in New York's Grand Central station oyster bar, 72-year-old Hilfiger dazzled Manhattan's glitterati with a stream of blaze...
AFP
New York (AFP) - Bubble wrap, balaclavas and puffy jackets took center stage at the Helmut Lang show that kicked off New York Fashion Week on Friday. "I feel like living in New York, a lot can happen in a day. So I feel like I want to provide a tool for you to be ready for whatever it takes," said Vietnamese-American designer Peter Do following the show. An in-demand designer who also heads his own line, Do was tasked with reinventing Helmut Lang's chic and minimalist aesthetic, which shaped fashion in the 1990s and 2000s, before the Austrian designer quit. Now the brand belongs to Japanese...
AFP
New York (AFP) - Tapestry, the US owner of lifestyle brands including Coach and Kate Spade, said Thursday it will acquire Michael Kors parent company Capri for $8.5 billion, creating a new global fashion giant to compete with European powerhouses. The unified company will also include Tapestry's Stuart Weitzman and Capri's Jimmy Choo -- both prominent shoe brands -- as well as Versace, a go-to name for Hollywood A-listers looking to make a splash on red carpets. That will give Tapestry an upscale portfolio with multiple brands focused on shoes and handbags, as well as a strengthened apparel of...
AFP
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