Topic / Luxury Goods

The Latest in Luxury Goods

The rich are buying luxury online like never before

Online luxury sales had been ramping up for some time as consumers became more comfortable with buying used items online, and auction houses and other resellers explored strategies beyond the traditional high-touch model of live sales.

Watchmaker Movado gets serious about global online sales

Movado is moving its brands to the eShopWorld platform, which helps merchants more easily sell in more than 200 markets by providing local payment options and help with customs and duties.

LVMH sues Tiffany over its management of the pandemic

LVMH moved Wednesday to call off a $16 billion purchase of Tiffany, with the Louis Vuitton owner saying the French government requested that it delay the deal for reasons related to a U.S.-France trade dispute.

Luxury retailers embrace curbside pickup

With consumers staying away from public spaces, retailers are coming to terms with selling products via FaceTime and curbside pickup.
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LVMH profit hit by store closures and travel restrictions

LVMH follows Richemont and Burberry in reporting what analysts expect will be the industry’s worst quarter ever because of the pandemic. Plus, Tailored Brands is likely to go bankrupt in Q3.

LVMH and L Brands struggle with deals amid COVID-19

The Louis Vuitton owner said directors met to examine the agreement to buy Tiffany's, while L Brands is looking to raise $1.25 billion in its first bond sale since losing a key deal with Sycamore Partners that would have given the private equity firm control of Victoria’s Secret.

Uncertainty plagues Tiffany's deal with LVMH

LVMH’s planned purchase of Tiffany has been the subject of speculation after the coronavirus pandemic altered the consumer landscape across the globe.
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