LVMH, Gucci to Expand in India With New Outlets in Reliance’s Luxury Mall
MUMBAI, Sept 15 (Reuters) – Gucci, Cartier and Louis Vuitton are among brands to sign leases for stores in Indian tycoon Mukesh Ambani’s new...
Secretive Billionaire Sells to Rolex, Ending a Century-old Swiss Watch Dynasty
Over more than a century, three generations of Bucherers built one of the most exclusive watch and jewellery retailers in the world, selling expensive...
Rolex to Buy Swiss Luxury Retailer Bucherer
Bucherer has more than 100 stores worldwide and will continue to operate independently, keep its name, and sell other watch brands, Rolex said in...
Rolex’s Deal is Ticking Time Bomb for Retailers
LONDON, Aug 25 (Reuters Breakingviews) – Watches of Switzerland (WOSG.L) is having a bad time. Shares in the London-listed luxury retailer slumped on Friday morning after...
Gucci Opens Its Largest Texas Boutique in Dallas’ Northpark Center
The long-awaited Gucci store opens Friday at NorthPark Center in its new 12,000-square-foot space and becomes the largest of six locations in Texas and one of...
The ‘aspirational’ Luxury Shopper is Suffering, but Don’t Expect Any Deals
Most retailers will do almost anything to encourage customers to come back and buy more products, especially when those shoppers begin to tighten their purse...
China to Be Centre of Mercedes-benz 2025 EV Sales Drive, Automobilwoche Says
FRANKFURT, July 23 (Reuters) – Mercedes-Benz (MBGn.DE) is making China, the world’s top auto market, central to its next electric vehicle (EV) campaign starting in 2025,...
Mercedes-Benz Raises Earnings Outlook as Supply Snags Ease
BERLIN, July 27 (Reuters) – German automaker Mercedes-Benz (MBGn.DE) raised its earnings forecast on stronger orders, an improved supply chain and higher sales and said it...
Gucci Gets in the Pink With Valentino
Quiet luxury may be all the rage right now, but Kering SA is sticking to maximalism with its purchase of a 30% stake in Valentino...
Kering Relies on Its New Organisation to Revive Gucci After a Disappointing First Half
With new creative director Sabato de Sarno and the arrival of Jean-François Palus at the helm, Kering wants to give Gucci a boost. The aim is to quickly get its...