Angelina Rascouet

Kering SA will sell a majority stake in three Paris properties to French private equity firm Ardian, a deal that will net the struggling owner of the Gucci fashion label €837 million ($861 million).

Chanel is boosting the female representation on its board as part of a governance revamp at the top of the luxury fashion label.

Christie's named a new chief executive officer as part of a wider shakeup in the management of the billionaire Pinault family's art-related investments.

Richemont sales unexpectedly jumped by double digits during the holiday shopping season as consumers splurged on the Swiss luxury conglomerate’s Cartier products.

(Bloomberg) -- Richemont sales unexpectedly jumped by double digits during the holiday shopping season as consumers splurged on Cartier jewelry, a tentative sign that demand for luxury goods may be recovering. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesNYPD Reforms Car Chase Policy Amid Rising Crashes, InjuriesChurches, Cinemas — and Moon Artifa

Champagne shipments dropped for a second straight year in 2024 as fewer shoppers splashed out on the French bubbly amid a broader slowdown in luxury spending.

Los envíos de champán cayeron por segundo año consecutivo en 2024, una señal de la continua desaceleración del gasto en productos de lujo.

Total shipments fell to 271.4m bottles, data compiled by Comite Champagne showed, a 9.2% annual decline.

Chanel Inc. is cutting 70 roles in the US as the luxury fashion and beauty label warned it faces a more difficult economic environment.

Swiss luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs ($110 billion) for the first time, bolstered by the appeal of its blockbuster jewelry label Cartier.