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French fashion label Christian Dior has postponed its planned mega fashion show in Hong Kong due to be held in March, the government said on Monday, without giving a reason for the decision. The event was widely anticipated by many in the luxury sector after…
Expensive luxury brands are racking up strong sales in South Korea, despite the coronavirus outbreak. Consumers, denied overseas travel, have resorted to spending on luxury goods instead, gaining popularity among the MZ Generation (millennials and Generation…
The world’s largest luxury retailer LVMH shrugged off broader market pessimism overnight reporting record revenue of €46.8 billion last year, up 10 per cent over 2017. Excluding the closure of the unprofitable Hong Kong airport duty-free business in December…
LVMH Moet Hennessy Louis Vuitton boosted revenues by 10 per cent to €33.1 billion in the first nine months of this year. Organic sales grew 11 per cent compared to the same period last year and by 13 per cent after excluding the impact of the closed DFS…
French luxury retailer Christian Dior has suffered a PR setback in China with the relaunch of its Saddle Bag, one of the brand’s most iconic items. Timed to coincide with a global influencer campaign, the launch was marred by a poorly-received advertisement…
It has been another record year for luxury products group LVMH Moet Hennessy Louis Vuitton. Revenue increased by 13 per cent year on year to reach €42.6 billion (US$52.9 billion), while organic revenue growth was 12 per cent. All business groups recorded…
It has been a bubbly nine months for the LVMH luxury business – with the exception of its wines and spirits division, which was hampered by supply constraints. Revenue grew by 14 per cent for the period to reach €30.1 billion (US$35.4 billion). With organic…
Ginza Six, one of the largest commercial complexes in Tokyo’s Ginza district, will open tomorrow. At Ginza’s 6-chome block, the retail venture was jointly developed at a cost of about ¥86 billion (US$12.4 billion) by companies including J. Front Retailing,…
LVMH sales surged 15 per cent in the latest quarter to €9.88 billion (US$10.477 billion). That was nearly €400 million more than analysts had been expecting, with the result driven across all of the luxury group’s business units. Fashion and leather goods,…
Tokyo’s Ginza district is gearing up for the opening of its biggest shopping centre, Ginza Six mall. It occupies the site of the former Matsuzakaya Ginza department store, which closed in June 2013. Ginza Six mall has a total floor area of about 150,000 sqm…
Luxury brand group LVMH is thinking about taking its eyewear business in-house. This could be a further blow for Italian eyewear group Safilo, which lost the Armani licence in 2013 and those for the Kering Group labels (Alexander McQueen, Bottega Veneta,…
As Macau resorts swing the spotlight from gaming to shopping, designer labels are lining up to open their first stores in the former Portuguese colony. Established brands have already led the way, and the opening of two major resorts has introduced a broad…
Christian Dior China has become the first luxury brand to sell top-end bags on messaging and social network WeChat. With an eye on Chinese Valentine’s Day (Qixi) on August 9, it offered its limited-edition Lady Dior bag on the platform this week. It was to be…
Global duty-free retailing is expected to reach nearly US$98 billion in revenue by 2019, according to a new study by global technology research and advisory company Technavio. With the expansion of low-cost airlines, many middle-class travellers are taking…
Dior inaugurated a brand new boutique in China at the end of December 2015. Located in the heart of the Beijing central business district in the China World mall, the boutique is the largest Christian Dior flagship in China, joining a network of 20 plus…
