Goldman Sachs is plotting to enter the $840 billion consumer loan business by offering small loans through a website or an app.
Karl Lagerfeld’s namesake label is making a return to the United States after being discontinued throughout North America in 2006.
Steinway & Sons commissioned master artisan Frank Pollaro to create the company’s 600,000th piano, “The Fibonacci.”
Only Louis Vuitton and Chanel saw an increase over last year, research company Millward Brown said in its 2015 BrandZ study.
NY State’s top financial regulator has granted the first license to a Bitcoin exchange, allowing it to open legally to customers across the country.
Chanel, one of the last fashion houses to resist online retailing, is reportedly set to launch an e-commerce option next year.
Starting April 8, French fashion house Chanel will cut sales prices on three of its prestigious handbags in China by 20%.
Luxury watches are more popular than ever, with consumer interest increasing by 10% from 2014, according to the World Watch Report 2015.
French fashion house Chanel is set to harmonize its global pricing structure from next month, in response to the changing market.
Viktor & Rolf has announced its intention to terminate its ready-to-wear line, following its autumn/winter 2015 collection.
Online retail spending in China will exceed a staggering $1 trillion by 2019, according to new research.
Swiss watch exports last year ticked in at a historic 22.2 billion Swiss francs ($23.9 billion), the Customs Administration said.
Britain’s whisky trade is worth over £5 billion to the economy each year and provides over 40,000 jobs, according to a recent study.
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.
Gucci has decided to stay in-house and hand the creative director title to its head accessories designer Alessandro Michele.
Switzerland’s luxury watchmakers are considering raising prices on their timepieces in the eurozone by up to 7% due to the ballooning franc.
Gucci creative director Frida Giannini has left the fashion house a month earlier than planned after a new CEO took control of the label.
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.
Paris department store Galeries Lafayette has listed itself on short-term rental website AirBnB for a one-night-only sleepover on January 6.
Amazon.com on Thursday began offering to have online purchases in some New York buyers’ hands within an hour for a $7.99 delivery charge.