Kering looks to double profits as it unveils ambitious turnaround plan to revive Gucci
[ad_1] A woman wearing a Gucci belt and bag is seen during Paris Fashion Week in September 2018 Christian Vierig | Getty Images Kering said Thursday it aims to double profitability and revive its flagship brand Gucci as it announced its highly anticipated strategy to get the company back on track after a year-long luxury […]
LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war
[ad_1] A Louis Vuitton bag is displayed at the LVMH Moet Hennessy Louis Vuitton stand during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. Benoit Tessier | Reuters Luxury conglomerate and industry bellwether LVMH reported quarterly sales that missed expectations on Monday […]
Basic business class is here with new, stripped-down United Polaris fares
[ad_1] United Airlines new Polaris seat on one of its Boeing 787 Dreamliners Leslie Josephs/CNBC Does it matter where you sit if you’re sipping Champagne in first class? United Airlines is betting that for some travelers looking for luxury at a discount, it doesn’t. The carrier is launching new, cheaper tiers for its top-end Polaris […]
Puig stock soars 15% after Estée Lauder confirms takeover talks with Charlotte Tilbury maker
[ad_1] Shares of Puig Brands soared as much as 15% Tuesday after beauty peer Estée Lauder confirmed it is in talks about merging the two companies. Estée Lauder said Monday that a final decision had not been made on any potential deal, first reported by the Financial Times. Puig stock was last seen up 14.6% […]
Mercedes shares fall 5% after full-year earnings halve on tariffs, China competition
[ad_1] The Mercedes star, the brand logo of the vehicle manufacturer Mercedes-Benz, rotates on a building of a Mercedes-Benz car dealership. Picture Alliance | Picture Alliance | Getty Images German luxury car manufacturer Mercedes-Benz Group on Thursday reported a steep drop in full-year profit and warned of challenging times ahead, following a year marred by […]