Hermes in Shanghai

China luxury market shrank in 2014

Sales of luxury goods in mainland China fell`1% to 115 billion yuan ($18.5 billion) in 2014 compared to a year earlier according to Bain & Company.

Alessandro Michele

Alessandro Michele Confirmed At Gucci

Gucci has decided to stay in-house and hand the creative director title to its head accessories designer Alessandro Michele.

employee of Swiss watchmaker Piaget

Swiss watchmakers to raise prices after franc increase

Switzerland’s luxury watchmakers are considering raising prices on their timepieces in the eurozone by up to 7% due to the ballooning franc.

Frida Giannini portrait

Frida Giannini Leaves Gucci One Month Early

Gucci creative director Frida Giannini has left the fashion house a month earlier than planned after a new CEO took control of the label.

mercedes benz bmw logo

Luxury car brand sales hit record levels in 2014

German automakers BMW and Mercedes said Friday they attained record sales in 2014, their fourth in a row, driven by rising demand in all regions.

GALERIES LAFAYETTE 2014

Win a night at Paris’ Galeries Lafayette with Airbnb

Paris department store Galeries Lafayette has listed itself on short-term rental website AirBnB for a one-night-only sleepover on January 6.

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