
Italian jeweller Bulgari said fourth-quarter revenues fell 9.8 percent and business would remain very difficult for most of the year as the global economic downturn slashes luxury goods sales.
647 published items with the word (s) or phrase Cartier in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
Italian jeweller Bulgari said fourth-quarter revenues fell 9.8 percent and business would remain very difficult for most of the year as the global economic downturn slashes luxury goods sales.
British luxury goods group Burberry (BRBY.L) beat third-quarter revenue forecasts, helped by heavy discounting, and said it would cut around 540 jobs in Britain and Spain to protect profit in tough trading conditions.
Luxury goods giant Richemont said Monday that demand fell "dramatically" during the final quarter of 2008, especially in the United States, in the toughest market conditions seen in the group's 20 year history.
On a recent evening at Mumbai's luxury Taj Mahal Hotel, shoppers tried on sequined sandals and handmade moccasins at Joy Shoes, an Indian family business that has sold out of its only shop for nearly 70 years.
Chanel fashion's decision to call off a prestigious but costly global art show is the latest sign that even the shine of the luxury industry is beginning to wear thin due to the crisis.
Crinolines, those romantic fairytale dresses familiar in 19th century society portraits, look for all the world as if they belonged to a more leisurely age.
Italian jeweller Bulgari anticipates a "bad Christmas" in terms of sales and a difficult year next year, Chief Executive Francesco Trapani said on Friday."October was very difficult.
Swiss luxury goods group Richemont posted a better-than-expected 11 percent rise in first-half net profit but said financial turmoil had weighed on demand in October.
Swiss watchmaker Hublot, part of luxury group LMVH LMVH.PA, is bracing itself for a tougher 2009 even though sales have continued to improve this year, it said.
Even the wealthiest consumers are cutting spending in the face of the global economic turmoil, which will likely push the worldwide luxury retail market into recession in 2009, a survey showed Wednesday, October 29th.